9 Reasons Finance Leaders Should Care About Disclosure Research

9 Reasons Why Finance Leaders
Should Care About Disclosure Research

www.DisclosureNet.com | Copyright © 2013 DisclosureNet™
2
Reason: 1 2 3 4 5 6 7 8 9
There’s ONE primary reason why ﬁnance
leaders should care about Disclosure Research

3
Reason: 1 2 3 4 5 6 7 8 9
Performing consistent disclosure research
helps improve your business

4
Reason: 1 2 3 4 5 6 7 8 9
HOW?
?
?
? ?
?
?

5
Reason: 1 2 3 4 5 6 7 8 9
why disclosure research matters
and how it can improve your business
Read on to discover
8more
reasons

6
Reason: 1 2 3 4 5 6 7 8 9
Reason
2#
Disclosure ﬁlings are the best source
for meaningful competitive intelligence

7
Reason: 1 2 3 4 5 6 7 8 9
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>.

8
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 officers
foreign operations

9
Reason: 1 2 3 4 5 6 7 8 9
of Fortune 500 companies
conduct competitive intelligence.2
90%
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/>.

10
Reason: 1 2 3 4 5 6 7 8 9
“In a competitive marketplace, up-to-date information
can make the difference 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>.

11
Reason: 1 2 3 4 5 6 7 8 9
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.

12
Reason: 1 2 3 4 5 6 7 8 9
Reason
3#
It’s an effective
benchmarking tool

13
Reason: 1 2 3 4 5 6 7 8 9
A study from CFO Research and Genpact shows
that external benchmarking is on trend in 2013.
2013

14
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>.

15
Reason: 1 2 3 4 5 6 7 8 9
“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

16
Reason: 1 2 3 4 5 6 7 8 9
You can also use this data to benchmark your company’s
general health and success against peers.

17
Reason: 1 2 3 4 5 6 7 8 9
Which leads us to…

18
Reason: 1 2 3 4 5 6 7 8 9
Reason
4#
Disclosure research can help you
make educated business decisions

19
Reason: 1 2 3 4 5 6 7 8 9
Step
Conduct disclosure research
and gather relevant data1

20
Reason: 1 2 3 4 5 6 7 8 9
Step
Analyze data to identify
trends, formulate forecasts,
and make conclusions

21
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 line
3

22
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>.

23
Reason: 1 2 3 4 5 6 7 8 9
Reason
5#
It can help your company identify risks

24
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>.

25
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>.

26
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 shortages
2. 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>.

27
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

28
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.

29
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>.

30
Reason: 1 2 3 4 5 6 7 8 9
Reason
6#
Conversely, disclosure research can
help identify opportunities

31
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>.

32
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

33
Reason: 1 2 3 4 5 6 7 8 9
Reason
7#
Disclosure research saves time, increases
productivity and enhances work quality

34
Reason: 1 2 3 4 5 6 7 8 9
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>.

35
Reason: 1 2 3 4 5 6 7 8 9
of respondents said their disclosure research
tool improves their ﬁnancial reporting13
54%
13

36
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 has
increased by 75-100%14
36%
23.2%
14

37
Reason: 1 2 3 4 5 6 7 8 9
Reason
8#
It can help ease internal transitions
related to business process or workﬂow

38
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

39
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

40
Reason: 1 2 3 4 5 6 7 8 9
When a company wants to improve its internal
processes and workﬂow, it’s beneﬁcial to look at
examples from predecessors.

41
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 efficiency of its own
operations and adapt accordingly.

42
Reason: 1 2 3 4 5 6 7 8 9
Reason
9#
It’s scalable and easy to implement

43
Reason: 1 2 3 4 5 6 7 8 9
The best disclosure research solutions
• Offer enterprise wide licenses,
to simplify pricing and usage rates
• Have different modules that address
speciﬁc needs
• Are cloud-based and automatically
updated so therefore don’t require
intervention from your IT department

44
Reason: 1 2 3 4 5 6 7 8 9
So not only is disclosure research extremely
useful from a business improvement perspective...

45
Reason: 1 2 3 4 5 6 7 8 9
But the best solutions are also cost-effective
and scalable, allowing it to effortlessly grow
with your business.

46
Reason: 1 2 3 4 5 6 7 8 9
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.

47
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

48
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Toronto, ON M5H 2S8
T: 866.974.3638
F: 416.913.0446
General Inquiries
T: 866.974.3638 x0
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9 Reasons Finance Leaders Should Care About Disclosure Research