Outsell’s Research Shows Closing the Books Doesn’t Have to be a Headache

BURLINGAME, Calif. - March 17, 2015 - PRLog -- Outsell, Inc (http://www.outsellinc.com/)., the world’s only research and advisory firm focused on media, information and technology, today announced publication of a new report, Governance, Risk & Compliance: Financial Disclosure Market Size, Share, Forecast, and Trends (http://www.outsellinc.com/store/products/1297). Despite US SEC, UK HMRC, and India MCA mandates for automated financial filing, a significant number of companies are still not complying. This presents challenges and opportunities for financial disclosure solution providers, an industry Outsell estimates at $478 million, growing to almost a half-billion by 2016.

Automated financial reporting and filing continues to haunt many accountants, who are accustomed to conducting their financial close processes manually. Unfortunately, this outdated process is not only non-compliant in numerous regions, but it also leads to higher risk of reporting errors, resulting in unforeseen costs (fines and penalties) that cut into the respective companies’ P&Ls and tarnishes investor confidence, affecting corporate valuation.

Outsell’s report:

·        Defines disclosure management in the context of corporate financial compliance.

·        Identifies key players in this growing space.

·        Outlines the vast opportunities ahead for providers in light of an increasingly globalized market.

“The biggest barrier to automated financial disclosure management remains the reluctance of the corporate finance professional to use the tool,” said William Jan, VP & Lead Analyst at Outsell. “Educate this audience first, implement the technology second, and train the users on the tool third. Even if the office of the CFO signs off on procuring and implementing an automated solution for the finance team, and no one uses it, the customer will see the solution (and, thus, its provider) as a failure, despite the flawless functionality of the platform.”

For media inquiries, please contact Derek Beckwith, Warner Communications, at derek@warnerpr.com, or call +1 978-922-0818.

For more information about this report, please contact Srini Gomatam, info@outsellinc.com, or call +1 650-342-6060.

About Outsell, Inc.

Outsell, Inc. (http://www.outsellinc.com/)is the only research and advisory firm focused solely on media, information, and technology. We use a time-tested, quality-proven, top-secret blend of data, brains, community, and pizzazz to produce extraordinary value for our clients. Elite information industry executives from all over the world look to Outsell for trusted advice, bold insights, and confidential access to exclusive intelligence and decision support. Outsell has your back. You’ll stay more focused, save time, grow revenue in a fast-changing digital environment, and sleep better at night. Guaranteed.