CaseWare Working Papers is the first choice of finance professionals around the world for automating complex financial reporting. When spreadsheets are the problem, CaseWare's sophisticated features are the solution.
We've developed this article series to outline many of these features for two reasons:
- so prospective users can appreciate all of CaseWare's power and
- to encourage existing users to maximize their utilization of the software.
One of the CaseWare's features that will reduce time spent on the year end and yield better quality results is its Content Library.
If you are used to maintaining your financial reports in spreadsheets, you know it is all up to you. You have to develop your own formats and content whenever there is a new pronouncement and you are responsible for updating and maintaining your own custom Excel worksheets forevermore. Rather than building your reports from scratch, you can leverage the power of CaseWare's platform for management and use of standard content. Major features include:
- Predefined & updated content - CaseWare Financials comes pre-packaged with extensive libraries of content that are pre-configured to use standard group codes. The library includes standard statements, schedules and hundreds of notes. There are different libraries (ASPE, GAAP, GASB & IFRS) and your annual software license provides content updates, providing you with tested and reviewed content to ensure compliance with new standards. Thus, when a GASB pronouncement dictates you need a new pension note, it is ready and waiting for you to insert into your financial statements.
- Add your own content - While the content library can certainly aid when a new report or disclosure is required, you can always add your own content to the library. This allows you to reproduce any existing statements or handle a special reporting requirement. Adding your content is simple and you can even integrate directly into the library's strong content management and organization features.