With an integrated Environmental, Social, and Governance (ESG) reporting software solution, you can give your organization a head start on compliance while maintaining the flexibility needed to respond quickly to changes in evolving reporting requirements.
Newly issued regulatory recommendations or mandates often lack specificity, and are subject to multiple iterations, causing companies to have to adapt each time an update is made.
Companies that choose to postpone adherence to guideline often don’t realize how much work it entails until it is too late. Additionally, delaying ESG reporting can put companies at risk of losing out on investment financing.
Gathering the data needed for ESG reporting will likely require establishing new reporting integrations or collaborating with a new team of internal stakeholders. Manually compiling data is error prone, posing a risk of non-compliance. This can have an impact on your firm’s ability to attract investment.
Create an environment to manage the ESG reporting process quickly and securely. Drive definition in the reporting process to help define data flow and identify which stakeholders will be engaged in each part of the report authoring and approval process. Provide a layer of security that allows access and editing capabilities to the appropriate parties.
Capture changes to data in real-time and update all relevant figures automatically. Adapt to changing reporting requirements with minimal effort.
Minimize the risk of manual entry by automating the creation and revision of financial disclosures, ensuring data collection is consistent across all report sections.
Financial professionals know the quarterly drill of yet another period close all too well. That’s when the disclosure process — that time-consuming, manual, error-prone proposition — takes center stage.
Compounding the challenge: Rule 405 of Regulation S-T — the Interactive Data Mandate — designed to modernize financial reporting for publicly traded companies. As a result, public companies are transitioning away from their outdated, pieced together processes and starting to file their documents and exhibits in eXtensible Business Reporting Language (XBRL) using new-breed disclosure management systems. With disclosure management systems, companies can benefit from centralized and standardized processes and tools to create complex reports and documents and comply with reporting requirements in multiple formats — all on a single platform.
"Simply put, Certent Disclosure Management gives us one version of the truth. CDM cuts out many stages of re-processing information that characterized our mainly manual, past processes.”
