STATUTORY REPORTING SOFTWARE

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GLOBAL STATUTORY COMPLIANCE

Stay in control of your financial reports.

With Workiva, you can streamline and standardise corporate and local level statutory reports in one central platform that provides the visibility and consistency controllers crave. Reduce risk while gaining transparency, traceability, and control of financial and non-financial data across dozens of legal entities and subsidiaries—with embedded translation capabilities to ease collaboration across borders.

Data consistency

Automatically connect data from source systems to our statutory reporting platform, which serves as a single source of truth so everyone has the latest information.

Global visibility

From a single dashboard, track the status of statutory reports by business unit or legal entity to see what’s on schedule and what’s at risk.

Controlled collaboration

Be ready for growth with an agile reporting infrastructure that adapts to your needs and reduces duplicative work for tax, ESG and financial reporting teams.

Standardise data collection and transformation

Workiva helps teams spend less time chasing the same data and more time focusing on meeting local statutory reporting requirements. Share data across teams for compliance with mandates, including the CSRD and Country-By-Country Reporting Directive in the European Union.

Connect ERP and consolidation tools to the Workiva platform to automatically pull ledger data into global statutory reports
Collaborate in the cloud, so everyone has access to the most recent version
Build reusable templates to bring consistency to financial statements
Roll forward easily from one reporting period to the next with less copying and pasting
Add XBRL® tags to critical data points without leaving the platform

Localise when needed

Make sure teams are in compliance with statutory reporting regulations in local jurisdictions while staying connected to the home office.

Monitor the status of statutory reports by entity from one dashboard that enables you to drill down to access local documents
Streamline workflows with entity-specific checklists of statutory reporting procedures, with owners, reviewers, approvers and due dates assigned
Link data across tables and footnote narrative to ensure data integrity and accuracy
Turn on translation capabilities to facilitate reviews by a home office, corporate headquarters or shared service center
The Workiva platform automatically accounts for local differences like language and currency

Simplify audits and reviews

Shave hours from the review cycle with features that make it easier to trust your data.

By linking common data across global statutory reports, your reviewers can trace information back to the source
Attach supporting evidence to spreadsheet cells or paragraphs where support is needed
Insert comment threads where teams can ask and answer questions directly within the document instead of buried in email chains
Control who has access to edit a specific spreadsheet cell or tab, section of a document or slide within a presentation
Click a button to see an automatic audit trail of revisions, and toggle on an overlay to quickly see who made those changes
Use blacklines to quickly compare what has changed between two points in time

Don’t stop there. Simplify more with Workiva.

Insurance

SEC Reporting

Internal Controls Management

Financial Statement Automation

Banking

Investments

See how Fexco saved 1,000 hours in 12 weeks.

There’s a reason this fintech’s search for statutory reporting software ended at Workiva.

Discover the Details

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Yep, the technology is pretty amazing. But there’s a whole family of resources here to tailor for your specific needs.

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The reviews are in—users love our accounting and finance platform.

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Some statutory reporting software resources you may like:

Implementing the Global Statutory Reporting Maturity Model

Workiva’s maturity model for global statutory reporting is intended to help organizations assess their current capabilities and conceptualize their progress toward an ideal state of multi-entity reporting. Use this guide to rate your statutory reporting process—and learn how to reach the next level.

Download now

guide to financial automation with the Workiva platform

The Controller’s Guide to Finance Automation

Discover how to identify key areas of weakness throughout your financial reporting processes, and how and when these can be addressed using automation in accounting and finance to help your organization.

Read e-book

An Introduction to the CSRD

To many, the CSRD will be a game changer in ESG reporting. But what is it, who will it affect, and when does it come into force? This introduction breaks it all down.