Follow these tips to improve your global statutory reporting process: 1) Move away from traditional word processing spreadsheets and shift to a secure cloud reporting platform. 2) Centralize your entity reporting process to enable consistency, increase oversight, and improve team collaboration. 3) Save time by connecting data from your system of record directly to your system of work. 4) Connect your data, numbers, and narrative to ensure they are always up to date throughout financial statements and disclosures across different entities. 5) Have a smooth audit process by using a connected platform that makes record-keeping transparent and accurate.
Prior to 2020, there were four health reimbursement arrangements (HRAs) and a further two which were made available in 2020. This chart will help you compare all important details among HRAs.