Consulting for External Reporting: cundus Disclosure Management
Challenges for external reporting
The growing pressure involved in entering, preparing and publishing financial data presents ever greater challenges to companies around the world. There also tougher requirements set by national and international authorities, regulators and stakeholders as part of electronic reporting. The situation is further complicated by the pressures of cost, time and scarce resources, as well as more stringent requirements regarding data quality and compliance. cundus provides support and consulting services to your company in all areas of disclosure management, enabling you to meet these challenges successfully.
Holistic consulting for financial and company data reporting
With comprehensive project experience, highly-developed professional competence and substantial technical expertise, cundus has not only developed high-performance tools that are SAP certified and that complement the SAP EPM portfolio – it is also able to support your company in optimizing the implementation of standard solutions for
Stakeholder and external reporting (last mile reporting) based SAP Disclosure Management
- Updating and generating annual, additional, supervisory board, status and sustainability reporting on a workflow basis
- Minimizing the risk of errors, reducing the audit trail and the amount of time and effort, status monitoring
XBRL/iXBRL reporting based on SAP BusinessObjects XBRL/iXBRL Publishing powered by EdgarOnline
- Automating the electronic financial reporting to tax authorities (German tax office, British HMRC etc.) for the central tax departments of company groups
- US SEC: 20-F, 10-K and 10-Q reports; EU regulatory agencies (BaFin, CEBS, CEIOPS) and Federal Gazette reporting: Taxonomy adjustment and extension, generating and va-lidating XBRL/iXBRL reports
Consistent and audit-proof concern reporting package for subsidiaries based on SAP Notes Management
- To collate, aggregate and report on IFRS/local GAAP notes, investment and sustainability information, as well as on information about the subsidiaries’ corporate responsibility
- Replacing the inconsistent Excel-based reporting package throughout the company hierarchy
Consulting services and Best Practice for cundus Disclosure Management
- Cost-effectiveness/ROI analyses
- Feasibility studies/test installation
- Professional consulting and target concept
- Solution design and conception of an indi-vidual solution architecture
- Conducting training programs and work-shops
- Implementing and customizing standard software
- Project management
- User training and support
- Go Live and hypercare support
Business value: cundus as a competent partner for Disclosure Management
Targeted consulting related to the disclosure process
- Increased data quality and minimized risk of error
- Reduction in time and effort required
- Audit compliancy
- Status and process monitoring
Comprehensive professional skills
- Many years of know-how and comprehensive project experience in optimizing processes for internal and external reporting
- Experience in national and international accounting
- Close cooperation with the International Accounting Standards Board (IASB)
Substantial technical expertise
- Development of the standard software contained in cundus Disclosure Man-agement in cooperation with reputable customers
- Many years of partnership with SAP and comprehensive knowledge of SAP software solutions
- Membership of XBRL/iXBRL Germany and XBRL/iXBRL International
- Membership of the XBRL/iXBRL Quality Review Team of the IFRS Foundation
High-quality consulting and short project runtimes
- A holistic approach to consulting from project conception to operational imple-mentation
- Comprehensive experience from numerous projects
- Tried and tested cundus procedure model
