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Answer: A business process that is scalable, increases productivity and helps improve the bottom line. Question: What is Disclosure research? In this presentation, discover 9 reasons why finance leaders should care about disclosure research and learn the compelling evidence supporting its benefits.
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9 Reasons Why Finance Leaders Should Care About Disclosure Research
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Reason: 1 2 3 4 5 6 7 8 9
There’s ONE primary reason why finance leaders should care about Disclosure Research
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Reason: 1 2 3 4 5 6 7 8 9
Performing consistent disclosure research helps improve your business
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Reason: 1 2 3 4 5 6 7 8 9
HOW???
? ??
?
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why disclosure research matters and how it can improve your business
Read on to discover
8 more reasons
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Reason
2 #
Disclosure filings are the best source for meaningful competitive intelligence
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Last year alone,
10,049 10-Ks were filed
26,852 10-Qs were filed1
1 “The Anatomy of 10-K & 10-Q Filings.” DisclosureNet™. DisclosureNet™, Apr. 2013. Web. 15 May 2013. <http://go.disclosurenet.com/The-Anatomy-of-10K-and-10Q-Filings.html>.
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Reason: 1 2 3 4 5 6 7 8 9
Crucial information about your peers is contained in these documents
✓ company summary
✓ current financials
✓ plant and property
✓ directors and o�cers
✓ foreign operations
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Reason: 1 2 3 4 5 6 7 8 9
of Fortune 500 companies conduct competitive intelligence.290 %
2 Finnegan, Orlaith. “Top Tips: Setting up a Market or Competitive Intelligence Function.” Setting up a Market or Competitive Intelligence Function. Market Intelligence Hub, 30 Aug. 2012. Web. 15 May 2013. <http://digimind.com/blog/best-practices/setting-up-an-intel-function/>.
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Reason: 1 2 3 4 5 6 7 8 9
“In a competitive marketplace, up-to-date information can make the dierence between keeping pace, getting ahead, or being left behind.” 3
3 Helm, Burt. “How to Use Competitive Intelligence to Gain an Advantage.” Editorial. Inc.com. Inc.com, Apr. 2011. Web. 13 May 2013. <http://www.inc.com/magazine/20110401/how-to-use-competitive-intelligence-to-gain-an-advantage.html>.
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A good disclosure research solution provides quick, easy access to this information so your company can keep tabs on competitors and stay in the know.
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Reason
3 #
It’s an eective benchmarking tool
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A study from CFO Research and Genpact shows that external benchmarking is on trend in 2013.
2013
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Reason: 1 2 3 4 5 6 7 8 9
&of companies surveyed make extensive use of external benchmarks
of companies surveyed make some use of external benchmarks4
33% 50%
4 Surka, Matt, and Josh Hyatt. “The Long and Winding Road Is There a Way to Improve the Path to Better Business Processes?” Editorial. CFO.com. CFO Magazine, 8 Oct. 2012. Web. 13 May 2013. <http://www3.cfo.com/article/2012/10/benchmarking_cfo-research-benchmarking-business-processes?currpage=1>.
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“Third-party performance benchmarks can be especially useful as catalysts for change and as sources of guidance on areas that are ready for improvement.”5
5 Surka, Matt, and Josh Hyatt. “The Long and Winding Road Is There a Way to Improve the Path to Better Business Processes?” Editorial. CFO.com. CFO Magazine, 8 Oct. 2012. Web. 13 May 2013. <http://www3.cfo.com/article/2012/10/benchmarking_cfo-research-benchmarking-business-processes?currpage=1>.
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You can also use this data to benchmark your company’s general health and success against peers.
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Reason: 1 2 3 4 5 6 7 8 9
Which leads us to…
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Reason
4 #
Disclosure research can help you make educated business decisions
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Reason: 1 2 3 4 5 6 7 8 9
Step
Conduct disclosure research and gather relevant data1
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Reason: 1 2 3 4 5 6 7 8 9
Step
Analyze data to identify trends, formulate forecasts, and make conclusions
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Reason: 1 2 3 4 5 6 7 8 9
Step
Based on this analysis, form a strategy for upcoming business decisions that will improve the bottom line3
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Reason: 1 2 3 4 5 6 7 8 9
“Forecasting the future is risky, but businesses that fail to look forward will almost certainly be left behind in an increasingly competitive, globalized world.”6
6 Business Pulse: Exploring Dual Perspectives on the Top 10 Risks and Opportunities in 2013 and beyond. Rep. Ernst and Young, 2013. Web. 14 May 2013. <http://www.ey.com/GL/en/Services/Advisory/Business-Pulse--top-10-risks-and-opportunities>.
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Reason
5 #
It can help your company identify risks
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Reason: 1 2 3 4 5 6 7 8 9
In a recent survey,
of companies reported loss of income from one/some of the Top 10 risks.
42%
This is a 14% increase from 20117
7 Global Risk Management Survey 2013. Rep. Aon Risk Solutions, 2013. Web. 15 May 2013. <http://www.aon.com/2013GlobalRisk/2013-Global-Risk-Management-Survey-updated-05-01-2013.pdf>.
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Reason: 1 2 3 4 5 6 7 8 9
What’s more,
risk readiness has dropped
7% from 66% to 59%8
8 Global Risk Management Survey 2013. Rep. Aon Risk Solutions, 2013. Web. 15 May 2013. <http://www.aon.com/2013GlobalRisk/2013-Global-Risk-Management-Survey-updated-05-01-2013.pdf>.
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Reason: 1 2 3 4 5 6 7 8 9
A 2013 Ernst and Young survey reports that the following issues are among the Top 10 biggest risks facing organizations:
1. Managing talent and skill shortages2. Regulation and compliance9
9 Business Pulse: Exploring Dual Perspectives on the Top 10 Risks and Opportunities in 2013 and beyond. Rep. Ernst and Young, 2013. Web. 14 May 2013. <http://www.ey.com/GL/en/Services/Advisory/Business-Pulse--top-10-risks-and-opportunities>.
