Streamlining Statutory Reporting
Friday 18 August 2023
Mecklemore has supported several clients in successfully streamlining their statutory and regulatory reporting processes using Oracle's Narrative Reporting. Clients include ASX-listed entities and multinationals in regulated industries. We take a collaborative approach to building the functionality and in-house skills to enable seamless reporting directly from the source, which results in an efficient reporting process, audibility, and inherent trust in reported numbers.
Clients have benefitted from automated report creation that reduces the time and effort required to roll forward to the next reporting period. Once the initial report package has been created, controls are put in place to minimise effort for future reporting. Data is linked directly to the source, so minimal manipulation is required before results are presented. This enables businesses to focus on analysing data rather than collecting and collating it.
Due to the nature of Narrative Reporting, there is enhanced collaboration, allowing colleagues or teams to work simultaneously, share information and feedback, and ensure everyone is on the same page. Processes allow for in-built authored content, reviews by managers, and approvals by relevant stakeholders.
Clients can customise reports to meet internal and external reporting requirements. Styling can be managed centrally using style sample functionality. Getting this right upfront is a key element for seamless, tailored reporting.
Our clients have found Narrative Reporting to be a powerful cloud-based solution that improves automation, collaboration, accuracy and compliance.
Testimonials:
"Once again, Team Mecklemore has been instrumental in the successful delivery of our annual results. From the initial setup of the reporting package to working side-by-side with our team (including during critical weekends), mecklemore has been a reliable partner for every step along the way." Gary Doree, Group Financial Controller
"Mecklemore was highly responsive and supportive throughout our statutory reporting process. This diligent and collaborative approach and a continued focus on improvements made a huge difference during a busy reporting period. Thank you." Elaine Loo, Financial Reporting Manager
Contact our team to learn more about Narrative Reporting for statutory, regulatory, and management reporting and to explore reporting cycle efficiencies for your organisation.
