Regulatory Reporting Solutions

Most regulatory compliance programs require detailed reporting based on prescribed guidelines. Reporting can be periodic or event based and while certain agencies provide comprehensive reporting formats and data exchange standard, some reporting requirements can be met by filing survey results and certifications.

Formal surveys and certifications are conducted to affirm the accuracy, awareness and truthfulness about information and data. Implementing this process across various departments, locations, and business units is a challenge for compliance managers as distributing such surveys and gather responses can be tedious and error prone. Moreover, surveys and certification for regulations such as Sarbanes Oxley Section 302 (SOx 302) and Company Ethics have to be integrated with overall compliance and regulatory reporting.

MetricStream Regulatory Reporting solutions provide a systematic mechanism for managing surveys and certifications in a consistent, reliable and predictable manner. It ensures accountability by enforcing the flow of information and records and documenting attestations and representations at appropriate stages.

Regulatory Reporting system provides the capability to configure and execute surveys, certifications and self-assessments based on predefined templates and schedules for designated executives. It supports electronic signoffs at departmental and functional levels that roll-up for executive certifications.

The Regulatory Reporting solution supports procedures for affirming the strength of the internal controls and adherence to policies. This information rolls up to executive management who can review and certify overall risk and control assessment for the enterprise for meeting requirements such a SOx 302.

The Regulatory Reporting module also provides decision tree and workflow functionality for identification of reportable events as well as the type of regulatory reports that needs to be filed. The process of reporting is simplified as the system automatically generates mandatory reports in formats and layouts prescribed by the agencies. The reports are generated in standard file types such as MS Word and can be reviewed before being submitted.