ONESOURCE Statutory Reporting

The future of statutory reporting

Harness the power of cloud technology for statutory reporting, everywhere you operate

Learn more about ONESOURCE Statutory Reporting

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Compliance

ONESOURCE Statutory Reporting is designed to solve your compliance challenges by automating complex reporting tasks and providing extensive, up-to-date content. This ensures you stay compliant with local regulations effortlessly.

  • Global coverage: With support for over 45 countries, it simplifies reporting across multiple regions, saving you time and reducing errors.
  • Local compliance: Adheres to local GAAP and reporting languages, translating into English when needed, streamlining your reporting process.
  • Comprehensive automation: Enhances efficiency and accuracy with features like automatic rounding, note and page numbering, and pre-tagged XBRL reports.
  • Content updates: Regular updates from top firms and experts ensure your reports are always current, allowing you to customise disclosures as needed. 

This tool is invaluable for ensuring compliance and simplifying your reporting workload, making it worth your time to understand and implement.

Connectivity

  • Cloud technology: ONESOURCE Statutory Reporting offers anytime, anywhere access, enhancing flexibility and enabling global collaboration. Instant content updates keep your organisation current.
  • Improved transparency: Streamline account sign-offs and reduce iterations with a comprehensive audit trail, ensuring clear and accurate reporting.
  • API-enabled: Seamlessly integrate third-party systems and ERPs, including SAP S/4 HANA, to streamline data flow and boost efficiency.
  • Platform advantage: Connect with ONESOURCE Workpapers for end-to-end automation, improving accuracy and coordination.

This tool is invaluable for enhancing flexibility, transparency, and efficiency in your reporting processes.


 

Talk to an expert

Take the initial step towards efficient and compliant statutory reporting.


 

Change

ONESOURCE Statutory Reporting enhances collaboration with integrated workflows, task management, and email notifications. Multi-user editing and review functionalities streamline your reporting process and boost teamwork.

  • Efficient process: ONESOURCE Statutory Reporting reduces time spent on data gathering and report revisions, accelerating access to crucial information and expediting the financial process.
  • Stay ahead of the curve: Centralise data capture and formatting with ONESOURCE Statutory Reporting to maintain content integrity across entities, creating a single source of truth and reducing errors.  
  • Transform: ONESOURCE Statutory Reporting offers a unified platform with global templates and translation tools to optimise operations. This industry-leading technology helps attract and retain top talent.

This tool is invaluable for improving collaboration, efficiency, and consistency in your financial reporting.

Frequently asked questions

What is Thomson Reuters ONESOURCE Statutory Reporting?

ONESOURCE Statutory Reporting is a leading cloud-based software  for global disclosure management — helping companies to remain compliant in over 45 countries. It empowers organisations to streamline the preparation of their statutory financial statements and notes/ disclosures by automating processes and providing best-practice, country-specific content throughout Australia, New Zealand, Europe, Asia, - the Americas and South Africa.
How can customers ensure auditors accept financial statements prepared with technology solutions?

When choosing a statutory reporting solution, it's important to look for features like compliance with accounting standards, strong internal control capabilities, and customizable reporting options to meet diverse auditor preferences. Customers often raise objections about compatibility with existing systems and the potential for increased audit scrutiny. To address these concerns, ensure the solution offers seamless integration, robust documentation features, and training support.
How does ONESOURCE Statutory Reporting allow companies to comply with 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.
How does ONESOURCE Statutory Reporting integrate with other accounting software?

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.