The business challenges facing internal and regulatory financial reporting will be the focus of an information session hosted by BCS, IBM’s Bermuda agency, at Newstead Belmont Hills tomorrow.The event, which will be held at Newstead’s L’eau Bar between 4.30pm and 7.30pm, will look at the increasing pressure that organisations are under to provide faster, more accurate, detail-oriented reporting brought on by the more granular compliance demands of governing bodies.Aimed at finance professionals, the late afternoon session will address how to respond effectively to the intense scrutiny of regulators and stakeholders by improving financial processes and controls, specifically in the crucial final stages before disclosure.BCS general manager Aaron Smith said: “Our goal for this event is to show finance professionals how the right technology and proven best practices can decrease workload, and improve timelines and quality in reporting. Our reporting tool is designed to reduce risk, drive confidence and efficiency, and effectively meet new regulatory demands, such as Level 4 XBRL tagging.”Attendees will see a product demonstration on how to address a wide range of financial and operational planning requirements and how, when utilising the full capabilities of the application, companies can fully automate their financial reporting process.Joining BCS will be representatives from local IT solutions company, Emergence. Presenting will be Patrizio Calitri and James Moffatt of IBM, who will share their knowledge of the industry and demonstrate how businesses can benefit from IBM Cognos FSR.For more information contact Celina Florendo at celina[AT]bm.ibm.com or visit the website at http://www.bcs.bm/documents/IBMFSREventInvite.htm