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Working in the new Digital Age
With traditional tools, multiple analysts might save and update files on their own machines, making it difficult for people later in the process to determine what version of a file is the most updated and accurate.

A new way of working
With traditional tools, multiple analysts might save and update files on their own machines, making it difficult for people later in the process to determine what version of a file is the most updated and accurate.
The cloud, on the other hand, makes it possible for collaborators with the right permissions to work on the same document at the same time, with an audit trail automatically capturing a full revision history, so users can quickly see what has changed.
Read about it here: https://www.workiva.com/uk/blog/finding-tools-improve-month-end-close-process