Challenges for Financial Reporting

Today’s economic and regulatory climate has put the financial reporting function in a classic squeeze. On the one hand, Management is asking every part of the organization to do more with less. This means that Controllers have less resources and IT has less resources. On the other hand, Senior Management, Directors, Regulators and Shareholders are seeking increased accuracy, speed and transparency in both internal and external financial reporting. The continuation of merger and acquisition activity puts an additional strain on those affected by enterprise reporting.

ControllerView®
Enterprise-wide Solution for Regulatory Reporting and Financial Control

ControllerView® offers exceptional value in satisfying the increasing demands of financial and regulatory reporting. In most cases, it also reduces the human and technical resources that are currently dedicated to this function. ControllerView® serves as a complete financial reporting infrastructure which provides an automated, structured and organized workflow environment. Our clients have used this solution to satisfy both domestic and foreign regulatory and management reporting requirements. ControllerView® has also improved the accuracy, speed and transparency of reports, while also improving the efficiency of each organization that uses it. Our clients also get to “be home on-time” even during the heaviest reporting season. ControllerView® ensures confidence among users, regulators, auditors and management.

ControllerView® benefits:

• Fully automates source data integration, loading and report production environment
• Full report coverage for regulatory authorities in United States and worldwide including: US (FEDERAL RESERVE, TIC, SEC, and OFFSHORE REGULATORS) and (i.e. BOE, FSA, DNB, JAPAN FSA, RBA, MAS, etc.)
• Full compliance with Basle II Pillar 2 & 3 audit and reporting requirements for Pillar 1 Solution (please see Basel II in Solutions)
• ControllerView® is recognized by the Bank of England for electronic submission
• Quickly create any new or ad-hoc report using Visual Business Rules
• Consistency across all daily, weekly, monthly, quarterly and annual reports
• Reconciliation of reports to underlying GL and transactional systems
• Time saving during audit preparation process
• Detailed audit documentation for all reports and periods
• Generate all branch locations reports in a single run
• Easily accommodate changes in regulations, business or technology
• No technical knowledge required to operate system
• Superior Total Life Cost of Ownership Competitive Value
• Web enabled technology

ControllerView® key features:

• Integrate all transactional and accounting systems (including multiple GL systems)
• Reporting Logic available to Business users for modifications and development of new reporting requirements using Visual Business Rules (No technical knowledge or programming needed)
• Dynamic Data Warehouse for storage and archival of reports for past audit periods
• Online Drill down any report by any detail available for analysis and reporting
• Instant validation of each report line down to transaction/account level
• Seamless export to MS-Excel, built-in spreadsheet and other reporting environments
• Built-in ad-hoc report writer, including Trial Balance and ledger reporting
• Complete transparency of source and resultant data satisfy the most rigorous audit requirements
• Manual data entry and adjustments in a highly secure environment with full log of history
• Multi GAAP
• FASB 133, IAS 39, BIS II standards compliance and reporting
• Powerful 3D graphics for visualization of results
• Multiple chart of accounts support
• Web Access to reports for electronic submission
• Netting Management: provides the ability to define both simple and complex netting rules and reserves
• Business Day Accounting: allows you to define business days according to local requirements
• Full Multi Currency and Home Currency Conversions