ESEF for manufacturers of consolidation software

Annual financial reports from issuers of the securities traded in the European financial markets must be published in the European Single Electronic Format – ESEF – for financial years beginning on January 1, 2020. In the future, IFRS consolidated financial statements must be published in the form of “Inline XBRL® data” – a “hybrid type” document, on the one hand like a website “readable for human eyes” (xHTML), supplemented by selected machine-readable XBRL®structural information.

The entire process chain is affected by the digital transformation, starting with the preparation of the consolidated financial statements by the issuer, auditing by auditors, preparation of the financial statements by external agencies, publication or disclosure, to use by service providers or ultimately investment professionals and investors.

anuboXBRL offers software manufacturers the following services:
    • technical support in your software development for the creation of ESEF data
    • Development of a detailed technical concept in joint workshops
    • Open source XBRL software
    • Quality assurance of your software:
      • generated instances,
      • company-specific taxonomy extensions,
      • Compliance with the ESMA Regulatory Technical Standards (RTS), etc.
      • ESEF Conformance Suite 2020 test cases
      • Adherence to further technical “best practices”

Secure your XBRL project. Talk to us:

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"The desired economic effects will only materialize insofar as the digital transformation actually reaches data users, investment professionals and investors."