The ESEF Regulation requires that, starting in 2020, all issuers with securities listed on an EU regulated market shall prepare their annual financial reports in xHTML and mark-up the IFRS consolidated financial statements contained therein using XBRL tags and the iXBRL technology.
ADD Business Solutions in a partnership with Ernst & Young (EY) performed an extensive market study and found the best provider for ESEF reporting in accordance with new ESMA regulations. The selected provider of the solution is company IRIS Business Services with the platform IRIS CARBON. IRIS CARBON is a cloud-based, collaborative platform that helps issuers to prepare Annual Financial Reports (AFR) and meet the iXBRL reporting requirements as per ESEF iXBRL mandate. The platform comes with a robust set of features and unlimited support for the preparation, review, and filing of AFR and iXBRL documents. IRIS has been a pioneer in the XBRL implementation space since 2005 with a global footprint in over 32 countries and it is a direct member of XBRL International, XBRL Europe, XBRL US, XBRL South Africa, and is also a member of various other XBRL working groups.
Why choose The IRIS CARBON for ESEF reporting?
- Local partnership with ADD enables our customers technical support in Slovene language and offers our customer possibility of the on-site trainings and support.
- Local partnership with Ernst & Young (EY) enables our customers consulting service at the highest standards.
- Fully ESEF Ready Product: Support for iXBRL, 23 EU language labels ESEF taxonomy, including Slovene, extensions, anchoring and more.
- AI/ML (Artificial intelligence/Machine learning) Enabled Automated XBRL Tagging: Smart and automated tagging process with 100% accuracy and quality.
- Multilingual Platform Interface: Between English and 23 EU languages including Slovene, customers can choose a preferred language to use the platform. Slovene language also available to our customers.
- Easy Subsequent Filings: Create and manage subsequent period filings with ease.
- Consulting & Customized Workshops with the focus on the custom workshop helps customers to understand ESEF reporting and requirements in the details.
- Top-notch Quality: Our world-class solution and expert XBRL teams ensure your documents are dealt with the highest standards of quality.
For more information about the solution please be invited to contact us and we will provide you customized offer that will meets your needs and match your expectations.