Reporting & Compliance

IFRS16 business integration challenges

Why a lease engine, such as CCH Tagetik, is fundamental to cover all the aspects related to the IFRS 16 requirements that go into effect on January 1, 2019

Performance Management Disclosure Management Reporting & Compliance


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Risk Management at Astaldi (Part Two)

Discover the role CCH Tagetik plays in Astaldi’s Risk Management

Performance Management Reporting & Compliance


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Don’t Panic over IFRS 17!

Discover more on new IFRS 17 requirements and why CCH Tagetik can be your best solution

Performance Management Reporting & Compliance


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Risk Management at Astaldi (Part One)

The importance to consider risk as an integral part of the business

Performance Management Reporting & Compliance


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Exploring Qlik Sense using CCH Tagetik as a source

Discover how Qlik Sense can be integrated into CCH Tagetik’s software to offer you a powerful reporting solution

Performance Management Business Intelligence & Analytics Reporting & Compliance


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The Importance of Collaborative Reporting for Modern Finance

What to keep in mind to select an efficient reporting solution

Reporting & Compliance


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IFRS 16 and ASC 842: The Clock Is Ticking for Lease Accounting

How to make easier the transition to the new lease accounting standards

Disclosure Management Reporting & Compliance


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Why Some CFOs are Unprepared for a New era of Self-Service Reporting

Learn why many CFOs and their senior executives aren’t ready for an era of self-service reporting despite a strong desire to implement it.

Performance Management Business Intelligence & Analytics Reporting & Compliance


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Corporate Performance Management: The Role of Managers, Stakeholders, and Software

Learn how managers and other stakeholders can easily see the up-to-the-moment status of performance goals with a CPM software

Performance Management Business Intelligence & Analytics Reporting & Compliance


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Sharing FP&A Knowledge: The International FP&A Board

We recently had the opportunity to talk with Larysa Melnychuk, founder and managing director of the International FP&A Board, a professional discussion and debate forum for senior finance practitioners. Following highlihts from our conversation.

Performance Management Business Intelligence & Analytics Reporting & Compliance


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Narrative Reporting: Excel and Reporting Tools Come Up Short

Read our survey on financial reporting and discover the most recent trends and challenges within the Office of Finance

Performance Management Disclosure Management Reporting & Compliance


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A Successful Unification of Global and Local

Discover how the group has reduced the number of its applications from seven to one while saving 50% of data processing time.

Performance Management Business Intelligence & Analytics Budgeting & Planning Consolidation & Closing Reporting & Compliance


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The Clock Keeps on Ticking for Regulatory Requirements

The Role of Technology in Meeting Regulatory Requirements and Reporting Changes for Financial Services

Business Intelligence & Analytics Disclosure Management Reporting & Compliance Financial Services


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Fourteen Years Later, No Regrets

When Astaldi implemented CPM software in 2002, the company was taking a huge leap of faith. Read the lessons learned and advantages gained by this early adopter.

Performance Management Business Intelligence & Analytics Budgeting & Planning Disclosure Management Reporting & Compliance


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Enterprise Performance Management from C-Suite Future Diaries

What might C-level executives write in their diaries in the future? My crystal ball is crystal clear. Seven years from now in 2023 here are the personal diary entries of the executives of a fictitious corporation reflecting on their experience implementing EPM methods.

Performance Management Business Intelligence & Analytics Budgeting & Planning Disclosure Management Reporting & Compliance


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A Circle of Blame for Failure – Part II

Here is a fictitious story. But how true could it be? The long journey to determine who is at fault when your loss unexpectedly doubled each quarter. Lessons Learned.

Performance Management Budgeting & Planning Consolidation & Closing Disclosure Management Reporting & Compliance


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A Circle of Blame for Failure - Part I

Here is a fictitious story. But how true could it be? The long journey to determine who is at fault when your loss unexpectedly doubled each quarter.

Performance Management Budgeting & Planning Consolidation & Closing Disclosure Management Reporting & Compliance


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Eliminating IC Profits in Inventory: The Challenge of IFRS 10 - B86(c)

Eliminating profits on intragroup transactions that are recognized in inventory can be a real challenge to the office of finance. How a consolidation software solution can be utilized to address this challenge.

Performance Management Consolidation & Closing Disclosure Management Reporting & Compliance


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Regtech: "How Compliance Investments Can Improve Business Performance"

How regulatory technology is improving the entire reporting process, helping companies to better understand their compliance risks

Performance Management Disclosure Management Reporting & Compliance


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Don`t Get Caught on the Hop. Be Prepared for the New IFRS 9 Standard

Facing the upcoming requirements for calculating loss provisions

Performance Management Reporting & Compliance


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Now What? How “Finding Nemo” Can Inspire Us to Manage Info in a Better Way

Your numbers are talking...are you listening?

Performance Management Business Intelligence & Analytics Disclosure Management Reporting & Compliance


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IFRS 17 - Are you Ready to Take Action?

As IFRS 17 moves closer to its “go live” date, CFOs and the Office of Finance will feel the pressure to increase efficiency and achieve a higher level of integration between finance, actuarial and risk processes. This begs the question: will you be prepared for action? Or stuck in reaction?

