Financial Reporting

What is an editing system?

Date
13/04/2023

Goals, benefits, requirements: a strategic guide for the introduction of an editorial system.

 

More and more companies, publishing houses and media organisations are planning to use an editorial system for their cross-media publishing. At the same time, there is a lack of clarity in many places about what an online editorial system can actually do, how it works and what to look out for when selecting one. In our article, we provide an overview of the goals, functions and advantages of an editorial system.

The goals of an editorial system

An online editorial system supports the efficiency of integrated communication and contemporary multichannel publishing. It is becoming a key factor in meeting the increasing demands of corporate communication and marketing.

An editorial system can meet these challenges:

 

  • Media production today is cross-media publishing: more and more channels need to be served.
  • Content is king: The amount of topics and content is also constantly growing.
  • Target groups want to be addressed as individually as possible.
  • The effort required for conception and planning is increasing - and with it the need for efficient operational implementation.
  • The increasing cost and time pressure in companies is exacerbating this development.

 

This increasing complexity in publishing can only be mastered with innovative publishing software: an editorial system.

What editorial systems are used for (CP Knowledge survey in CP Knowledge Facts, p. 12, as at 2017)

What is an editorial system?

The following definition can be found on Wikipedia:

 

Editorial systems are software systems for managing journalistic content, in particular newspapers, magazines and websites. An essential feature is the separation of content, data structure and design (layout) as well as the possibility of access and workflow control. In connection with websites, editorial systems are also referred to as content management systems.

 

An editorial system is therefore digital publishing software for the collaborative and optimised creation of media, as it maps the complete workflow in multichannel publishing - from planning, editing and administration through to production. Even though most editing tools today work on the basis of web technologies, they differ from so-called content management systems. While the latter focus on the publication and structuring of websites, an editorial system is designed as multichannel publishing software that can serve all channels - from print to mobile.

How does an editorial system work?
Six features of an online editorial system

  1. Media neutrality: The content is stored in the content management system independently of the output channel and can therefore be efficiently reused multiple times.

  2. Separation of content and layout: Editorial systems separate the layout information from the actual content. This is the basis for single-source publishing, i.e. for the arbitrary compilation of content for different formats and media. The workflow of many editing tools is based on the standard programmes Adobe InDesign and InCopy and are editing systems for Indesign.

  3. Structuring data: To create standardised content and documents, an online editing system uses a so-called document type definition - also known as DTD. This defines the structure of a document. This is a major advantage when extensive and highly complex documentation is used with an editing system.

  4. Meta information: Editorial systems make it possible to create descriptive information about the content so that it can be found and used efficiently at any time.

  5. Process support: Editorial systems increase the efficiency and security of cross-media publishing processes by optimising workflows. They simplify collaboration between all those involved, reduce coordination and correction loops and avoid errors. In other words, the editorial system is the modern publishing software for time and cost-optimised media production.

  6. Planning and production control: An editorial system maps the end-to-end production process from planning to production and provides an overview of the current production status at all times. An editorial system is therefore a digital publishing software for software-supported production control, project monitoring and deadline assurance for high project transparency.

Which department is introducing an editorial system and is the central point of contact?
(CP Knowledge survey in CP Knowledge Facts, p. 13, as at 2017)

Advantages and benefits of an editorial system:
of M-E-I-S-T-E-R

M - Multiple utilisation: The media-neutral data storage in the online editorial system enables the multiple utilisation of data, as it manages content in such a way that it can be processed by different software solutions and via possible interfaces. This is not only relevant for efficient multichannel publishing, but also for updates and follow-up publications within a channel. Thanks to media-neutral data management in the editorial system, corrections and data maintenance are no longer media-specific, but are centralised for all output forms.

 

E - Efficiency: Modern cross-media publishing today usually takes place with a very short time-to-market. New media and means of communication must be developed and published quickly in order to fulfil the demand for topicality. An editorial system raises multichannel publishing to a new level of efficiency by optimising processes for everyone involved.

 

I - Integration: Corporate communication today is multichannel publishing - and requires centralised publishing software that ensures the best possible coordination of communication across all channels in terms of timing and content. An editorial system draws content for print, online, mobile and social media from an integrated data source. Once content has been created, it can be used across all media and output simultaneously. However, integration also means optimised workflows for the collaboration of all parties involved. For example, an editorial system allows several colleagues and external partners to work on the data without any version conflicts.

