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

When it comes to annual reports, everything has to be right: Key financial figures are subject to legal requirements or international standards, the public wants to be informed about current sustainability endeavours and investors want to be convinced with an appealing report. In order for an annual or sustainability report to achieve these goals, processes must be precisely planned and implemented during its preparation. However, anyone who has ever been involved in such a process knows that it is never as easy as planned and that the nights get longer and longer towards the finalisation date.

 

The result: reports do not realise their full potential because companies are already working at full capacity with the fulfilment of pure reporting requirements. Errors can occur if the coordination between departments or different locations is complicated, especially if there are different time zones, for example. Centralised coordination and final reconciliations are time-consuming and, last but not least, there may be translations into different languages that also need to be checked for correctness.

With the right digital tools, annual reporting can be much easier and more efficient - and a full HTML report for the company website can also be created automatically from existing data and content.

How Workiva and the RYZE
Reporting Hub work together

This is made possible by using the cloud-based platform Workiva in combination with the RYZE Reporting Hub. Workiva is a leading platform solution for the creation of annual and sustainability reports. Thousands of international companies already use it for their annual financial reports. But Workiva can do more than just corporate reporting: audit and risk management can also be implemented with the platform, for example. This can simplify reporting and compliance processes, as Workiva's continuous development and adaptation to constantly changing legal requirements make reporting much easier.

 

Different departments and different business partners such as auditors, translators and us as an agency partner can work on the reports simultaneously and in real time. Reporting can be coordinated transparently with individual roles for employees and collaborating partners via comments. And thanks to numerous interfaces, common business software can feed data directly into Workiva or process it further. The requirements for ESEF publication can also be met thanks to integrated functions.

 

Among other things, the RYZE Reporting Hub can be linked directly to Workiva. This means that finance departments, editorial teams, graphics teams, translation agencies and auditors can work together in Workiva on an annual financial report, ensure that all information is correct - and publish the finalised result automatically as a full HTML report on the website using the Reporting Hub.

The full HTML report is based on the harmonised and centrally created report in Workiva. Accordingly, there is no need to check the content again, as verified data is used for the automatic creation of the online version. The same applies to the translations, which are finalised and coordinated in both versions. Annual reporting could not be simpler.