With over 150 years of trusted content knowledge and our expert understanding of global trade, compliance, and regulatory requirements, Thomson Reuters understands that maintaining an impeccable corporate governance record in today’s complex environment can be extremely challenging. And that getting it wrong can be very costly.  The rapid increase in accessible data across disparate and […] … Read More

A recent report, by SSON Research & Analytics, commissioned by Thomson Reuters, found that while only 11% of those surveyed listed ‘cost’ as a concern, over half (53%) confirm that their businesses prioritise minimizing errors in their record-to-report processes. This emphasis on reliable, up-to-date data underscores the critical importance of accurate statutory reporting for corporate […] … Read More

In an era where corporate sustainability is not merely a buzzword but a business imperative, new reporting directives from the European Union (EU) pose significant challenges for companies aiming to maintain robust Environmental, Social, and Governance (ESG) compliance. The EU’s Corporate Sustainability Reporting Directive (CSRD) promotes transparency and accountability in the corporate world, but its […] … Read More

In the industries of business and finance, statutory reporting is a cornerstone of transparency and compliance. Statutory reporting is a critical process for multinational corporations, involving the preparation and submission of financial statements to comply with legal obligations across various jurisdictions. By engaging in statutory reporting, corporations avoid significant fines, maintain their financial accuracy, and […] … Read More

Statutory reporting processes can be painstaking to carry out manually. There is a diverse range of reporting requirements to consider and keep up with. When finance professionals handle these processes without the right elements of technology and automation, they take considerably longer to execute. To help provide finance professionals with a framework with which to […] … Read More

In the first part of this three-part series, we summarised the impact shared service centers can have for statutory reporting. In this post, we specify four ingredients that work together to deliver value. When it comes to handling statutory financial reporting efficiently, the finance operations of multinational firms tend to look for four essential ingredients: […] … Read More