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About ONESOURCE Statutory Reporting

ONESOURCE Statutory Reporting is a financial reporting product that standardizes the process of creating statutory financial reports through a centralized platform with a global function.
The product provides a standard global tool with the local language and local regulations for each country, ensuing customers meet local financial reporting obligation needs more efficiently and effectively.
Updates from trustworthy experts allow you to redirect time you'd normally spend on research, formatting, and burdensome manual work to a more value-added work.

3 pillars

The 3 pillars of ONESOURCE Statutory Reporting:
  1. Efficiency
     - The system makes you more efficient with:
    1. Predefined disclosures and regular content updates
    2. Automatic roll forward rounding and referencing
    3. Reports linking directly to captured data
  2. Control
     - The system gives you more control by providing:
    1. Consistency across reporting groups
    2. Central repository of data
    3. Supporting workpapers and audit trail
  3. Flexibility
     - The system gives you more flexibility by:
    1. Ability to add new and customize existing disclosures
    2. Providing standard building blocks for new disclosures

Statutory Reporting workflow

To control what information's pulled through into the statutory reports generated with the system, you'll access the workflow tabs in each entity financial period.
Some common workflow tabs include:
  • Period Setup
     - Control entity and financial period specific information.
  • Journals
     - Create, view, and modify journals for current period and prior comparative periods; create, view, and delete trial balance imports.
  • Reports
     - Review workpapers, customize, and complete reports.
  • Administration
     - Manage workflow navigation and view the Audit log.

This article applies to:

  • PRODUCT: ONESOURCE Statutory Reporting