Forrester Consulting Total Economic Impact™ StudyDiscover what the Forrester Total Economic Impact™ study revealed about the ROI on statutory reporting automation
Global organisations must uphold their statutory financial reporting responsibilities, managing unique and evolving regulations and disclosures across multiple jurisdictions. A disclosure management software solution like Thomson Reuters ONESOURCE Statutory Reporting allows global companies to streamline and standardise their financial statements and disclosures, and remain compliant in over 45 jurisdictions. When considering an investment in this type of technology, it’s critical to have a clear understanding of the potential cost savings, business benefits and ROI.
Forrester Total Economic Impact™ (TEI) Study
A commissioned study conducted by Forrester Consulting on behalf of Thomson Reuters evaluates the impact that ONESOURCE Statutory Reporting technology can have on an organisation. This study provides a Total Economic Impact™ framework for organisations considering an investment in ONESOURCE Statutory Reporting software.
By identifying the cost, benefits, flexibility and risks that would affect the investment decision, this study enhances the technology decision-making processes and helps companies demonstrate and justify the value of IT initiatives to senior management and other key business stakeholders.
After interviewing leaders from four organisations with experience using ONESOURCE Statutory Reporting technology and subsequent financial analysis, Forrester found that a composite organisation was able to achieve the following:
- 68% Efficiency gains
- $661K Net present value (Total Benefits – Total Costs)
- 84% Return on investment