Financial Reporting Software for AIM-listed companiesSarah Whitworth
The Alternative Investment Market (AIM) is the London Stock Exchange’s international market for smaller growing companies. A wide range of businesses including early stage, venture capital backed as well as more established companies join AIM seeking access to growth capital.
Listed companies must adhere to the AIM Rules for Companies. Rules 18 and 19 relate to the filing of half-yearly reports and annual accounts. This is often be a complex and time-consuming process which places a strain on resources and puts the integrity of data under the spotlight.
Rule 18: Half-yearly reports
“An AIM company must prepare a half-yearly report in respect of the six month period from the end of the financial period for which financial information has been disclosed in its admission document and at least every subsequent six months thereafter (apart from the final period of six months preceding its accounting reference date for its annual audited accounts).”
Rule 19: Annual accounts
“An AIM company must publish annual audited accounts which must be sent to its shareholders without delay and in any event not later than six months after the end of the financial year to which they relate.”
Financial Reporting made simple
Dramatically reduce the time it takes to produce these financial and management reports with the CCH Tagetik Collaborative Office which combines familiar reporting tools with real-time data, automation and financial intelligence. Investors will get timely results, with confidence that the correct numbers have been produced and making it easier to provide auditors with relevant reports.
CCH Tagetik, powered by the Analytic Information Hub, centralises all corporate data in a single trusted source that seamlessly integrates with Microsoft Office. To ensure reports are always consistent, they dynamically update with the most recent data and narrative when changes occur.
This self-service tool enables all users to slice, dice, drill, and transform data to produce value-added analysis. Teams can collaborate easily using a built-in workflow, centralised data source, and versioning controls. Whether you’re creating the annual report, budget book, or earnings presentation, you’ll always have confidence that your data is correct and consistent.
Over the past few years, HAYNE has built up experience of the specific needs of AIM-listed companies such as Breedon Group plc, Renold plc and Gama Aviation plc who commented:
“In a period of intense change at our business, including a group-wide evolution in our financial consolidation and reporting capabilities, HAYNE supported the implementation of CCH Tagetik for both management and statutory reporting. The initial brief required the project team to move very quickly to implement a workable management reporting system to replace a creaking excel based process. HAYNE understood from the outset the need for a series of “quick wins” that we could then build out from, earning the support of the organisation and building credibility for the project along the way. Throughout the project we have been impressed by HAYNE’s flexibility, client service and the quality of the project resources that have been made available to us.”
Will Goring Group Financial Controller – Gama Aviation plc (AIM-listed)
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