Performance Management Reporting & Compliance


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The New IFRS Wave – Not to be Underestimated

Read this post to discover why the new IFRS 9, 15, 16 require significant work from the corporates

Performance Management Reporting & Compliance


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IFRS 9: Insights into the Critical Aspects of the New Accounting Standard - Part II

Get ready for the new IFRS 9 accounting standard: a deep dive into the basic principles going on in the discussion around the 3 pillars.

Performance Management Reporting & Compliance


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IFRS 9: Insights into the Critical Aspects of the New Accounting Standard - Part I

Get ready for the new IFRS 9 accounting standard: a deep dive into the basic principles

Performance Management Reporting & Compliance


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5 Causes Of Cumbersome Corporate Reporting

Corporate reporting in some cases is a cumbersome exercise – but it doesn’t have to be. Read this blog post to find some key causes of cumbersome corporate reporting.

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How not to Get Lost in the Regulatory Jungle

Have you ever felt to be a looser in the regulatory requirements game?

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Standard Business Reporting to become mandatory in the Netherlands starting with Year-End 2016 Reporting

Standard Business Reporting (SBR) is a worldwide reporting standard that has now come to the Netherlands. What does this mean for your business? Read this blog post to learn more on SBR

Performance Management Reporting & Compliance


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Technology enables Integrated Reporting. Integrated Reporting enables Better Valuation (Part 2 of 2)

Read the second post on Integrated Reporting and learn more on the International <IR> Framework, produced by the IIRC, which defines a new direction for corporate reporting.

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Why Integrated Planning & Reporting?

Learn how to implement an integrated planning & reporting approach: start from changing people's mind-set, improve the process and adjust the systems to align people on plans.

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Technology enables Integrated Reporting. Integrated Reporting enables Better Valuation (Part 1 of 2)

Read Jyoti Banerjee perspective on Integrated Reporting and learn why it helps to communicate a clear picture of the value created.

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Reporting 3.0 - The future of corporate reporting

Learn the various perspectives on the direction of corporate reporting coming from the Reporting 3.0 conference.

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Gartner Solvency II Market Guide Shows There is Still (a little) Time to Prepare

The deadline for Solvency II compliance for EU insurers is January 2016. With time quickly running out to implement a solution before the deadline Gartner has just published a Market Guide that describes 20 vendors that provide Solvency II solutions

Performance Management Reporting & Compliance


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Interim Measures: We Won the First Challenge Together!

Last month the first official deadline of Solvency II challenged European insurances: they reported the data of December 2014 according to the Interim Measures.

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The Fine Art of Push Down

Many CFOs are looking for a faster and more value added reporting process. Faster access to relevant information enables the management team to take immediate corrective action where needed. Fast close projects generally focus on two mechanisms: more reliance on estimations in the month end close, and utilizing better technology to support the group reporting process.

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Integrated Reporting (IR)? No, Thanks I`ve got Other Priorities Right Now!

Let's think about this natural reaction some people may have when dealing with IR. There are two different barriers which prevent people from embracing IR: the hard barriers and the soft ones.

Reporting & Compliance


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How to Be All the CFO You Can Be (or Want to Be)

What it takes to be one, and why your company needs you to take on a bigger role: progressive thinker, tech innovator, and strategic partner

Performance Management Business Intelligence & Analytics Cloud Reporting & Compliance


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CFOs and CIOs Differ on Perception of Cloud and Finance

The differing perspectives of Finance and IT in the recent research by Saugatuck Technology

Cloud Consolidation & Closing Reporting & Compliance


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Never Walk Alone the Integrated Reporting (<IR>) journey!

<IR >is a never ending journey which can be sped up if the different experiences are shared by the participants from different industries and countries.

Reporting & Compliance


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From Pre-Financial to Financial Information: a Different Perspective

Pre-financial information are strategic: their relevance is very often underestimated by the company. Sooner than later these information will "evolve" into monetary items affecting the company net result.

Reporting & Compliance


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How Can CFOs Get All of the Finance Function on the ‘Same Page’?

It is fascinating to note how often the corporate reporting process stumbles at the last hurdle. Despite the considerable effort expended on managing data quality, improving collaboration and honing the financial consolidation process many of the hard won efficiency gains are frittered away because historic approaches to the process ignore the vital last step of final report creation.

Performance Management Disclosure Management Reporting & Compliance


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Only 10% of Companies Are Prepared for Non-Financial Reporting Directives. Are you?

Despite the mounting volume of financial information published by companies in their Annual Reports and Accounts, there is a growing recognition that financial disclosures on their own do not tell the full story about an organization’s health or its prospects for growth and success.

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Solvency II – It’s Only Disclosure Management, so Why All the Fuss?

The EU Solvency II Directive (the insurance industry equivalent of Basel II for banks) seeks to harmonise EU insurance regulation and protect the public by reducing the risk of insolvency. Affected EU direct life and non-life insurance and reinsurance companies will, effective as of 1st January 2016, be governed as to the amount of capital that the company must hold.

