Investigate and validate your current process - Regulatory Reporting Help, Inc.

Build an “As Is” documents map of current process: Establish clear documentation and support practices to streamline the current reporting process.
Resolve current process issues: Identify and resolve anything that has caused disruptions of the current process or pushes the reporting process off track.
Implement a reconciliation process: Perform a reconciliation process across reports to detect data inconsistencies, delays that jeopardize accuracy.
Conduct data validation tests: Ensure accurate and timely data collection and validation are core parts of your process.
This can be time consuming: This method is the most time consuming of the three and requires an active and proficient continuous improvement team.