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Last year, one third of the Fortune 100 - including companies like Microsoft, Morgan Stanley and Motorola - used an alternative to the traditional annual report to communicate their financial results to their shareholders.
In a recent survey of U.S. public companies conducted by the National Investor Relations Institute (NIRI), the majority of respondents said they used a non-traditional format to report their 2003 financial results to their shareholders.
Using Direct Financial Reports™, public companies can save at least 50 percent of the costs associated with producing a traditional annual report.
Benefits
For an increasing number of public companies, the traditional "big budget" annual report has become the most expensive and least effective way to communicate financial information to shareholders.
Direct Financial Reports™ was developed as a cost effective alternative for designing and producing annual and quarterly financial reports.
Direct Financial Reports™ saves public companies time and money by:
- Creating a customized financial report design template that can be used year after year
- Importing the final content of the report, including tables, charts and financial statements, directly into this template from commonly used word-processing and spreadsheet programs
- Avoiding the costly and time consuming process of producing and editing multiple drafts
- Eliminating expensive creative design, photography, film and pre-press charges
- Using digital print-on-demand production to create finished copies only when they are needed
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Fortune 100 Annual Report
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