KPMG-EPM-Disclosure-Management-(1)

DisclosuremanagementEnterprisePerformanceManagementGlobalCenterofExcellence—2016**CAUTION**Thisdeckmaycontainsensitiveinternalperspectives;seeslidesmarkedwithrednotes.Pleasereviewand/orremovefromdeckifusingwithclients.[DELETETHISNOTE]2©2016KPMGInternationalCooperative(“KPMGInternational”),aSwissentity.MemberfirmsoftheKPMGnetworkofindependentfirmsareaffiliatedwithKPMGInternational.KPMGInternationalprovidesnoclientservices.NomemberfirmhasanyauthoritytoobligateorbindKPMGInternationaloranyothermemberfirmvis-à-visthirdparties,nordoesKPMGInternationalhaveanysuchauthoritytoobligateorbindanymemberfirm.Allrightsreserved.—Visionanddefinition—Challengesandpotentialbenefits—Leadingpracticesandgamechangers—Emergingtechnologies—Methodsandapproaches—Differentiators—Casestudies—AppendixContentsVisionanddefinition4©2016KPMGInternationalCooperative(“KPMGInternational”),aSwissentity.MemberfirmsoftheKPMGnetworkofindependentfirmsareaffiliatedwithKPMGInternational.KPMGInternationalprovidesnoclientservices.NomemberfirmhasanyauthoritytoobligateorbindKPMGInternationaloranyothermemberfirmvis-à-visthirdparties,nordoesKPMGInternationalhaveanysuchauthoritytoobligateorbindanymemberfirm.Allrightsreserved.Disclosuremanagement(DM)-definitionDisclosuremanagement(DM)istheprocessof:PreparingandApprovingdisclosuresandfinancialreportssuchas:—statutoryandregulatory—investorrelations—internalreporting—legal,taxandtreasury.forbothexternalandinternalreportingpurposes.ApprovePrepareApprovePrepareExternalInternalStatutoryandregulatoryInvestorrelationsLegal,taxandtreasuryInternalreporting5©2016KPMGInternationalCooperative(“KPMGInternational”),aSwissentity.MemberfirmsoftheKPMGnetworkofindependentfirmsareaffiliatedwithKPMGInternational.KPMGInternationalprovidesnoclientservices.NomemberfirmhasanyauthoritytoobligateorbindKPMGInternationaloranyothermemberfirmvis-à-visthirdparties,nordoesKPMGInternationalhaveanysuchauthoritytoobligateorbindanymemberfirm.Allrightsreserved.DMvisionDMsolutionsshouldbetechnologyenabledthatinturnwillhelp:AutomateControltheDMprocesswhichensures:IncreasedefficiencyReductioninriskTimeandcostsavingsChallengesandbenefits7©2016KPMGInternationalCooperative(“KPMGInternational”),aSwissentity.MemberfirmsoftheKPMGnetworkofindependentfirmsareaffiliatedwithKPMGInternational.KPMGInternationalprovidesnoclientservices.NomemberfirmhasanyauthoritytoobligateorbindKPMGInternationaloranyothermemberfirmvis-à-visthirdparties,nordoesKPMGInternationalhaveanysuchauthoritytoobligateorbindanymemberfirm.Allrightsreserved.ChallengesindisclosuremanagementIntoday'severincreasingregulatoryenvironment,organizationsarefacingmoreandmorepressuresfromexternalbodiesandshareholdersalikearoundaccurateandtimelydisclosureofbothfinancialandnon-financialinformation.Someofthemanydisclosurerequirementsthatorganizationsfaceinclude:Legal,taxandtreasury—Schedulepreparationandreporting—Taxcompliance—Taxprovisionpreparation—Cashmanagement—DebtmanagementInternalreporting—Executivepresentations—Operational,reviews—Boardbooks—Budgetvariancereports—Operationalreviews—VarianceexplanationsInvestorrelations—Integratedreporting—Investorpresentations—Pressreleases—SENSannouncements—Earningsreleases—ShareholdercommunicationsStatutoryandregulatory—AnnualFinancialStatements—SECComplianceReporting—XBRLMandate—SolvencyII—COREP/FINREP—BaselIII—Carbonemissions—SafetyHealthandEnvironment8©2016KPMGInternationalCooperative(“KPMGInternational”),aSwissentity.MemberfirmsoftheKPMGnetworkofindependentfirmsareaffiliatedwithKPMGInternational.KPMGInternationalprovidesnoclientservices.NomemberfirmhasanyauthoritytoobligateorbindKPMGInternationaloranyothermemberfirmvis-à-visthirdparties,nordoesKPMGInternationalhaveanysuchauthoritytoobligateorbindanymemberfirm.Allrightsreserved.ChallengesindisclosuremanagementCompanieshavehistoricallyinvestedinenterpriseresourceplanning(ERP)systems,datawarehousesandconsolidationapplicationsandtypicallyclosetheirbooksinamatterofdays,yettakeweekstoproducereports,thusdelayingcriticalmanagementdecisions.Theprimaryreasonfordelaysaremanual,timeconsumingprocesses.Risks:—misstatement—reputational—non-compliance—financial—humanerror—staffmorale—security(leakedinformation)—datainconsistency.ConfidenceLittleconfidenceintheprocessControlLittlecontrolovertheprocessTimeLimitedtimetoprepare!Theprocessislargelyinefficient,errorprone,difficulttocontrolandauditandinadditiontowastingtimeandmoney,detractsresourcesfromvalueaddingactivitiesandanalysis.9©2016KPMGInternationalCooperative(“KPMGInternational”),aSwissentity.MemberfirmsoftheKPMGnetworkofindependentfirmsareaffiliatedwithKPMGInternational.KPMGInternationalprovidesnoclientservices.NomemberfirmhasanyauthoritytoobligateorbindKPMGInternationaloranyothermemberfirmvis-à-visthirdparties,nordoesKPMGInternationalhaveanysuchauthoritytoobligateorbindanymemberfirm.Allrightsreserved.ThedisclosuremanagementprocessisunderpressureDisclosurereportingprocess—Reportingrequirementsareescalating—Geographicrequirements—Greaterregulatorypressures—Tighterexternal