Embracing the power of digital corporate reporting
The time is now for Australia.
Download the reports:
- Accelerating Digital Financial Reporting for a more productive Australia
- Embracing the power of digital corporate reporting
Every year, businesses spend hundreds of hours on reporting, planning, data gathering, fact checking, writing, editing, error fixing and the list goes on. It’s a mammoth task not only for those producing, but also for the investors, auditors and regulators sifting through countless pages for key information.
Two years ago Deloitte Access Economics undertook extensive research into the benefits of digital reporting, finding that by 2030 the economy would be roughly $7.7 billion larger per year if all large businesses adopted digital financial reporting – and if it was extended to sustainability and climate disclosures, the benefit to the economy would be even greater.
Australia remains one of the few advanced economies without mandatory digital reporting, despite the costs on businesses to implement having decreased significantly in recent years with new technologies and experience overseas.
Expectations of organisations to share accurate, transparent and timely financial data are mounting and the burden of reporting continues to intensify with the requirement for organisations to make mandatory ESG disclosures upon them.
The Productivity Commission’s July 2025 interim report on Harnessing data and digital technology recommends mandatory digital reporting for disclosing entities as a practical reform that could improve transparency, reduce regulatory burden, and support productivity growth.
It is clear that change is essential, and the time is now for digital financial reporting to be standard practice.
