| |
Corporate
Reporting Solutions |
| |
Digital
Reporting in support of internal reporting processes |
| |
|
| |
Does
your corporation have one accounting system for all subsidiaries
and is that the single source for reported data? Probably not.
If you want to introduce straight through reporting internally
without investing in one single accounting infrastructure, you
should consider XBRL. Use this open standard as a tool for defining
you corporate data models and use our tools to implement reporting
processes. |
| |
|
| |
Enforcing
Accounting Standards |
| |
|
| |
It is not always easy to ensure that all consolidated reporting
is based on the same definitions. By using an XBRL taxonomy
a corporate control department can communicate clearly and unambiguously
what it requires from its subsidiaries. If you decide to use
your local GAAP definitions, such as US GAAP or IFRS, also as
a basis for your internal reporting, you can leverage XBRL to
automate the entire reporting process. You can build your own
taxonomy or engage one of our partners to do it for you. Our
Taxonomy Builder can help you do that and can even automatically
generate a taxonomy. |
| |
|
| |
Automatic
Processing |
| |
|
| |
Your
subsidiaries can use the taxonomy to automate their reporting
processes. By using a preparer solution by Semansys or one of
our partners, they can reduce the reporting effort to so much
as pushing a button. Changes in reporting definitions and requirements
are easily identified and implemented. |
| |
|
| |
Local
Reporting |
| |
|
| |
Subsidiaries
in other states or countries will have their own specific reporting
requirements to meet. These may be subject to different definitions
that need to be aligned with applicable corporate reporting
definitions. By using a taxonomy, all relationships between
reporting elements are explicitly defined. Consistency between
internal and external reports is automatically assured. Our
Preparer Solutions take care of that. |
| |
|
| |
Automatic
collection and instant consolidation |
| |
|
| |
On corporate
level XBRL based reporting will lead to considerable efficiency
and quality gains. No more re-typing, no more interpretation
issues. You can use our reception facilities to just update
your consolidation database after validating the reports and
checking them on compliance. You can also choose for integrated
solutions from our partners such as Cartesis if you need more
intelligence in consolidation and business performance management.
Or use our Business Monitoring Solutions when you want to optimally
leverage the full richness of information you receive through
XBRL. |
| |
|
| |
 |
| |
|