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Reason: 1 2 3 4 5 6 7 8 9
Disclosure filings can be leveraged to explore:
1. Executive profiles for recruiting purposes
2. Templates for best practice disclosures, helping to ensure compliance
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Reason: 1 2 3 4 5 6 7 8 9
Researching best-practice financial disclosures is crucial because it helps mitigate the risk of companies having to issue restatements.
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Reason: 1 2 3 4 5 6 7 8 9
One 2011 study found that when restatements occur, companies replace CFOs 17% more often than under normal circumstances.10
10 Chapelle, Tony. “We Restated? You’re Fired.” Editorial. Agenda. Financial Times, 6 May 2013. Web. 16 May 2013. <http://www.agendaweek.com/c/513751/57241?highlight=tony%20chapelle>.
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Reason
6 #
Conversely, disclosure research can help identify opportunities
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Reason: 1 2 3 4 5 6 7 8 9
Two of the Top 10 opportunities identified by surveyed companies for 2013:
1. Innovation in products, services and operations
2. Investing in process, tools and training to achieve greater productivity11
11 Business Pulse: Exploring Dual Perspectives on the Top 10 Risks and Opportunities in 2013 and beyond. Rep. Ernst and Young, 2013. Web. 14 May 2013. <http://www.ey.com/GL/en/Services/Advisory/Business-Pulse--top-10-risks-and-opportunities>.
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Reason: 1 2 3 4 5 6 7 8 9
Capitalize on these opportunities by using a disclosure research tool to:
1. Leverage insights from successful competitors to drive innovation
2. Enhance the financial reporting process, save time and increase productivity
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Reason
7 #
Disclosure research saves time, increases productivity and enhances work quality
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In a recent user survey, 82% of respondents said their disclosure research tool saves them time12
12 “0% Is the Best Result to Get on a Customer Feedback Survey.” DisclosureNet™. DisclosureNet™, May 2013. Web. 14 May 2013. <http://go.disclosurenet.com/Zero-Percent-is-the-Best-Result-to-Get-on-a-Customer-Feedback-Survey.html>.
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Reason: 1 2 3 4 5 6 7 8 9
of respondents said their disclosure research tool improves their financial reporting1354%
13 “0% Is the Best Result to Get on a Customer Feedback Survey.” DisclosureNet™. DisclosureNet™, May 2013. Web. 14 May 2013. <http://go.disclosurenet.com/Zero-Percent-is-the-Best-Result-to-Get-on-a-Customer-Feedback-Survey.html>.
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Reason: 1 2 3 4 5 6 7 8 9
say their productivity has increased by 51-75%
It increases productivity, too!
say their productivity hasincreased by 75-100%14
36%
23.2%
14 “0% Is the Best Result to Get on a Customer Feedback Survey.” DisclosureNet™. DisclosureNet™, May 2013. Web. 14 May 2013. <http://go.disclosurenet.com/Zero-Percent-is-the-Best-Result-to-Get-on-a-Customer-Feedback-Survey.html>.
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Reason
8 #
It can help ease internal transitions related to business process or workflow
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Reason: 1 2 3 4 5 6 7 8 9
In a survey of financial executives, over 60% strongly agreed that improving internal processes would yield meaningful financial benefit to their companies15
15 Surka, Matt, and Josh Hyatt. “The Long and Winding Road Is There a Way to Improve the Path to Better Business Processes?” Editorial. CFO.com. CFO Magazine, 8 Oct. 2012. Web. 13 May 2013. <http://www3.cfo.com/article/2012/10/benchmarking_cfo-research-benchmarking-business-processes?currpage=1>.
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Reason: 1 2 3 4 5 6 7 8 9
of companies that often use external benchmarks agree that this can help with improving internal processes1678%
16 Surka, Matt, and Josh Hyatt. “The Long and Winding Road Is There a Way to Improve the Path to Better Business Processes?” Editorial. CFO.com. CFO Magazine, 8 Oct. 2012. Web. 13 May 2013. <http://www3.cfo.com/article/2012/10/benchmarking_cfo-research-benchmarking-business-processes?currpage=1>.
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When a company wants to improve its internal processes and workflow, it’s beneficial to look at examples from predecessors.
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Reason: 1 2 3 4 5 6 7 8 9
This is where disclosure research comes in:
Your company can assess a third party organization’s processes to determine the e�ciency of its own operations and adapt accordingly.
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Reason
9 #
It’s scalable and easy to implement
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Reason: 1 2 3 4 5 6 7 8 9
The best disclosure research solutions
• O�er enterprise wide licenses, to simplify pricing and usage rates
• Have di�erent modules that address specific needs
• Are cloud-based and automatically updated so therefore don’t require intervention from your IT department
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So not only is disclosure research extremely useful from a business improvement perspective...
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But the best solutions are also cost-e�ective and scalable, allowing it to e�ortlessly grow with your business.
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20+ million public disclosure filings that contain rich content are available in one place – so why not start benefiting from it?
Request a DisclosureNet™ live tour today.
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Read this: Top Priorities for Financial Professionals
Print this: From Awareness to Execution: 3 Ways Automation will Help you Monitor Financial Rules and Regulations
Know this: 0% is the Best Result to get on a Customer Feedback Survey
Resources
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Contact us.
DisclosureNet™330 Bay Street, Suite 200Toronto, ON M5H 2S8T: 866.974.3638F: 416.913.0446
General InquiriesT: 866.974.3638 [email protected]
SolutionsT: 866.974.3638 [email protected]