Many companies have experienced growing pains with both their external and internal reporting and disclosure processes in recent years, because of increasing volumes of data and increasing demands from both regulators and stakeholders. To produce any number of these required reports in different departments across the organization, contributors commonly work in Microsoft Word, Microsoft Excel and Microsoft PowerPoint files, manually copying and pasting data from source systems or disparate spreadsheets, and then must pass these files back and forth over insecure channels, such as email, until the report is complete.

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