What does Finrep do for SEC reporting teams?

Finrep provides purpose-built workflows for SEC reporting including roll-forward analysis, peer alignment benchmarking, comment letter risk detection, filing readiness checks, and AI-assisted disclosure drafting — all grounded in evidence and peer precedent.

How does Finrep help with 10-K and 10-Q drafting?

Finrep's Disclosure Drafting workflow drafts or refines 10-K and 10-Q sections using peer precedent, prior period language, and applicable ASC guidance as grounding sources. Every output is traceable to its source.

Can Finrep help respond to SEC comment letters?

Yes. Finrep's Comment Letter Response workflow drafts substantive, defensible responses to SEC staff comment letters by referencing peer company responses and applicable accounting guidance.

What workflows does Finrep offer for CFO and Controller teams?

Finrep offers Certification Readiness, Cross-Period Consistency, and Board Briefing workflows — covering pre-certification risk summaries, narrative consistency checks, and audit committee-ready disclosure summaries.

Does Finrep support ESG and sustainability reporting?

Yes. Finrep includes ESG Disclosure Benchmark and ESG Regulatory Monitoring workflows, supporting TCFD, SASB, and GRI framework alignment as well as SEC climate disclosure rule tracking.

Which teams in the CFO office does Finrep support?

Finrep supports SEC Reporting, Technical Accounting, Legal Counsel, Investor Relations, Disclosure Committee, CFO and Controller, Tax Team, and ESG Reporting functions.

How is materiality determined?

Configurable threshold. Default: movements exceeding 5% and $X threshold (configurable by line item category). All movements above threshold surfaced for commentary consideration.

What does driver decomposition cover?

Revenue: volume, price, mix. Gross margin: input cost, labor, overhead. Operating expenses: category-level breakdown. Working capital: receivables, inventory, payables drivers. Framework calibrated by sector.

How is peer language sourced?

From EDGAR MD&A sections of peers who reported comparable movements in the same period or recent comparable periods. Verbatim language source-linked per variance.

What does prior period drift detection cover?

Language in your prior period Item 303 that has changed in the current draft without a corresponding financial movement, and movements that warrant a narrative change but have not triggered one.

Does it cover non-GAAP metric variances?

Yes. Non-GAAP metrics present in prior period commentary tracked for both movement and narrative consistency.

Can I run this before the draft is written?

Yes. Run on the financial statements before drafting begins. The grounded base is the input to the drafting step, not a check after it.

Investor Relations

Variance Explanation

Variance explanation translates material period-over-period movements into Item 303 narrative that ties to the financials and holds up to the sell side. Finrep detects material variances, decomposes likely drivers, pulls peer language for comparable movements, and flags drift from your prior period narrative.

Detected + decomposed

Material variances with driver analysis

EDGAR-linked

Peer language for the same movement

Drift-flagged

Prior period narrative consistency checked

See sample reports

Sample Variance Explanation Reports

See what a Finrep variance explanation looks like. Download and review the full output.

Today's reality

Variance Explanation without Finrep

Material variances identified manually from the financial statements under close cycle pressure
Driver decomposition based on internal knowledge, without peer language as a reference
Prior period narrative consistency checked by the same person who wrote it
Commentary written without a structured peer benchmark for the same movement

Investor Relations · Drafting

Every material movement needs a narrative. The sell side will have one if you do not.

Analysts model every line item. When revenue growth decelerates, gross margin compresses, or operating expenses accelerate, they have an explanation ready before the earnings call. The question is whether your Item 303 commentary offers the same explanation or leaves the narrative to them.

Writing it requires three things that happen sequentially under deadline: detecting which movements are material, decomposing the likely drivers with specificity, and finding how peers explained the same movement. The sequence takes days. The filing deadline does not adjust.

Without Finrep

Manual process

Material variances identified manually from the financial statements under close cycle pressure
Driver decomposition based on internal knowledge, without peer language as a reference
Prior period narrative consistency checked by the same person who wrote it
Commentary written without a structured peer benchmark for the same movement

With Finrep

Automated workflow

Material variances detected automatically from the financial statements
Likely drivers decomposed with specificity and peer language for the same movement surfaced
Prior period narrative drift flagged before the current draft is finalized
Item 303 commentary grounded in detected movements, decomposed drivers, and peer practice

From financial statements to grounded Item 303 commentary in four steps

Upload your financial statements

Drop your current period and prior period financials. Finrep detects material period-over-period movements by line item and calculates variance magnitude.

Finrep decomposes drivers and pulls peer language

For each material variance, likely drivers decomposed based on line item type and magnitude. Peer language from EDGAR for comparable movements in the same sector surfaced with source links.

Review variance flags and prior period drift

Material variances shown with decomposed drivers and peer language. Prior period narrative flagged where current period language has drifted without a corresponding movement.

Write commentary from the grounded base

Item 303 commentary written with variance detection, driver decomposition, peer language, and drift flags already assembled. Drafting starts from substance.

What you get

Grounded variance analysis with driver decomposition, peer language, and drift flags

Grid ReportsDisclosure ComparisonAsk Fina

Investor Relations

What Variance Explanation does at a glance

Team: Investor Relations
Filing phase: Drafting
Output: Grounded variance analysis with driver decomposition, peer language, and drift flags
Modules: Grid ReportsDisclosure ComparisonAsk Fina

What changes when every variance arrives with a decomposed driver and peer language

Automated material variance detection

Every period-over-period movement calculated across the income statement, balance sheet, and cash flow statement. Materiality threshold configurable. Movements ranked by magnitude and flagged for commentary. No manual comparison across two sets of financials.

Driver decomposition by line item type

For each material variance, likely drivers decomposed based on line item economics: revenue variance decomposed into volume, price, and mix; margin variance decomposed into input cost, labor, and overhead; operating expense variance decomposed by category. Decomposition grounded in sector-typical driver frameworks.

Peer language for comparable movements

For each material variance, peer language from EDGAR pulled for comparable movements in the same sector. Shows how peers explained the same directional movement: revenue deceleration, margin compression, working capital build. Verbatim language source-linked.

Prior period narrative drift detection

Your prior period Item 303 commentary compared to the current draft. Language that has shifted without a corresponding financial movement flagged. Language that should have shifted given the movement but has not also flagged.