Thomson Reuters unveiled a new collaboration today which will see Deloitte become an implementer for Thomson Reuters market-leading ONESOURCE Statutory Reporting software to assist finance departments streamline financial reporting processes, helping them to save time, improve accuracy and remain compliant.

The collaboration is an extension of Thomson Reuters expanding global relationship with Deloitte and a first of its kind in the Australian market. It comes at a time when Australian multi-national corporations are subject to a wide raft of new compliance requirements. In addition, a recent global survey [1] of finance professionals also revealed they are mired in worry around how systems and processes can keep pace with the rate of change in the business, yet many finance leaders are skeptical of statutory reporting in enterprise organisations becoming fully automated by 2020.

Through the collaboration Australian corporations will be provided with accounting and technical expertise, and the technology platform to solve the complexity of corporate reporting at a granular level.

Driving efficiency throughout the statutory reporting process, ONESOURCE Statutory Reporting provides the finance team a centralised platform to standardise the process of creating statutory financial reports. With local language capability, compliant reporting templates and content updates from the Big 4 for over 30 countries, ONESOURCE Statutory Reporting ensures finance teams meet their local compliance needs more efficiently and effectively.

Source: Thomson Reuters Press Release