Centralising Statutory Reporting: A Practical Guide to the Benefits, Challenges and Next-Steps
Learn how ABB are driving strategic value, navigating choppy compliance waters and improving accuracy in statutory reporting
Join SSON's webinar with ABB & Thomson Reuters on Centralising Statutory Reporting: A Practical Guide to the Benefits, Challenges and Next-Steps
As the numbers of shared service centres continue to expand, so does the scope of their processes (77% of SSO/GBS planning to expand their scope next year), with record-to-report in the top three processes most commonly covered. In a recent survey with SSON Research & Analytics, nearly 70% of respondents were already managing some form of reporting through a centralised approach and another 20% plan to move that way in the future.
The benefits to centralising statutory reporting are vast. They include improved accuracy and consistency, enhanced compliance, risk mitigation, increased efficiency and of course cost-savings. Centralising statutory reporting also allows GBS to provide unheard of strategic insight, positioning themselves as crucial insight engines to the C-Suite. However, the journey is not without challenges. In this webinar we’ll break down the pre-requisites for centralising reporting, the technology that can help and the factors which make implementation a success. We'll hear from ABB on their journey to centralise statutory reporting, how they got the buy-in, the steps to transformation and how technology played a role.
Attendees to this webinar will learn more about:
- How ABB have centralised statutory reporting, managing global reporting and lessons learned during the transformation.
- The effort needed and specific challenges of centralising statutory reporting (and how to overcome them)
- Resourcing explained: Competencies, activities and scope-of work
- Balancing global and local requirements: When do you flex?
- Risks: The risks associated with centralising statutory reporting that you must be aware of
- The role of technology and automation
Speakers
Ewelina Dominiak
Senior Project Manager
ABB
Ewelina Dominiak is a Financial Controller and Chief Accountant at ABB, since 2021 she has been acting as project lead for the implementation of OneSource, managing the statutory reporting centralisation and audit tracker implementation. She is experienced in process design, systems implementation and data migration. Prior to ABB she held positions at General Electric SSC and Nordea, focusing on data migration and harmonisation, along with system implementation.
Renata Marchwinska
Head of Statutory Compliance
ABB
Renata Marchwinska is the Head of Statutory Compliance services at ABB. She is responsible for managing transitions and centralization projects and finance process design. Prior to this role, Renata served as Global Statutory Compliance Leader and CFO for Poland at GE. She has previously worked at Smurfit Kappa and EY.
Briony Kempton
Senior Product Marketing Manager, Statutory Reporting and Indirect Tax
Thomson Reuters
Briony is the proposition lead for ONESOURCE Statutory Reporting and our Direct Tax suite of products, working closely with internal teams and our customers to define and deliver the future strategy and roadmap. Our internal customer champion, ensuring core functionality is developed in alignment to our clients’ changing needs. Before coming to Thomson Reuters, Briony was an Audit Director at EY.
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