Too Much Time, Too Many Errors: the State of Financial ReportingGlobal benchmark study
Financial reporting teams are under more pressure than ever. With evolving regulations, increasing complexity, and persistent inefficiencies, many banks are struggling to keep up.
Our latest research reveals that over half of financial professionals are concerned about the impact of regulatory changes on their reporting capabilities – yet outdated systems and manual processes remain a widespread issue.
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Manual processes, regulatory gaps, and inefficiencies are holding banks back
This report uncovers the gaps, challenges, and opportunities in financial reporting today, offering practical insights to help institutions streamline workflows, reduce errors, and strengthen compliance. Whether you’re facing bottlenecks in manual data collection, struggling with disconnected systems, or trying to balance accuracy with speed, this report provides data-backed solutions to enhance your reporting strategy.
Addressing data management and workflow inefficiencies
Managing resource constraints effectively
Preventing common reporting errors
Navigating regulatory complexities
Adapting to new business needs
Unlocking Smarter Financial Reporting
Gain the Insights You Need to Optimize Efficiency, Transparency, and Agility
Banks are under increasing pressure to enhance financial reporting processes while keeping up with regulatory changes. This report dives into the inefficiencies, risks, and opportunities within financial reporting – helping you streamline operations, strengthen compliance, and future-proof your strategy.
- Identify inefficiencies in data management and workflows to improve operational speed and accuracy.
- Understand the hidden costs of excessive manual processes and how automation can drive efficiency.
- Learn how to optimize financial reporting teams and allocate resources more effectively.
- Discover the biggest reporting errors and how to mitigate risks before they escalate.
- Explore best practices for staying agile in an evolving financial landscape.
- Backed by data, this report highlights trends, challenges, and strategies to improve your reporting function.
Workiva Inc. (NYSE: WK) is on a mission to power transparent reporting for a better world. We build and deliver the world’s leading cloud platform for assured integrated reporting to meet stakeholder demands for action, transparency, and disclosure of financial and non-financial data. Workiva offers the only unified SaaS platform that brings customers’ financial, sustainability, and governance, risk, and compliance (GRC) data and reporting together in a controlled, secure, audit-ready platform. Our platform simplifies the most complex reporting and disclosure challenges by streamlining processes, connecting data and teams, and ensuring consistency. Learn more at workiva.com.
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