All publicly listed companies and virtually all private companies prepare an Annual Report, each year. Annual reports are prepared in accordance with the statutory requirements of a particular jurisdiction. These reports are typically prepared to fulfill an organization’s obligations to government authorities, regulatory bodies and other stakeholders.

Annual reports are intended to provide insights into an organization's financial performance, evaluate progress towards goals, and enhance corporate governance. However, the process to prepare the annual report can be challenging due to tight timelines, changing reporting rules, and challenges in managing multiple data sources and ensuring data accuracy.

Gravity provides an ideal platform for organizations to prepare annual reports:

• Gravity provides a comprehensive document management platform where users can manage the creation of annual reports within a secure and auditable environment.
• Gravity’s multidimensional financial data model (MDFM) provides a single repository for all source data, financial adjustments, calculations and rollup structures.
• Gravity Integration Services makes it easy to load data from a wide variety of underlying source systems, perform calculations on the data based on pre-defined rules, and then save the data into the MDFM data model.
• Gravity also supports automatic financial rounding, which ensures that data on the statements always ties out and is consistent across the entire report.
• Gravity supports multiple languages, so it is easy to produce annual reports in any language or in multiple languages.
• Gravity is a 100% cloud-based application – making deployment fast & easy.