Regulatory reporting poses unique challenges to issuers, but these challenges can be effectively solved by empowering compliance teams with strong technology. We understand the varied challenges that filing entities face – such as having to maintain consistency in data between multiple formats of reporting like HTML and XBRL. Further, with the European Securities and Markets Authority (ESMA) migrating to the new European Single Electronic Format (ESEF) from January 2020, companies are more in need of a streamlined reporting tool now than ever before.
DataTracks eases the preparation of compliance reports by letting filers focus on data without worrying about the technical complexities of iXBRL. Our state-of-the-art, single-source platform supports easy, collaborative document preparation, facilitates control without your compliance team having to do all the work, ensures consistency between HTML and XBRL formats, allows quick last-minute changes, and ensures the right version is validated for filing. Changes to the contents automatically reflect in all output formats. Irrespective of evolving regulations and constant taxonomy changes, prompt updates to our framework means you never have to worry about keeping up.
Prepare compliance reports in our cloud-based software with multiple people working simultaneously on the same document from diﬀerent locations, by directly uploading, manual keying in or copy-pasting data. Highlight and insert comments on the document to carry out discussions. Track all changes to the document and accept/reject changes.
Create and manage XBRL elements with multiple tagging options for table and narrative contents. Compare the taxonomy elements in your document with peers to identify industry standards. Roll forward and re-use XBRL tags from previous filings for consistency. Certified by XBRL International and XBRL US, our software assures error-free output for live submission with ESMA.
With our Autolink feature, connect and bring in the data from your ERP systems and various other data sources including oﬄine spreadsheets ensuring comprehensive data integrity. With our Data Cloning feature, link the same data items in multiple locations in the document so that changes made in one location get reflect in all the locations.
Last minute changes can be handled quickly; changes made to the content are automatically updated in all the output files.
Create user group and define authority levels that regulate a user’s privileges on various activities in the application. Split the document into as many sections as you want and manage user access to each section.
You can manage the entire reporting process in-house with minimal training as our software is easy to handle. Our user-friendly, intuitive platform simplifies the XBRL work, letting you generate reports with confidence. We provide unlimited support at no additional charge.
Export outputs in HTML, PDF, Word, XBRL and iXBRL formats from the same source document. Extract XBRL data in Excel spreadsheets with XBRL tags embedded to facilitate easy review for accountants. Further export the report in a format compatible for design software to beautify the content.
Our software is certified by XBRL International Organization assuring error-free XBRL/iXBRL output. Further, XBRL data is also validated against the rules framed by Data Quality Committee (DQC) of XBRL US.
DataTracks prepares more than 12,000 XBRL statements annually for filing with regulators such as SEC in the United States, HMRC in the United Kingdom, Revenue in Ireland, Eurofiling compliance reports in Europe, ACRA in Singapore and MCA in India. Honed by our experience of preparing more than 160,000 compliance reports, our solutions and services are designed to assure quality, reliability and ease of use.
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