Reporting & Compliance


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2015 Banking Regulatory Outlook

For banks and other financial institutions, 2015 promises to be another challenging year of implementing financial reforms required by regulators. A number of these challenges were highlighted in a January 7th article on the 2015 Banking Regulatory Outlook published in Bank Systems and Technology.

Performance Management Reporting & Compliance


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Reporting Beyond the Financials

When it comes to reporting, it seems like the CFO’s job is never done. Increasing information demands from internal stakeholders are causing Finance departments to provide more frequent and detailed financial and operational reports and KPIs to line of business managers.

Performance Management Reporting & Compliance


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Getting Ready for Solvency II – The Time is Now

European insurers face many issues that need to be resolved before adoption of Solvency II in January 2016. A significant amount of work is needed between now and 2016 to address preparedness across all three pillars, with action needed especially for Solvency II, Pillar 3 Reporting.

Reporting & Compliance


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Why Smart CFOs Pay Attention to "Non-Financials"

Measuring digital transformation is challenging. CFOs will need to be prepared to build new metrics, risk and performance measures in order to give a complete picture of the health of the business and its prospects for growth.

Performance Management Reporting & Compliance


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Banks Use Targeted Applications to Keep Up with Regulatory Demands

There is probably no industry that has more financial regulatory reporting requirements than banks. Regulations in the banking industry have increased significantly since the financial crisis, and the cost and time resources associated with keeping in line with these rules have left many firms scrambling.

Reporting & Compliance Financial Services


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EIOPA Solvency II Rules May Lead to New Opportunities

This year will be a busy year for the insurance industry as it makes sure it is fully compliant with Solvency II regulations by January 2016 - and for some insurers it will be a case of deciding whether to withdraw from an entire class of business or a territory. Not a trivial decision.

Reporting & Compliance


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New Year, New Rules - Solvency II

The implementation date for Solvency II is set for January 2016. Addressing and automating Solvency II compliance should be a New Year’s resolution for all insurance companies. Learn how to be compliant with Solvency II.

Reporting & Compliance Financial Services


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The Journey to Integrated Reporting

Integrated reporting builds on the existing financial reporting model to incorporate non-financial information that can help stakeholders (internal and external) understand how a company creates and sustains value over the long term. There is no single path to an integrated reporting implementation. However, there are stages in the journey that are common to most companies.

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Tagetik Wins Ventana Technology Innovation Award for the Office of Finance

Tagetik recently received the Technology Innovative Award for the Office of Finance from Ventana Research for our Collaborative Disclosure Management solution (CDM). According to Ventana, the award is designed to: “recognize pioneers that have developed clear visionary and transformative technology that can be used to drive improved efficiency and productivity as well as the outcomes and performance of an organization.”

Consolidation & Closing Disclosure Management Reporting & Compliance


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The Dream of Unifying IFRS and GAAP is Dead

While a grandiose and well-intended idea, the idea of the US joining the IASB and creating one IFRS accounting standard is dead.

Reporting & Compliance


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What if Golfers used GAAP to keep their scores?

GAAP reporting doesn’t provide the real information that investors need to truly reflect the value of a company. Integrated Reporting steps in to cover the weaknesses of US GAAP.

Reporting & Compliance


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5 Considerations for Selecting a Collaborative Reporting Software Solution

The reporting process for most companies remains largely manual, hugely time-consuming and error-prone. Automated collaborative reporting yields many significant and immediate benefits, including increased productivity, better accuracy and compressed reporting cycles.

Performance Management Reporting & Compliance


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The seven magic ingredients of Integrated Reporting

One of the most inspiring insights of the INTEGRATED REPORTING (IR) framework is the set of guiding principles. Let's start to analyze the first one: Strategic focus and future orientation.

Reporting & Compliance


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Increasing Company Value with Integrated Reporting

The Integrated Reporting (IR) is the new way to provide a concise communication of how the company is increasing the value of its capitals in a sustainable way.

Reporting & Compliance


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Completing the Picture - The CFO’s ever changing, and increasing, reporting responsibility

Creating the capability to deliver the necessary reports and documents is posing more questions than answers in organisations around the world. More and more is being asked of the once humble but critical Office of Finance (OoF) and people and organisations must adapt in order to manage in the face of increasing demands to produce the goods.

Reporting & Compliance


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Corporate Reporting: Changing the Focus From a “Necessary Evil” to Delivering Business Value

The current corporate reporting framework needs to evolve to reflect the wide range of factors that affect corporate performance. The current focus on an organization’s financial statements is insufficient to provide a positive answer to the critical question: “what is the value of the organization?” Financial reporting covers both financial performance and risk, and this will remain an important part of the corporate reporting scope. It is, however, insufficient by itself to provide all the information users now need for informed, rational, and high quality decision-making.

Reporting & Compliance


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Can increased regulatory reporting requirements actually benefit Finance? Yes, they can.

Regulatory reporting requirements are something all industries have to contend with. This is especially true for financial institutions; FinRep, CoRep and Pillar 3 of Solvency II are the most recent examples that banking and insurance companies need to comply with.

Reporting & Compliance Financial Services


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