Global Statutory Financial Reporting Transformation: Centralisation Strategies, Standardise and Automate


Private Lunch
(held concurrently with Shared Services & Outsourcing Week Asia)

16 October 2024, Wednesday
One Farrer Hotel, Singapore

Over 3 in 5 organisations are consolidating their statutory financial reporting (preparation of global financial statements and notes/ disclosures) capabilities within shared services, as per Thomson Reuters’ Digital Transformation in Tax Compliance and Statutory Reporting 2023 Survey Report.

The apprehensions that have historically caused statutory financial reporting to be retained in-country – for example, staying on top of changing local regulations/ GAAP knowledge, the ability to offer language- based services – are being successfully addressed by smarter content-driven cloud technologies. Thereby, enabling shared services to generate statutory financial reporting process transformation across the entire enterprise.

In this exclusive and interactive Private Lunch session, we bring together Singapore’s senior leaders for this thought-provoking discussion over lunch on exploring the latest trends and technological advancements shaping strategies for shared services, as they look to centralise knowledge-based processes and set efficiency targets based on scope expansion.

Wednesday | 16 October 2024

13:10 

Private Lunch Discussion
Global Statutory Financial Reporting Transformation: Centralisation Strategies, Standardise and Automate

  • Centralisation Strategies: Effective strategies for navigating the perceived barriers to centralisation of knowledge-based processes, risk mitigation, and the role of digital transformation in ensuring compliance
  • Technological solutions: Examination of how technology and automation are revolutionising global statutory financial reporting process within shared services, enhancing accuracy, and reducing compliance burdens
  • Best Practices: Insightful discussion on adopting best practices for statutory financial reporting, based on real-world experiences
  • ROI Framework: Key findings from an independent evidence-based Total Economic Impact™ study by Forrester commissioned by Thomson Reuters

    Nandheesh Sathyavelu, Director of Statutory Reporting, Thomson Reuters
    Sakshi Rehani, Statutory Reporting Proposition Lead, Thomson Reuters
    Soundar R, Associate Director – Finance & Accounts Practice & Transformation, Mindsprint

14:20 

Start of SSOW Asia Session


For more information on this exclusive Boardroom Discussion, please contact: Krishna.Mawani@iqpc.com.sg

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Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, and media markets, powered by the world's most trusted news organization. With headquarters in Toronto and major operations in London and Eagan, Minnesota, Thomson Reuters employs approximately 45,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges.

Website: https://www.thomsonreuters.com.sg