Reporting Modernization Framework
Deloitte provides a presentation, Building Workiva into a cross-functional reporting platform though ERP integration, in which they provide a reporting modernization framework. In the presentation they state that the goals of reporting modernization as being: quality, value, effectiveness, control.
In that presentation, the following example process flow is provided: (page 5 in the PDF)
Per that presentation (from 2021), Deloitte and Workiva have an alliance and they use this report modernization framework with, it would seem, larger Fortune 500 or maybe even Fortune 1000 enterprises which use likes of SAP, Oracle, Workday, Anaplan (AI-infused scenario planning and analysis), Blackline (financial operations platform), Alteryx (AI-guided solution for data automation and analytics tasks). Basically, the big boys.
But what about everyone else? Not everyone can afford Workiva. What do they do?
Also, note the "master spreadsheets" by the green dot with the "5" in it. Those appear to be traditional spreadsheets as there is no mention otherwise. What if those were semantic spreadsheets or knowledge graphs rather than traditional spreadsheets.
It would not be too much of a stretch to call the Seattle Method a modern reporting framework. The OMG Standard Business Report Model (SBRM) likewise might also be seen as a modern reporting framework.
Additional Information:
- Moving from "Document-oriented" to "Model-oriented" Mentality for Financial Reporting
- Work
- Fundamental Benefits of Model Driven Reporting
- Intelligence Amplification and Aggregate Work Capabilities
- Idealized Design
- Big Idea for 2025: Semantic Accounting and Audit Working Papers
- Modern Accountancy
- Informatics for Accountancy
- Integrated reporting ecosystem
- Our Integrated Reporting Framework (PWC)
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