ONESOURCE Statutory Reporting
Global compliance and local content with centralised control
Enhance global efficiency and collaboration with cloud-based disclosure management software, offering standard templates for 45+ jurisdictions.
Standardise and scale
Leverage standard templates to reduce reliance on local expertise. Standardise with template hierarchy for control. Easily apply processes to new entities and jurisdictions.
Speed and efficiency
Enhance efficiency with automated tools. Complete reports faster with fewer iterations. Ensure transparency with full audit trails. Rely on quality data to reduce errors.
Collaborate
Use a cloud-based solution for flexible, global collaboration. Multi-user editing and review tools streamline processes. Real-time data access enhances teamwork.
Connect
Enable seamless data flow with APIs for analytics. Integrate effortlessly with ERP systems and the ONESOURCE suite for comprehensive functionality.
Content-based statutory reporting software with centralised control
Best-practice content
Access local language, best practice, country-specific reporting templates and content updates by leading experts.
Automation, where it matters
Save time with automatic updates and improve accuracy with automatic rounding, numbering, referencing, and roll-forward processes. Quickly and simply translate software and reports into English with our machine translation service.
Access data quickly
Spend less time managing data and fixing errors. Enter data just once and see it flow automatically to all relevant reports. Utilise APIs for seamless integration with third party tools.
Complete transparency
Collaborate effectively through multi-user editing, review comments and more. Substantiate your reports with standard workpapers, providing a full audit trail.
GAAP to STAT walk
Load general ledger data in multiple formats, with audit trails for all sources, to make easy statutory adjustments.
Centralised reporting
Utilise a centralised application to ensure consistent and controlled reporting across all entities. Benefit from connectivity with other ONESOURCE modules.
Talk to an expert
Are you prepared to simplify processes and ensure global compliance? Take the initial step towards efficient and compliant statutory reporting.
What do our customers think?
We chose ONESOURCE because we wanted to keep the process in-house and didn’t want to give up the knowledge and control of data. ONESOURCE allows us to be compliant with the local requirements because it has the content for full annual reports and content updates.
Ales Kacalek, Senior Manager, BSO Lego Group
Featured resources
Forrester Report
Thomson Reuters ONESOURCE Statutory Reporting achieves an ROI of up to 84% over three years, highlighting substantial cost savings and business benefits.
Webinar
From Burden to Opportunity: Tech-Driven Approaches to Statutory Financial Reporting.
Blog
Is Statutory Reporting Software Worth the Investment?
Frequently asked questions
Statutory reporting refers to the mandatory submission of –financial statements, disclosures and related information by companies to government authorities. This is governed by accounting laws/ regulations specific to each country. - Effective statutory reporting is crucial for maintaining regulatory compliance, building trust with stakeholders, and supporting informed decision-making by investors and other users of financial information.
The key components of statutory reports typically include Balance Sheet (Statement of Financial Position), Income Statement (Profit and Loss Statement), Cash Flow Statement, Statement of Changes in Equity, Notes to the Financial Statements, Directors’ Report, Auditor’s Report etc. The specific requirements may vary depending on the jurisdiction, applicable accounting standards (e.g., IFRS or GAAP), and the type of entity.
Statutory reporting is supported by financial reporting software and tools, which enhance accuracy and efficiency in preparing these essential documents.
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. Efficacy of your process is elevated through connectivity and collaboration tools.
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.
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Experience it for yourself
Schedule your demo today and take the initial step towards compliant statutory reporting.
Have questions? Contact a representative