Moving corporate reporting from the age of Gutenberg into the digital age. This is (also) what is at stake in the current trends towards more and more digital report standardisation and regulation. European regulators took it seriously in the aftermath of the 2008 crisis, and the financial industry at large has been subjected to mounting pressure from frowning authorities. Compliance filings are now a well-understood obligation. Nice XBRL-driven reports are churned out, transparency is improved, analysis facilitated, and financial statements widely made available.
All this came, and still comes, at a price, needless to say. The question is now how to take advantage of these new regulatory reporting. Why not give a try and improve your company’s data governance and editorial processes? Removing manual constraints linked to report preparation and analysis is one thing. But what about orchestrating your information more harmoniously? All too often, data for internal reporting, statutory reporting, tax reporting and prudential reporting is stored in silos, embodied in as many IT subsystems. And this prevents businesses from making informed decisions about corporate data as a whole.
The nice thing with Acsone’s approach is that on top of sharing your project culture we also supply a powerful open XBRL engine that will take care of ALL your XBRL publishing needs. AREVIO is like a robust XBRL Swiss knife perfectly suited to all taxonomies you have to comply with. Not only ESEF! Check here what it can do. Then, you imagine how easily you could make converge various data streams into AREVIO, which in turn would produce the suitable reporting items ready for submission to the various authorities in charge.
We would be delighted to work with you and together
- analyse your reporting requirements
- check what relevant data to get and wherefrom
- harmonise data granularity, units, dimensions, groupings across all reporting entities within your company
- suggest innovations in line with your digital transformation approach
- decommission any legacy reporting tool and reap the related budget for a better use
- streamline your trial-and-error process when submitting XBRL filings and save precious time
Looking forward to hearing from you soon!