Whether large or small, most businesses find financial reporting a major chore. Often significant time and attention must be spent to make sure financial information is accurate, reliable, and supportable.
Cut down on the complications associated with financial reporting. Whether you need to be in compliance with US GAAP, IFRS or Canadian ASPE, our financial reporting solution enables you to produce camera-ready financial statements immediately after you’ve imported your trial balance data.
With CaseWare’s straightforward to use tools and templates, you can create financial statements simply, with the confidence that any adjusting journal entries that you make will update all documentation accordingly. You can also easily drill-down into data and easily provide support materials through links to relevant documentation.
Financials’ flexibility also allows you to create company-approved customized financial statements and reports to cut-down on workload and ensure consistency year-over-year and across reporting entities.
Identify and apply organizational standards across all financial statements and reports to ensure consistency and quality.
Simplify reporting process by leveraging CaseWare’s library of ancillary materials, including standard notes based on best practices.
Reduce staff workload by automatically generating draft financial statements for your review and adjustment
Changes automatically flow to linked documents – reducing the risk of data inconsistencies.
Save Time with Customizable Tools and Templates
Creating financial reports can be an arduous process, particularly for large organizations with complex operations.
Significantly cut down on the time and effort involved in financial reporting processes by leveraging template financial statements and reports. Draw from a library of ancillary materials, such as standard notes based on leading practices, and with easy customization options, you can ensure consistency across all your files.
Reduce the Risk of Errors
Managing the risk of errors is a significant challenge for any organization that provides public financial reports or that conducts consolidated reporting.
CaseWare’s financial reporting solutions are linked to CaseWare Working Papers – connecting your data directly to your reports. As you populate information, the data flows to all appropriate reports without the need for manual transcription. Financial reports are always up-to-date, accurate, and when adjusting journal entries are made, there is no risk associated with the data not being integrated in the financial statements.
Ensure Continuity Across Financial Statements
Financial statement preparation requires a significant degree of accuracy and the use of common metrics and rounding principles. However, it can be easy to make mistakes, particularly when more than one individual is involved.
Our solution provides continuity for financial statements, giving you confidence that the same calculations and metrics are being used each time you prepare a report. As all reports in Working Papers draw data from the same source, there is also continuity across all identified outputs.
Integrate Standards For All Financial Reports
Every organization has its own look and feel, brand style and approved formats.
CaseWare’s financial reporting solutions are highly flexible, giving you the ability to apply your corporate standards across all of the materials that you develop. These standards can be locked-in to ensure that content creators adhere to specified requirements without the need for significant verification.
Enhance Quality While Decreasing Review Time
When producing financial statements, businesses typically spend a considerable amount of time conducting a quality review to ensure there are no spelling errors, and that page numbers, headers, footers and references are all consistent.
With Financials, this significant administrative task is automated, with tools that automatically update financial statements and reports to ensure consistency across all references and numbering. Rather than spending time ensuring the numbering of your notes is consistent, you can focus on higher-value quality review activities.
Leverage Leading Practice Materials
Small and medium sized businesses can be hampered by the need to develop financial reports without significant experience and understanding of leading practices.
Caseware’s solutions, enable you to maintain up to date templates and tools that ensure you are always in compliance with new reporting standards and practices. CaseWare recognizes that organizations have different needs. It includes a range of best in class examples and template reporting materials that you can tailor to the needs of your industry or organization.