insightsoftware Launches ESG Reporting Solution, Providing Robust Data Management, Compliance Confidence, and Automated Reporting
June 27 2024 - 9:00AM
insightsoftware Launches ESG Reporting Solution, Providing Robust
Data Management, Compliance Confidence, and Automated Reporting
insightsoftware, the most comprehensive provider of solutions for
the Office of the CFO, today announced its Environmental, Social,
and Governance (ESG) solution. Initially focused on organizations
impacted by the coming Corporate Sustainability Reporting Directive
(CSRD) requirement, insightsoftware ESG is a robust, end-to-end
solution that supports organizations throughout their
sustainability journey. The modular solution simplifies and
automates ESG reporting, saving time and improving visibility. It
enables businesses to collect, consolidate, and analyze ESG data
from any source and create accurate and compliant reports in
minutes versus weeks or months.
ESG reporting mandates, such as the CSRD, greatly affect how
organizations prioritize sustainability efforts. Unfortunately, ESG
reporting is complex, requiring data from multiple sources, such as
enterprise resource planning, sustainability systems, customer
relationship management, and human resource management. These
systems are often siloed across an organization and its suppliers,
adding to the complexity. Businesses also struggle to collect and
consolidate ESG metrics alongside their financial data. Disjointed
systems and inefficient processes limit an organization's ability
to provide ESG transparency and accountability to investors,
consumers, regulators, and stakeholders.
insightsoftware ESG is a modular solution that empowers
businesses to tailor their sustainability journey and make informed
decisions while adapting to evolving regulations. Its
pre-configured, expandable data model streamlines compliance while
supporting various reporting frameworks.
Key features include:
- Effortless Data Collection &
Consolidation: Pre-configured, future-proof data model
simplifies gathering of all data types (narrative, numeric, and
calculated) for CSRD compliance. insightsoftware ESG allows
customization based on an organization’s materiality assessment,
which streamlines the reporting process and ensures businesses
capture what matters most to their stakeholders.
- Complete Picture, Simplified Workflow: Manage
all reporting entities, data collection and consolidation processes
in a single, user-friendly platform. Comprehensive BI and Analytics
empower organizations to create interactive reports and dashboards,
gaining deeper insights to proactively monitor and improve their
ESG performance.
- Seamless Compliance & Filing: The
integrated solution streamlines CSRD compliance generating
high-quality sustainability reports compliant with eXtensible
Business Reporting Language (XBRL) filing requirements. This
ensures timely, accurate filing, allowing businesses to focus on
sustainability initiatives.
- Future-Proof Flexibility: Businesses can start
with data collection or reporting and filing. The modular design
adapts to an organization’s specific needs and future regulatory
changes.
“New ESG mandates are forcing organizations to move from a
voluntary to a statutory framework, which often requires capturing
and reporting on entirely new data types. As a result, inconsistent
ESG reporting can lead to missed deadlines, increased costs,
compliance risks, and reputational damage,” said Monica Boydston,
General Manager, Controllership at insightsoftware.
“insightsoftware ESG empowers organizations to accurately and
efficiently satisfy reporting requirements to internal and external
stakeholders, demonstrating commitment to their sustainability
efforts and effectively utilizing their ESG data as a strategic
driver for organizational growth. With over 20 years of experience
supporting companies with diverse filing regulations, we’re
uniquely positioned to guide businesses through the ever-evolving
ESG reporting landscape.”
Built on top of proven close and consolidation, disclosure
management, and BI technology used by thousands of customers
globally, insightsoftware ESG includes the controls, audit trail,
and security needed to deliver investor-grade data and meet
statutory filing requirements. It ensures businesses can measure
the impact of their ESG initiatives, attracting ESG-focused
investors.
To learn more about insightsoftware ESG and how it can better
support an organization’s sustainability goals from data collection
to compliance and stakeholder communication, visit the
insightsoftware website. A webinar diving deeper into
insightsoftware ESG capabilities can also be found here.
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About
insightsoftware
insightsoftware is a global provider of comprehensive solutions
for the Office of the CFO. We believe an actionable business
strategy begins and ends with accessible financial data. With
solutions across financial planning and analysis (FP&A),
accounting, and operations, we transform how teams operate,
empowering leaders to make timely and informed decisions. With data
at the heart of everything we do, insightsoftware enables automated
processes, delivers trusted insights, boosts predictability, and
increases productivity. Learn more at
insightsoftware.com.
Media Contacts
Inkhouse for insightsoftware
insightsoftware@inkhouse.com
Daniel Tummeley
Corporate Communications Manager
pr@insightsoftware.com