Financial Disclosure Management

Today, many organizations face challenges involved with creating their external and internal financial reporting. In particular, many of these reports are still being created manually, meaning that the process is inflexible, time consuming, prone to errors, and difficult to maintain or adapt to increased complexity and changes in regulations. Financial disclosure management solutions aim at automating the disclosure process, and hence reducing cycle time and risks associated with errors, late filings, and non-compliance.

IBM financial disclosure management solution provides comprehensive capabilities related to reporting and disclosure management requirements by automating the creation of statutory filings, regulatory reports, annual and quarterly consolidated financial reports (e.g. SEC 10-K and 10-Q), management discussion and analysis (MD&A) and other internal management reports.  The solution allows you to:

  • Streamline and automate external and internal report creation and filing processes (including XBRL tag submissions), hence reducing overall cycle time
  • Pull data from multiple sources, utilize built-in workflow, and integrate with Microsoft Office, hence improving personnel efficiency and effectiveness
  • Reduce external costs associated auditing and submissions
  • Reduce risks associated with human errors, late filings, non-compliance, and insider leaks