Board International strengthens ESEF compliance offering through CoreFiling partnership
The move will enable users of the Board decision-making platform to produce ESEF-compliant filings with ease
Software vendor Board International today announced a partnership with regulatory reporting software provider CoreFiling, which will see the Board decision-making platform benefit from industry-leading iXBRL reporting capabilities.
The European Single Electronic Format (ESEF) is the new standard for preparation of annual financial reports for companies listed on EU and UK exchanges. Through the partnership, CoreFiling’s iXBRL reporting functionality will be available directly within the Board platform, enabling users to easily generate compliant AFRs. Auto-tagging, table tagging and AI assistance ensures that tagging is fast, correct and consistent. All taxonomies and filing rules are managed and require no effort from the users to keep up to date.
“Our Seahorse® iXBRL offering, which is now embedded directly within the Board platform, allows companies to effortlessly convert their glossy financial statements into ESEF-compliant AFRs.. We are very happy to partner with Board to help more European issuers produce high-quality ESEF reports as easily as possible. We see this as a strategic partnership and look forward to working with Board on further regulatory and compliance requirements,” comments Philip Allen, Executive Chairman of CoreFiling.
“The Board platform offers a powerful, flexible approach to financial reporting as part of its unified business intelligence, planning, and predictive analytics environment. With many organizations facing the need to deliver ESEF compliant reports, we wanted to enhance our offering by introducing a range of iXBRL reporting features to the platform. We partnered with CoreFiling based on their industry-leading status in the field, which will enable companies to make light work of ESEF-compliant financial disclosure within Board,” comments Pietro Ferrari, CTO at Board International.
“We have already received extremely positive feedback from customers who have piloted the new iXBRL ESEF reporting capabilities and look forward to enabling more organizations to deliver compliant reports with ease,” adds Michele Bernasconi, Head of Financial Applications at Board International.
Board is the #1 decision-making platform. Founded in 1994, Board enables people to have a transformative impact on their business, helping them to intuitively explore and leverage their data in a flexible, all-in-one decision-making platform. By unifying Business Intelligence, planning, and predictive analytics, the Board platform allows companies to produce a single, accurate, and complete view of business information, gain actionable insights, and achieve full control of performance across the entire organization. Thanks to Board, more than 3,000 organizations worldwide, including Coca-Cola, Ricoh, KPMG, Puma, Siemens, and ZF Group, have deployed end-to end decision-making applications at a fraction of the time and cost associated with traditional solutions. www.board.com
CoreFiling exist to help companies and governments manage, produce, collect, review and understand performance information. Our enterprise solutions and professional services help organisations around the world improve the quality, timeliness and relevance of the information that they need to operate effectively and efficiently. The flagship True North Data Platform enables businesses and accounting professionals to integrate and publish data with confidence, ensuring the highest data quality while focusing on efficiency and ease of use. CoreFiling was founded in 1997 and is based in Oxford, UK. www.corefiling.com