white paper


FSN

Why combining 'numbers' and 'narrative' is critical for next generation Disclosure Management


Download this white paper by FSN to read a new perspective in group financial reporting which seeks to explain what sort of technology support is required to reconnect pre- and post-consolidation phases.


Author: Gary Simon - FSN’s Managing Editor

INTRODUCTION

In this white paper we provide a new perspective in group financial reporting which seeks to explain what sort of technology support is required to reconnect pre- and post-consolidation phases so that the Last Mile is not seen as a separate activity or afterthought but as a part of a continuum from financial close to reporting; in which numbers and narrative are inextricably linked.


Table of Contents

  • THE ‘TRADITIONAL’ FINANCIAL CLOSE
    • Definitions
    • The rise of documents as part of the Last Mile
  • ISSUES WITH TRADITIONAL DISCLOSURE PROCESSES
    • Personal productivity tools
    • First generation Disclosure Management Tools
    • ERP-based Corporate Performance Management (CPM) suites
    • Pure document management
  • NEXT GENERATION DISCLOSURE MANAGEMENT
    • Rounding
    • XBRL disclosures
    • Workflow and task management
    • Finance domain knowledge is required

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