Helping Listed Companies in the European Union in XBRL Reporting for ESMA Regulatory Compliance
With ESEF regulation coming into effect from 1 January 2020, the issuers of publicly traded securities in the European Union need to prepare their annual report in XHTML format. Further, when the annual report contains consolidated financial statements prepared in IFRS.
Issuers need to have a solution that helps them comply with ESEF regulation on time with zero errors.
DataTracks Rainbow is an innovative cloud-based software for smarter compliance reporting and disclosure management that allows its users to import Annual Report in multiple formats including rich design PDF and generate XHTML or iXBRL by retaining the input layout.
In this webinar, you will learn as how Rainbow helps you with the following:
Speakers:
Vergil Lamech – ESEF Solution Expert
With our bolt-on approach of reading rich design PDF, allowing the XBRL tagging on top, and generating the XHTML by retaining the same rich design, filers need not make significant changes to their current processes.
Create and manage XBRL with multiple tagging options for table and narrative contents and with taxonomy listed in all the EU languages. 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.
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.
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 reflected 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.
Export outputs in multiple formats such as HTML, XHTML, PDF, Word and Excel. Additional specific requirements of each EU member state are also covered.
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 which will be useful for companies with dual filing responsibility (ESMA and US SEC).
"We have been using DataTracks software to successfully submit the last three quarterly and annual QRT to the regulators. We are very satisfied with their efficient customer support, available any time of the day."
"Working with DataTracks means working with a user-friendly, fast and efficient replacement for any compliance software in the market. Their exceptional team and quick response time have been very helpful."
"We worked with the incredible assistance of DataTracks to ensure we successfully filed our FINREP and COREP reports with the regulator. Their support team was easy to work with and assisted us round the clock to ensure we filed error-free reports on time."
+44(20) 8099 8020
+44 (20) 3608 1300
DataTracks Europe B.V.
Herengracht 420
1017BZ Amsterdam
The Netherlands
enquiry@datatracks.eu
customercare@datatracks.eu
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