Comply with EBA regulatory requirements and align with changing mandates

FinRep requires the disclosure of highly detailed, standardized financial data. But for many banks and investment firms, that means sourcing information from multiple systems that weren’t designed for regulatory reporting.  

CCH® Tagetik EBA Consolidated FinRep connects EBA FinRep reporting compliance to your financial close and consolidation data. The combination of leading-edge automation and a single source of trusted data results in submissions created in less time with less risk of errors.

3 reasons why CCH® Tagetik EBA Consolidated FinRep lets you focus on your business

One platform for FinRep and the financial close

By integrating FinRep data and compliance reporting requirements, finance can respond rapidly to EBA Taxonomy changes while eliminating manual work, audit risk, and inefficient fragmented approaches.

Put finance in control

No code, no wait times, no problem. Finance-first configuration empowers finance and compliance teams to manage templates and updates without IT intervention.

Get compliant and stay compliant

Our ongoing, non-disruptive updates keep you aligned with evolving EBA mandates. We update the solution every time the taxonomy changes.

Automate EBA compliance reporting from FinRep disclosure to filing

Create EBA compliant disclosures with preconfigured FinRep automation. This regulatory solution is optimized for EBA compliance but easy for finance teams to manage and customize based on their unique disclosure needs.

  • Use EBA configured templates, validation rules, and XBRL mapping
  • Catch errors with smart validations and diagnostic checks based on EBA logic
  • Non-disruptive solution updates in line with EBA taxonomy changes
  • Automatic audit trail from FinRep disclosure regulatory reporting to underlying financial data
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All FinRep data, reporting, and taxonomy rules under one roof

Do away with scouring legacy systems or spreadsheets for data. Instead, bring the financial close and EBA data together in CCH Tagetik’s trusted platform. With trusted data at your fingertips, finance teams can create compliant FinRep filings and respond rapidly to EBA taxonomy changes. 

  • Direct integration with close and consolidation data 
  • Predefined configured templates, calculation logic, and validation rules 
  • Automatic XBRL mapping and CSV generation  
  • Manage submissions across the group and local entities using a multi-level workflow
  • Make updates to templates, mapping, and rules without IT 

Learn more about CCH Tagetik EBA Consolidated FinRep

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Frequently Asked Questions (FAQ)

  • What challenges does FinRep reporting present?

    Traditional FinRep processes rely heavily on spreadsheets and fragmented tools, leading to: 

    • Difficult audits and traceability 
    • Risky maintenance due to frequent EBA taxonomy updates 
    • Data duplication and reconciliation issues 
    • Long consolidation cycles

  • How does CCH Tagetik help with FinRep compliance?

    CCH® Tagetik EBA Consolidated FinRep:

    • Automates EBA-compliant reporting using trusted consolidation data 
    • Includes prebuilt templates, validation rules, and XBRL mappings 
    • Offers full audit trails and drill-down capabilities 
    • Adapts quickly to EBA taxonomy updates 
    • Empowers finance teams with low-code/no-code flexibility

  • Is the solution suitable for multi-entity and multi-jurisdictional organizations?

    Yes. CCH Tagetik supports multi-GAAP, multi-currency, and multi-entity structures, enabling consistent FinRep reporting across regions.

  • Who typically uses this solution?

    Ideal for:

    • CFOs 
    • Heads of consolidation 
    • Regulatory reporting managers 
    • Banks and investment firms subject to CRD/FinRep 
    • Organizations replacing SAP BFC, Oracle HFM, or manual spreadsheet processes

  • What makes CCH® Tagetik EBA Consolidated FinRep unique?

    It’s the only solution that:

    • Seamlessly integrates financial close and regulatory compliance for banks and credit institutions 
    • Is finance-owned with minimal IT dependency with the low-code/no-code platform approach 
    • Future-proofs compliance requirements with rapid taxonomy updates 
    • Eliminates manual work and audit risks from legacy systems 
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