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ONESOURCE Statutory reporting

Statutory reporting for finance shared service 

Standardizes the process of creating financial reports through a centralized platform ONESOURCE

Migrating statutory reporting and tax compliance into a shared service center 

Professionals who manage Finance Shared service centers are tasked with being profit centres, not just cost-centres. For companies that do business in many different jurisdictions or have uniquely complex regulatory reporting responsibilities, have a huge opportunity to leverage current investment and deliver an improved bottom line to the business. Centralizing financial reporting and tax compliance in shared service centers not only helps in reducing costs, but eliminates redundancies and drives leaner, standardized efficient processes

What benefits can you achieve?

Speed

Facilitates the completion of financial statements earlier in the financial process. Spend less time on data collection and managing multiple report iterations with auditors, which allows for quicker access to the data you need.

Finance transformation

With ONESOURCE, you have one provider for a standard process — a consistent, centralized platform for global control of your financial reporting.

Transition from GAAP to local statutory

Reconciling the walk from GAAP to local statutory is simpler than ever. Easily load General Ledger data in multiple formats with audit trails for all data sources.

Data management

Capture and store your data once to improve the quality of your reports and prevent re-keying errors. These include pre-linked disclosures, automated rounding, note/page number referencing, roll forward, linking data, pre-tagged XBRL reports, adding/removing/customizing disclosures quickly, and standard workpapers.

Reduce time and manual effort spent in data collection and iterations of reports

ONESOURCE Statutory reporting supports 45+ countries with local language*, country-specific reporting templates and regulations for each country.

Americas

Argentina*

Brazil*

Canada

Chile*

Colombia*

Mexico*

Peru*

Ecuador*

United States

Asia & Emerging Markets

Australia

China*

Hong Kong

India

Japan*

Malaysia

New Zealand

Philippines

Saudi Arabia*

Singapore

South Africa

South Korea*

Taiwan*

Vietnam*

UAE

Thailand*

Europe

Austria*

Belgium*

Czech Republic*

Denmark

Finland*

France*

Germany*

Hungary*

Ireland

Italy*

Luxembourg

Netherlands

Norway

Poland*

Portugal*

Russia*

Slovakia*

Spain*

Sweden*

Switzerland

Turkey*

United Kingdom

Romania*

Whitepaper

Why compliance belongs in shared service centres? 

Managing statutory reporting and tax in shared service centers

“Moving to a shared services environment...isn’t a choice anymore, you really have to scale your accounting control and compliance functions, you just cannot do them efficiently locally.”


Report

Global financial reporting and tax compliance in APAC finance shared service

Managing statutory reporting and tax in shared service centers

Insights from Asia finance practitioners’ on new areas and processes to drive savings, increase efficiencies and strengthen partnership with business to move up the value chain.

Ready to drive efficiencies with automated financial reporting?