Financial Disclosure Management

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Financial Disclosure Management

Documentation filings can be produced in multiple formats (XBRL, iXBRL, PDF, EDGAR HTML, etc) according to specific regulatory requirements and other external and internal reporting needs.

Common problems:

  • The task of producing XBRL can be challenging for filers.
  • Third party tools can be costly and overhead to the financial reporting process.
  • Difficulties with non-enterprise software that is disconnected from their internal financial reporting infrastructure = security risks, data inaccuracies.

Hyperion Disclosure Management allows users to graphically produce regulatory filings in a collaborative environment through a tight integration with EPM data sources, Microsoft Office and other third party sources. This integration reduces the total cost of ownership by providing a single point of maintenance. The solution enables the modification or extension of taxonomies or the creation of multiple taxonomies.

What does Hyperion Financial Disclosure Management provide to the end user? 

Oracle Hyperion Disclosure Management is part of Oracle’s market-leading suite of financial close and reporting solutions that addresses all stages of the extended financial close from sub-ledger and general ledger closings, to the collection and consolidation of financial results, financial and management reporting, and the creating and submission of regulatory filings.

  • Microsoft Office-based approach for ease of use
  • Full XBRL and iXBRL generation capabilities with SEC, HMRC, IFRS and XBRL formula validation support
  • Centralized XBRL metadata storage and direct mapping to Oracle Hyperion data sources
  • XBRL tag override and suppression capabilities
  • Rollover report management streamlines the tagging process
  • XBRL taxonomy management and extension development
  • Oracle WebCenter Content Management for best in class document routing, approval, security and revision control

Benefits

  • Streamline the filing process where entire organisation automate the creation of XBRL submissions by managing the completeness and accuracy of external and statutory financial reports, and their transformation into specifically stylized statutory filings using XBRL. This is done through workflow and adherence to established financial reporting requirements.
  • Manage the assignment of XBRL and the ability to reuse established reporting formats (that have embedded XBRL tags) from prior reporting periods.
  • Leverage an XBRL taxonomy tool to provide enterprise XBRL mapping at the document level, or using source metadata, taxonomy viewing and extension, and instance document validation, generation and viewing.
  • Leverage Microsoft Office for the creation and management of financial reports and documents that will be distributed to financial statement publishers and regulatory agencies.

If you need more information on Oracle’s Hyperion Financial Disclosure Management Solution or would like to arrange a consultation, please feel free to email info@codecdss.co.uk or call us on 01 603 4300.

You can also have a look at Oracle Hyperion Disclousure Management whitepaper.