PRESS RELEASE- for immediate release
Intito, a leading Corporate Performance Management (CPM) solution provider in Finland, today announced a partnership with Certent, Inc., a leading provider of software-as-a-service (SaaS) solutions for equity compensation and financial disclosure management.
“Intito are delighted to be partnering with Certent,” said Petri Sipola, CEO, Intito Finland. “Digitalization is driving change in the Office of Finance. Technology is being adopted to automate and streamline processes, gain visibility and enable governance for the finance function – and Certent CDM enables companies to standardize and control their reporting processes across business units.”
Certent is a leading provider of internal and external reporting solutions. Helping more than 2400 companies across the globe, Certent delivers software and services to comply with regulatory mandates, meet internal reporting deadlines, and standardize the overall reporting process.
The forthcoming ESMA ESEF Mandate increases the reporting burden on publicly traded companies and stresses the need for a narrative and regulatory reporting solution to generate and validate iXBRL.
Deadlines are constantly getting tighter, along with the need for increased reporting transparency and demands for more information. Processes are optimised to an extent but without a modern purpose-built solution, it’s hard to get past repeated copy-pasting, manual checking and rechecking of information leading to errors and concerns around data integrity and non-compliance.
Regulatory mandates, including ESMA’s ESEF are adding to these pressures and workload, not to mention the need for a solution to generate iXBRL. “Our partnership with Certent places us in an even stronger position to provide solutions to the Office of Finance. Certent CDM compliments our technology offering and capabilities to provide a high-performance solution for regulatory and narrative reporting to our customers. We can now provide the entire financial reporting process from closing of the books to electronic filing to regulators,” says Sipola.
‘’Certent is excited to be working with Intito. There is a long-standing relationship with Intito CEO, Petri Sipola, and deep domain expertise within the company with Catarina Asplund and her team. We look forward to building on our already established Finnish customer base and helping the Finnish marketplace adapt to the ever changing regulatory and narrative reporting landscape.’’ says Alex Wood, Certent Director of Partners & Alliances, EMEA.
Intito is a leading Corporate Performance Management (CPM) solution provider in Finland, focusing on solutions that enable high-class business analysis and support of business decision making. Intito Finance Transformation Services focuses on designing and implementing solutions for the needs of finance and business controlling function.
Certent, Inc. is a leading provider of software and services for equity compensation and financial disclosure management and reporting. Founded in 2002, Certent serves more than 2,400 public, private, and pre-IPO companies with innovative stock plan management, regulatory compliance and reporting technology. With five global offices, Certent delivers confidence across mission-critical finance and HR processes.
Petri Sipola, CEO, tel. +358 40 5725343
Catarina Asplund, Product Manager, CDM. Tel. +358 40 154 2101