How big companies save

Find out how Fortune 500 companies use regular reporting to save 33% of their time.

When done right, reporting bridges gaps in communication between financial institutions and their stakeholders (for financial reporting) and regulatory bodies (for regulatory reporting). Financial reporting reporting forms the basis of regulatory reporting, meaning that regardless of its audience, both activities rely on the same principle of gathering and communicating information effectively and, ideally, at a minimal cost.
 
A smart strategy put in place to survive and win in the new regulatory environment is effectively all about data: sourcing it, managing it and processing it. On top of the sheer quantity of data reporting now required, the amount of data communicated to regulators and the frequency of communication has also spiked.
 
This is not surprising. Over the last two decades, with the increasing globalization of capital markets, investors and regulators have steadily become far more demanding in terms of the information needed from both managers of publicly listed corporations as well as managers of investment funds. On the positive side, the data requests required by each new regulation from different regulators in different jurisdictions are not entirely unique. Diverse filing requirements involve significant areas of overlap but also many differences, making managing reporting to separate jurisdictions a complex job. Effectively, little is brand new about data requests from regulators — there are now simply a lot more requests about a lot more data.