Support financial transformation in a way that suits your organisationIndustry-leading technology for Shared-Service Centres of Excellence to centralise statutory reporting, drive standardisation and improve efficiency
A flexible approach to centralisation, regardless of your operational model
Support your teams with a consistent and controlled process from one global platform, no matter where you are in your financial transformation journey. Drive standardisation and deliver efficiency to your upstream and downstream report and review process through automation to free up your staff to carry out higher value-add work. How else does ONESOURCE Statutory Reporting complement your approach to financial transformation?
- Meet ever-changing local compliance rules with in-built, unbeatable local GAAP content in local language
- You’re covered globally with templates for over 45 jurisdictions
- Reduces the risk of re-keying errors with easy, centralised data capture and formatting
- Supports your team to work flexibly from any location using a cloud-based tool
- Gives you complete confidence with a proven track record for successful global implementations
A springboard to attract and retain top talent
By implementing technology and automation, teams can streamline processes to create more efficiency, save time and cost and improve data accuracy and reporting – giving team members the time they need to focus on higher-value tasks. Seamless connectivity to the rest of the ONESOURCE platform and third-party tools opens opportunities to attract and retain talent who enable the transformation of your statutory reporting function. An automated and centralised solution helps maximise the potential of your high-skilled staff through standardisation and process automation.
of SSON survey respondents plan to centralise by 2025
*Source: SSON Report 2020 – Are Shared Services Prepped to integrate Last-Mile R2R Services?Overcome the language burden with one-click translation
Alleviate the challenge of managing multiple languages from regional or global centre with a simple translation tool.
- Support multiple languages from within one interface
- Reduce key person dependency and reduce translation service costs
- Edit and export reports both in English and mandated filing language
- Be audit-ready with easy export in local language
Reduce reliance upon local regulation expertise with industry-leading content
Stay compliant with embedded, best-practice content for over 45 countries throughout Europe, Asia, the Americas and South Africa.
- Includes local GAAP in the local reporting language and country-specific content updates
- Content is pre-tagged with the appropriate XBRL taxonomy and bi-annual updates to disclosure content
- Add additional tables and footnotes
- Personalise content using comparison functionality
Why Shared-Service Centres of Excellence choose ONESOURCE Statutory Reporting:
Unbeatable content from Big Four firms
Access local language, best practice, country-specific reporting templates and content updates, supported by in-house experts – including support for e-filing.
One-click
translation
Quickly and simply translate your user interface and reports from the local reporting language to English with an intelligent translation tool to assist both the preparation and review process.
Automation
and
standardisation
Automate previously manual tasks including page/note numbering and roll-forward in one standard global tool.
Data connectivity
Access APIs across ONESOURCE solutions and third-party applications such as visualisation and analytical tools to achieve seamless end-to-end data flow.
Easy access
Cloud-based SAAS that is convenient for staff across the globe, including common user management and flexible user control.
Governance
Maintain corporate standards and drive efficiency through both the internal and audit review process with standard workpapers, providing a complete audit trail of adjustments.
Hear it from our customers
“Before, a business would pay very expensive local statutory reporting experts for a greater portion of the compliance process. But now, we only need experts to look at the filing at the end because all the other accounting is more generic and can be done by central teams.”
Large MNC Conglomerate
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“Shared Services environment isn’t a choice anymore. You really have to scale your accounting control and compliance functions. You just cannot do them efficiently locally. Automation is fundamental… It’s critical to find the right tools that enable you to drive the efficiency from scaling.”
Large MNC conglomerate
“Translation is a game-changer for shared service centres.”
Resources to support your financial transformation journey
2021 SSON Report
Find out reasons why technology and the cloud connectivity will define success of Shared-Service Centres.
Download Report
SSON Webinar
Hear recommendations for establishing best practice centralised reporting, tax, and other key functions.
View on-demand
Definitive Guide
Where do you start with standardising, centralising and automating the global statutory reporting process? Find out how you can ensure the success of your finance transformation project.
Download reportHave questions about how to start your financial transformation journey?
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