Financial professionals know the quarterly drill of yet another period close all too well.
Compounding their challenges: Rule 405 of Regulation S-T – the Interactive Data Mandate – designed to modernize financial reporting for publicly traded companies. As a result, public companies are transitioning away from their outdated, pieced-together processes and starting to file their documents and exhibits in eXtensible Business Reporting Language (XBRL) using new-breed disclosure management systems.
With automated reporting systems, companies can benefit from centralized and standardized processes and tools to create complex reports and documents and comply with reporting requirements in multiple formats– all on a single platform.
Download and read the resulting white paper for some perceptive and thought-provoking discoveries.