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Ideagen Disclose

Score7.3 out of 10

1 Reviews and Ratings

What is Ideagen Disclose?

Ideagen’s financial disclosure checklist SAAS solution aims to provide an efficient way to check the disclosures required by accounting standards and legislation needed for entities preparing financial statements. Ideagen Disclose (formerly Pentana Disclose) offers accounts disclosure checklist packages for FRS, IFRS and US GAAP.

Categories & Use Cases

Top Performing Features

  • Performance data reports

    Standardized reports containing system monitoring data and metrics

    Category average: 9.3

  • Customizable reporting

    Administrators can use reporting engine to build custom reports

    Category average: 8.8

  • Data visualization

    Ability to produce visualizations to simplify understanding of data

    Category average: 9.3

Areas for Improvement

  • Data backup and recovery

    Backup and recovery of lost data

    Category average: 9.1

  • Administrator access control

    Management and restriction of user access to specific system assets

    Category average: 9.1

Good cloud based disclosure software

Use Cases and Deployment Scope

We use Ideagen Disclose to check financial statements prepared for clients to ensure the technical accounting disclosures are correct. This is to ensure the statutory accounts which we issue to clients are complete and robustly checked - a requirement of our regulator. Failure to ensure such disclosures could lead to statutory accounts not being in accordance with legal requirements.

Pros

  • Disclosures for UK companies
  • Disclosures for UK charties
  • Disclosures for UK LLPs
  • Cloud based

Cons

  • Tailor disclosures for Scottish charities
  • Integration with other accounting softwares

Return on Investment

  • Disclosures are accurate
  • No failures in disclosures to report

Usability