Financial Reporting Is Becoming Services-as-Software

For more than a century, financial reporting has looked…. Well, exactly the same.

Highly skilled finance teams spend weeks stitching together spreadsheets, emailing documents back and forth with auditors, reconciling numbers by hand and worrying about errors that inevitably slip through. The tools may have changed, but the work itself hasn’t. It’s still manual, judgment-heavy, slow, and far more expensive than it should be.

At Storm Ventures, we’re always looking for opportunities like this—big, mission-critical workflows that haven’t been modernized. When I first met the Inscope team, I knew immediately that this was one of those moments.

A Broken Workflow Hiding in Plain Sight

Financial reporting remains one of the few major enterprise workflows untouched by the efficiency gains of modern software. Despite its critical role in business operations, this process largely depends on spreadsheets, endless email threads, consultants, and tools that only manage workflow rather than executing the core work.

The issue is that most existing platforms simply help teams organize tasks, leaving them with a blank slate and a heavy coordination burden. Consequently, finance teams spend weeks on this process, facing a high risk of errors and immense pressure. This diverts valuable time from the higher-value analysis and decision-making that these professionals should be focused on.

This is exactly the kind of problem that fits Storm’s investment thesis: large, established markets where AI  replaces manual work—not just make it slightly more efficient.

From Software to Services-as-Software

What stood out immediately about Inscope is that it wasn’t just positioning itself as “AI-powered reporting.” Instead, it was quietly doing something much more ambitious.

Inscope uses AI to do the work itself.

The platform automatically generates financial statements, cash flows, footnotes, and disclosures. It performs GAAP checks, consistency tests, and error detection. It produces audit-ready outputs in minutes, not weeks.

This is what we mean when we talk about AI-first replacement, not AI augmentation.

An Unexpected Force Multiplier: Accounting and Audit Firms

One of the most exciting developments as Inscope gained traction was organic pull from accounting and audit firms. These firms aren't just using it as a tool; they’re adopting it as core infrastructure and it’s deeply embedded in how work gets done.

Seeing firms like CohnReznick go live after a successful proof of concept was a strong signal for us. These firms also act as powerful distribution partners, introducing Inscope to thousands of downstream private companies.

Founder–Market Fit You Can Feel

Mary Antony, Inscope’s CEO, experienced this problem firsthand. Before founding Inscope, she built and scaled the financial reporting infrastructure at Miro as the company grew from $15M to $300M in ARR.

Kelsey Gootnick, her co-founder, brings decades of experience in technical accounting and controllership. The workflows Inscope automates are the ones she built and ran for years.

This is software built by practitioners who actually did the job, and customers feel that immediately.

A Large, Durable Opportunity

Inscope sits at the intersection of private-company financial reporting, audit workflows, and accounting productivity, an underserved market exceeding $10B, with no modern category leader focused on private companies.

At Storm Ventures, we partner with founders at moments when product-market fit is clear and the next challenge is scaling go-to-market without losing what made the product special.

Inscope is entering that transition now, and we’re excited to support the team with the same Survival to Thrival mindset we bring to all our partnerships.

As Mary Antony put it:

“We chose Storm Ventures because they truly understand what it takes to go from product breakthrough to category leader. David and the Storm team bring deep operator empathy, a clear AI-first point of view, and real experience helping companies transition from founder-led traction to repeatable growth—without losing what makes the product special.”

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We believe Inscope is building the financial reporting infrastructure for the private economy,and we’re proud to partner with the team as they build it.

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