Financial services institutions take an average of nine months to produce capital plans every year. But what if you could decrease preparation time by as much as half, while helping ensure complete and accurate reporting? That’s the value proposition of the KPMG alliance with Workiva. Together, we can help automate the data gathering, formatting, and attestation required for the capital plan, regulatory, and management reporting required by your CFO, executive committee, and board. As your organization grows and is required to produce additional information, you can continue benefiting from automating the reporting processes.
With the power of digital transformation from KPMG and solutions from Workiva, financial services institutions can better integrate their IT and reporting systems and automate capital plan reporting. Enhanced controls over balancing, reconciliation, and adjustments of data are some of the additional benefits that can be gained from this integration process.