XBRL Tagging
Tag financial data in the annual reports and financial statements according to the ESEF taxonomy, ensuring accurate and consistent tagging of data elements.
Data Import and Integration
Import financial data from various source systems, accounting software, or spreadsheets, and integrate it into a unified ESEF-ready format.
Mapping and Mapping Validation
Map imported data to appropriate ESEF taxonomy elements and validate the mappings to ensure compliance.
Inline XBRL (iXBRL) Support
Convert financial reports into iXBRL format, which combines human-readable and machine-readable elements, as required by ESEF.
Templates and Report Generation
Offer customizable templates and tools for generating ESEF-compliant reports, allowing companies to maintain their branding while complying with regulations.
Review and Collaboration
Facilitate collaboration among teams by providing a platform for multiple stakeholders to review and approve reports before submission.
Validation and Compliance Checks
Perform automated checks and validations against ESEF requirements to identify and rectify errors and inconsistencies.
Audit Trail and Version Control
Maintain an audit trail and version control to track changes made to reports, ensuring transparency and compliance with regulatory requirements.
Multi-Lingual Support
Support multiple languages to accommodate companies operating in diverse international markets.
Data Quality Assurance
Check for data accuracy, completeness, and consistency to enhance the overall quality of financial reports.
Taxonomy Updates
Automatically update the software with the latest ESEF taxonomy versions and regulatory changes to ensure ongoing compliance.
XBRL Instance Document Generation
Create the final XBRL instance document ready for submission to regulatory authorities.
Filing and Submission
Facilitate the submission process by allowing companies to electronically file ESEF reports to the relevant regulatory bodies.
XBRL Disclosure Management
Manage disclosure requirements for various regulatory bodies in addition to ESEF, streamlining the reporting process for multinational companies.
Customization and Flexibility
Provide flexibility for companies to adapt the software to their specific reporting needs and industry-specific requirements.
Compliance Reporting Alerts
Send alerts and notifications to ensure companies stay up-to-date with changing regulatory requirements and deadlines.
Training and Support
Offer training materials, documentation, and customer support to help users understand and effectively use the software.
Data Security and Confidentiality
Implement robust security measures to protect sensitive financial data and ensure compliance with data privacy regulations.
Scalability
Accommodate companies of various sizes, from small businesses to large enterprises, operating in different industry sectors.
Historical Data Management
Manage and maintain historical financial data to support retrospective reporting requirements.