To meet the demands for clarity and consistency in international financial reporting, Anaplan XL Reporting has obtained IBCS certification (International Business Communication Standards). This recognition attests to its compliance with best reporting practices, enabling companies to produce visually harmonized financial statements that align with global standards. Here’s everything you need to know.
Managing international financial reporting is always a complex exercise: disparities in formats, frequent errors, lack of clarity… Yet, structuring and harmonizing these processes is a true performance booster. Good news: with its advanced formatting features, interactive tools, and Excel templates connected to real-time data, Anaplan XL Reporting offers a reliable and intuitive solution designed for finance professionals.
The Challenges of Multi-Country Reporting
Companies operating internationally face several challenges in financial reporting: varying formats, changing regulatory frameworks, and interpretative discrepancies that slow decision-making. This lack of harmonization results in significant time losses for consolidation and error correction, ultimately hindering the responsiveness of financial departments.
Moreover, the proliferation of tools and data sources makes the process even more complex. Each subsidiary may have its own practices, leading to information silos that are difficult to exploit at the group level. Not to mention the growing regulatory pressure that constantly forces companies to adapt their reporting to new local and international standards.
In short, at a time when financial information must be precise and accessible in real-time, standardizing reporting practices becomes essential to avoid inconsistencies and improve transparency.
Why Adopt a Unified Approach?
Opting for standardized reporting ensures financial information that is more readable and usable at all levels of the organization. Thanks to its IBCS certification, Anaplan XL Reporting allows you to:
- Structure reports according to proven standards to reduce the risk of errors and divergent interpretations.
- Ensure immediate readability of financial indicators for all stakeholders, from local to global.
- Automate and secure report production to accelerate consolidation and analysis processes.
- Facilitate compliance with local and international regulations, avoiding sanctions and financial losses.
- Enable faster and more efficient decision-making by providing a unified and up-to-date view of financial performance.
This standardization of practices allows better anticipation of market changes and more effective financial communication with stakeholders. It also simplifies collaboration and coordination between teams from different entities by providing a common framework.
Beyond Plans: Your Partner in Transforming Financial Reporting
With Anaplan XL Reporting, automating reporting cycles, and integrating real-time data facilitate the production of consolidated and immediately usable analyses. The absence of IT team dependency allows financial professionals to maintain control over data structuring while ensuring compliance with international standards.
As a consulting firm specializing in Anaplan solutions, Beyond Plans supports companies in continuously improving their financial reporting and optimally adopting these new practices. Our goal: to rethink financial governance and optimize internal organization. Through a proven methodology and complete mastery of the Anaplan platform, our experts ensure a smooth transition to fully unified and high-performing reporting.
