Digital Financial Reporting

In the article Disclosure management: Streamlining the Last Mile, Mike Willis of PriceWaterhouseCoopers makes the statement that leading implementations of disclosure management applications are seeing 30% enhancements in report assembly and review efforts.  How?

By empowering reporting professionals to more efficiently and effectively assemble and review relevant information. This allows them to spend more time analyzing, communicating about performance and assessing risk than assembling and reviewing reports.

The article also makes a case for reporting templates and points out the benefits of standardization where standardization can be effectively applied.

Bottom line is that this article is a must read if you want to understand the future of external and even internal financial reporting.