Statutory Reporting
Centralise and connect your financial and nonfinancial statutory documents and reports in a single, secure cloud platform.
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Local control, global oversight
The narrative aggregation and report assembly process for statutory reports is time-consuming, complex and costly. Errors in numbers, inconsistency in disclosures and time wasted on document management yield a significant risk to your business.
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Accelerate the statutory reporting process
Workiva provides a platform that drives collaboration and improves efficiency across globally disparate entities. Enable collaboration and deliver trust in your information, reports, and filings.
Create a multilingual single-source library to centralise narratives, including corporate governance and financial information, enabling consistency.
Improve content consistency throughout the accounts preparation process with workflow, tasking and built-in controls. With connected data, numbers and narrative are always up to date throughout financial statements and reports.
Control beyond rigid templates
A single cloud environment tracks and aggregates critical financial and nonfinancial information, enabling teams to focus on accounting and tax requirements rather than managing manual updates.
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Improve efficiency and transparency
Leverage flexible templates for reporting that can be easily tailored to suit your organisation’s specific global reporting needs. Rapidly aggregate and centralise data from disparate ERP and consolidations systems or ad hoc data sources.
Provide tailored cross-border and multi-team access to a scalable platform that can easily adapt to changes and auditor recommendations. Maintain corporate standards for consistency of policies and other narrative to ensure accuracy across entities and reports.
Gain full visibility over the entire global statutory reporting process, including an audit trail of adjustments or changes to trial balance data at each entity. Complete control over your document assembly process reduces regulatory and audit risk.
A single, connected reporting process
Traditional word processing and office software create inherent security, audit and data integrity risks for statutory reports. Workiva connected reporting ensures consistency and provides transparency into the tracking and review process with internal and external stakeholders.
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Complete visibility into review and sign-off
Streamline the process for internal management review, internal and external audit, director and secretary sign-off, and other stakeholders.
Access real-time status dashboards to monitor entity progress toward final statutory reports. Personalise views for managers to track and monitor approvals.
Ensure process compliance with robust revision history and blacklines. Record keeping is transparent and accurate with the ability to attach support documents, comment and issue approvals within the platform, resulting in smooth audits.
Overcome global compliance challenges
Workiva provides a cloud platform that can be quickly adopted, streamlining statutory reporting processes across regional regulations and local jurisdictions.
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Support to meet your needs
The quality of your global statutory reporting data is critical, as is selecting the right technology provider. Workiva offers a comprehensive platform to solve one of the largest problems facing multinational organisations today—exposure to risk resulting from disconnected and manual processes.
Workiva provides connected solutions and a team of global experts to help your organisation increase productivity and improve data accuracy. Trust the global leader in XBRL® and Inline XBRL® (iXBRL) filings to help meet specific reporting requirements or mandates by jurisdiction.
XBRL®, Inline XBRL®, and iXBRL® are trademarks of XBRL International, Inc. All rights reserved. The XBRL™/® standards are open and freely licensed by way of the XBRL International License Agreement.
See it in action
Centralise statutory reporting across multiple jurisdictions
- Multi-entity management on a single cloud platform
- Entity documents are available in local language and local GAAP
- Increased team collaboration and efficiency for all relevant stakeholders
Connected data enables updates in real time
- Feeds directly from your ERP or system of record
- Standardised approach for preparing data
- Filters for specific time periods or entity GAAPs
Adjusting journal entries
- Single, standardised place for input
- Supporting evidence available as attachments
- History panel shows every change down to the cell, with a full audit trail
Extended trial balance
- Centrally managed extended trial balance
- Standardised view from GAAP standards to the statutory number in the entity face statements and footnotes
Increased visibility
- Clear, interactive dashboards
- Real-time visibility into the status of your statutory reports
- Dashboards update automatically
Standardised report preparation
- Trusted standardisation despite variables in the process
- Centralised information institutionalised into company-specific knowledge
- Shared view of the status and next steps
