Organizations have invested in sophisticated systems to record, close, and consolidate data—however, the data integrity and efficiency gains fall away when teams have to manually aggregate and update the data for statutory reporting. We have found that reporting teams typically fall into one of five stages of maturity based on their processes and patterns.
The maturity model for global statutory reporting is intended to help organizations assess their current capabilities and conceptualize their progress toward an ideal state.
This guide will help organizations to:
- Understand the role and scope of the global statutory reporting maturity model
- Assess its relevance and value to their organization
- Understand how to adapt its use to the specific needs of their organization at its current stage of development
- Use the framework to fulfill some basic tasks in the areas of developing and deploying best-of-class technologies
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