 

S - Security: An editorial system ensures production security in the creation of communication materials and the implementation of communication measures. It also creates future security by storing relevant data and media assets for later use.

 

T - Transparency: An editorial system ensures transparency regarding the planning and production status. It provides project managers and participants with an up-to-date overview of which content elements are available and published in which channel at any given time. An editorial system also sets new standards in terms of the traceability of communication workflows.

 

E - Simple media creation: Thanks to an editorial system, new media and communication tools can be developed and published more quickly and easily. By promoting collaborative creation and distributed co-operation, the system reduces the number of coordination and correction rounds.

 

R - ROI: An editorial system pays for itself. By increasing the efficiency of cross-media production, it ensures greater profitability in the long term. Especially in project management, translation management and quality assurance, the introduction of an online editing system can reduce costs.

Most important requirements for an editorial system?
(CP Knowledge survey in CP Knowledge Facts, p. 13, as of 2017)

Cover page "Editorial system Online Publisher"

Whitepaper | Editorial system Online Publisher

The focus paper explains clearly what users should know before deciding in favour of an editorial system: Users, target group, added value, functions and amortisation period. Complex topics are simplified and illustrated using the example of the online publisher as market leader.

download

How do I find the right editorial system?

There is a large selection of editorial systems and online editorial systems on the market. The following five-point checklist will help you select the right publishing software:

 

1. create a list of functional requirements

 

  • What functional requirements does the company have?
  • Which media should be produced, which channels should be used?
  • Which processes need to be mapped?

 

To-do: Create a catalogue of functions including selection and weighting of the key requirements (knock-out criteria)

 

2. define criteria for the potential provider

  • Which provider suits our company?
  • Is the provider able to implement the content management system within the defined time frame, in the desired quality and with the available budget?
  • Which services (consulting, support) are important to us beyond system implementation?
  • What project expertise and experience should the provider have?

 

To-do: Market screening of potentially suitable providers, initial selection of suitable providers according to knock-out criteria, preparation of concrete tender documents

 

3. pay attention to future-proofing

  • An editorial system should not only fulfil short-term requirements.
  • It should be ensured that the right system meets the company's media production objectives in the long term.

 

To-do: Record the company's strategic requirements with regard to future technologies

 

4. carry out a cost-benefit analysis

  • The appropriate editorial system represents the most cost-effective option, taking into account the benefits and the defined catalogue of requirements.

 

To-do: systematic cost comparison of the various offers

 

5. document the decision

  • The system selection for an editorial system should be comprehensible for all future participants.
  • Document the reasons why the system was chosen.

 

To-do: comprehensible documentation of all steps of the provider and system selection process

Related blogs

Financial Reporting

Workiva and the RYZE Reporting Hub: Automatically generate full HTML reports

 

 

Annual reports are time-consuming and require coordination. Compliance with legal requirements and submission deadlines puts a strain on employees. The RYZE Reporting Hub and Workiva simplify reporting and combine the strengths of PDF reports and full HTML reports.

 

 

More information
Financial Reporting

Ecoma and Reporting Hub: How annual reports automatically become a content platform

 

 

An annual report is more than just figures - it tells the company's story and strengthens its image. The RYZE Reporting Hub simplifies and automates this complex process and enables gripping storytelling thanks to synergies with Ecoma.

 

 

More information
Financial Reporting

Trends in corporate reporting

 

 

Hard facts and figures dominate, there is no more room for image communication: this seems to have been the trend in annual reports in recent years. And the sustainability report is facing the same development thanks to CSRD. Is this the end for image issues and good stories? We say no.

 

 

More information
Financial Reporting

Corporate Reporting Conference 2023: a summary

 

 

RYZE Digital's Corporate Reporting Conference 2023 (CRC 2023) is already behind us again this year, but its exciting messages about annual and sustainability reports remain relevant: a brief review and a summary - for everyone who missed our digital conference.

 

 

More information
Financial Reporting

The RYZE Reporting Hub: easy to customise, digitise and automate your annual report

 

 

Integrated corporate reporting is becoming increasingly complex: different standards, software and languages make the annual report a huge project. To make this easier, RYZE offers an effective tool: the RYZE Reporting Hub.

 

 

More information