RALEIGH, N.C., June 27, 2024 (GLOBE NEWSWIRE) -- insightsoftware
(https://insightsoftware.com/), the most comprehensive provider of solutions for
the Office of the CFO, today announced its Environmental, Social, and Governance
(ESG) solution. Initially focused on organizations impacted by the coming
Corporate Sustainability Reporting Directive
(https://finance.ec.europa.eu/capital-markets-union-and-financial-
markets/company-reporting-and-auditing/company-reporting/corporate-
sustainability-reporting_en) (CSRD) requirement, insightsoftware ESG
(https://insightsoftware.com/connected-solutions/insightsoftware-esg/) is a
robust, end-to-end solution that supports organizations throughout their
sustainability journey. The modular solution simplifies and automates ESG
reporting, saving time and improving visibility. It enables businesses to
collect, consolidate, and analyze ESG data from any source and create accurate
and compliant reports in minutes versus weeks or months.
ESG reporting mandates, such as the CSRD, greatly affect how organizations
prioritize sustainability efforts. Unfortunately, ESG reporting is complex,
requiring data from multiple sources, such as enterprise resource planning,
sustainability systems, customer relationship management, and human resource
management. These systems are often siloed across an organization and its
suppliers, adding to the complexity. Businesses also struggle to collect and
consolidate ESG metrics alongside their financial data. Disjointed systems and
inefficient processes limit an organization's ability to provide ESG
transparency and accountability to investors, consumers, regulators, and
stakeholders.
insightsoftware ESG is a modular solution that empowers businesses to tailor
their sustainability journey and make informed decisions while adapting to
evolving regulations. Its pre-configured, expandable data model streamlines
compliance while supporting various reporting frameworks.
Key features include:

  * Effortless Data Collection & Consolidation: Pre-configured, future-proof
    data model simplifies gathering of all data types (narrative, numeric, and
    calculated) for CSRD compliance. insightsoftware ESG allows customization
    based on an organization's materiality assessment, which streamlines the
    reporting process and ensures businesses capture what matters most to their
    stakeholders.
  * Complete Picture, Simplified Workflow: Manage all reporting entities, data
    collection and consolidation processes in a single, user-friendly platform.
    Comprehensive BI and Analytics empower organizations to create interactive
    reports and dashboards, gaining deeper insights to proactively monitor and
    improve their ESG performance.
  * Seamless Compliance & Filing: The integrated solution streamlines CSRD
    compliance generating high-quality sustainability reports compliant with
    eXtensible Business Reporting Language (XBRL) filing requirements. This
    ensures timely, accurate filing, allowing businesses to focus on
    sustainability initiatives.
  * Future-Proof Flexibility: Businesses can start with data collection or
    reporting and filing. The modular design adapts to an organization's
    specific needs and future regulatory changes.

"New ESG mandates are forcing organizations to move from a voluntary to a
statutory framework, which often requires capturing and reporting on entirely
new data types. As a result, inconsistent ESG reporting can lead to missed
deadlines, increased costs, compliance risks, and reputational damage," said
Monica Boydston, General Manager, Controllership at insightsoftware.
"insightsoftware ESG empowers organizations to accurately and efficiently
satisfy reporting requirements to internal and external stakeholders,
demonstrating commitment to their sustainability efforts and effectively
utilizing their ESG data as a strategic driver for organizational growth. With
over 20 years of experience supporting companies with diverse filing
regulations, we're uniquely positioned to guide businesses through the ever-
evolving ESG reporting landscape."
Built on top of proven close and consolidation, disclosure management, and BI
technology used by thousands of customers globally, insightsoftware ESG includes
the controls, audit trail, and security needed to deliver investor-grade data
and meet statutory filing requirements. It ensures businesses can measure the
impact of their ESG initiatives, attracting ESG-focused investors.
To learn more about insightsoftware ESG and how it can better support an
organization's sustainability goals from data collection to compliance and
stakeholder communication, visit the insightsoftware website
(https://insightsoftware.com/connected-solutions/insightsoftware-esg/). A
webinar diving deeper into insightsoftware ESG capabilities can also be found
here (https://insightsoftware.com/resources/esg-regulation-is-here-are-you-
ready/).
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About insightsoftware
insightsoftware is a global provider of comprehensive solutions for the Office
of the CFO. We believe an actionable business strategy begins and ends with
accessible financial data. With solutions across financial planning and analysis
(FP&A), accounting, and operations, we transform how teams operate, empowering
leaders to make timely and informed decisions. With data at the heart of
everything we do, insightsoftware enables automated processes, delivers trusted
insights, boosts predictability, and increases productivity. Learn more at
insightsoftware.com (https://insightsoftware.com/).
Media Contacts
Inkhouse for insightsoftware
insightsoftware@inkhouse.com (mailto:insightsoftware@inkhouse.com)
Daniel Tummeley
Corporate Communications Manager
pr@insightsoftware.com (mailto:pr@insightsoftware.com)
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