Statutory reporting softwareGlobal disclosure management software to standardise and automate global financial statement preparation
Content-based statutory reporting software with centralised control
Today’s global financial reporting landscape requires you to quickly and accurately prepare statutory reporting obligations, but requirements for submitting financial reports can vary widely from country to country. Thomson Reuters ONESOURCE Statutory Reporting is leading cloud-based disclosure management software, helping you remain compliant in over 45 jurisdictions.
Whether you are an organisation looking to centralise your statutory reporting process through a shared service centre, maintain it in-country, or take a hybrid approach, ONESOURCE Statutory Reporting software is a global platform that supports you locally with local language, country-specific reporting templates, and timely best-practice content updates from Big Four accounting firms and in-house content experts. Create consistency across your process with centralised data capture and standardised sets of accounts, accessible from any location.
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Why use ONESOURCE Statutory Reporting software?
Best Practice content
Access local language, best practice, country-specific reporting templates and content updates.
One-click
translation
Machine translation service allows for software and reports to be translated quickly and simply into English.
Automated processes
Save time with automatic updates using the power of cloud technology, and increase accuracy with automatic rounding, numbering, referencing, and roll-forward processes.
GAAP to
STAT walk
Load general ledger data in multiple formats, with audit trails for all sources, to make easy statutory adjustments.
Complete
audit trail
Substantiate your reports with standard workpapers, providing a full audit trail.
Access
data quickly
Spend less time managing data and fixing errors. Enter data just once and see it flow automatically to all relevant reports.
Does your company carry out statutory reporting in a Shared-Service Centre of Excellence?
Wherever you are in your journey towards financial transformation, ONESOURCE Statutory Reporting gives you flexibility with your operational delivery model whilst driving standardisation, efficiency and control.
Learn moreHear it from a customer:
“Before, a business would pay very expensive local statutory reporting experts for a greater portion of the compliance process. But now, we only need experts to look at the filing at the end because all the other accounting is more generic and can be done by central teams.”
Read case study
Related resources
Browse our resources to learn what the challenges of financial reporting mean for your organisation, and the benefits of moving to a harmonised solution.
Why one global company chose ONESOURCE Statutory Reporting
Discover how the significant geographical coverage of ONESOURCE Statutory Reporting helps TMF Group meet the compliance requirements of their customers around the globe.
Watch now
Solve the last mile of statutory reporting
After standardising certain finance functions and using Shared-service centres to centralise processes, learn how one multinational corporation improved their last mile of statutory reporting.
How the LEGO Group achieves its goals with ONESOURCE
For every entity, local statutory financial statements must be submitted in the local language and must meet the local reporting requirements as well as filing deadlines.
View Case studyFrequently asked questions
ONESOURCE Statutory Reporting is a premier cloud-based software solution for disclosure management — helping companies to remain compliant in over 45+ countries. It empowers organisations to streamline the preparation of their statutory financial statements by automating processes and providing best-practice, country-specific content in the UK and worldwide.
Companies use our ONESOURCE Statutory Reporting software in various industries, including retail, manufacturing, technology, energy, and more. Customers range from small businesses to multinational organisations. Through its translation capabilities, international companies can use it regardless of whether they produce financial statements centrally in a shared service centre or centre of excellence, locally within a country, or through a hybrid model combining both approaches.
By automating tasks and standardising the process, ONESOURCE Statutory Reporting saves you data preparation time, reduces filing and submission errors, and enhances the accuracy of your financial reports - which helps you to stay compliant. The centrally stored data serves as a single source of truth across the organisation, while one-click translation functionality supports the drafting of financial statements for non-native non-local language speakers.
ONESOURCE Statutory Reporting seamlessly integrates with your current accounting system and other in-house software by leveraging APIs, reducing the need for manual data entry. It includes built-in validation checks, such as ensuring supporting notes align with primary statements, to uphold the accuracy of financial data used in your statutory reports.
Yes, for organisations centralising their financial reporting processes in shared service centres (SSC), ONESOURCE Statutory Reporting offers best-practice, country-specific content for over 45 countries to assist in local compliance. Our one-click translation feature enables the translation of locally required language content into English to assist non-native speakers in preparing financial statements. Centralised data storage ensures a unified source of truth across the organisation, while ONESOURCE Workflow integration enhances process efficiency.
ONESOURCE Statutory Reporting leverages APIs to facilitate seamless integration with existing in-house software, enabling smooth data flow between them. Furthermore, it offers a direct connector with SAP for enhanced connectivity and efficiency.
XBRL (eXtensible Business Reporting Language) standards?
ONESOURCE Statutory Reporting is ideal for companies that need to adhere to XBRL standards. The provided standard content is pre-tagged, and the software can export your report in the correct XBRL format, ensuring it meets the specific tagging requirements for electronic filing with regulatory bodies. This eliminates the necessity for manual tagging or outsourcing of the process.
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