THE International Integrated Reporting Council (IIRC) has joined forces with a group of technology companies to develop IT solutions to support the adoption of integrated reporting.
Launched yesterday, the initiative will look at how technology can underpin new trends in corporate reporting and how technology can be applied to assist adopters.
The group of technology companies – CRedit360 (UK), Deloitte, Indra (Spain), PwC (US), SAP (Germany) and Tagetik (Italy) – have joined the initiative as ‘charter members’ with a number of other interested parties set to follow.
The goals of the initiative are to evaluate how technology is used to facilitate corporate reporting and related management processes, how it might enhance integrated thinking, how software can capture narrative elements of reporting, and how technology can facilitate the audit & assurance of an integrated report.
Paul Druckman, CEO of IIRC [pictured], said, “Leading companies around the world are already adopting < IR> in their organizations, and there is a crucial role for technology companies to play in helping to make this happen.
“Through this initiative, technology companies will learn of the challenges and problems faced by organizations practicing next generation reporting, so that tools and technologies can be applied to make corporate reporting faster, more efficient, more accurate and better integrated into business processes. It will also aim to enhance the experience for users of reports.”