From helping forecast and model budgets, determining how to consolidate financial statements, assessing risk, supporting your final disclosures, and even identifying compliance and relevant regulations, there are many benefits to benchmarking financial reports by researching and comparing your organization with reports from other, similar organizations. You may think that this type of research can be time-consuming, and that’s true if it’s done manually.
Thankfully, this process has an automated solution that provides all the information you need in an easy-to-access format. Now, you can quickly establish best practices and perform peer comparisons.
Trintech Disclosure Management will allow you to gain more control over and stronger visibility into financial reports for both external audiences, such as the SEC, and internal audiences, such as your board of directors.
By using Trintech Disclosure Management for automated report creation, compliance, collaboration, approvals and research, you’ll be able to eliminate manual processes, reduce risk, and improve control all while increasing the effectiveness and efficiency of the whole process.
Trintech Disclosure Management will allow you to see a noticeable improvement in the control, accuracy, and timeliness of your reporting.
With a database of global knowledge at your fingertips, benchmarking your reports is simple because information isn’t just available – it’s accessible.
Now, you can greatly reduce the total time you spend on your research and increase the amount of valuable information you get from this task.
With so many regulations and new ones developing constantly, disclosure research allows you to find early adopters that abide by the latest rules and ensure you also follow all applicable reporting requirements before an issue arises.
This attention to detail is yet another way you can stay in front of your competition and convey value to your customers.
Not only will disclosure research improve the phrasing of your documents, it can shape the very risks that you identify and how you prepare for each one.
If you are looking for examples of narrative to support your disclosures, you’ll be able to easily find samples from organizations similar to yours and even identify areas of potential risk you aren’t currently mitigating.
Trintech offers the only comprehensive, automated Record to Report (R2R) solution for your office of finance.
We will help you transform your Reconciliation, Journal Entry, Compliance, Close, and Reporting processes to be more effective and efficient, saving you time and money throughout the entire R2R process.