The Hidden Cost of Manual ESEF Reporting
of ESEF reports contained sign errors.
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%
of filers were penalized due to late or faulty submissions.
0
%
of regulatory actions stem from disclosure issues, making accuracy critical in ESEF reporting.
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%
From Data Source to ESEF Filing: One Connected Flow
IRIS CARBON® connects every layer of your disclosure process, from raw financial data to a validated submission.
IRIS CARBON® provides intuitive tools to assist you in tagging your financial statements with the ESEF IFRS taxonomy. Our software ensures accuracy and consistency in your tagging process, reducing the risk of errors and delays.
Streamline your ESEF reporting process with automated workflows that guide you through each step, from data preparation to final submission.
IRIS CARBON® performs comprehensive validation checks on your ESEF reports to identify any errors or inconsistencies before submission. This ensures that your reports meet all ESEF requirements and are accepted by regulatory authorities.
Reduce the time and resources required for ESEF reporting with IRIS CARBON®’s efficient tagging tools and automated workflows.
Ensure the accuracy and completeness of your financial data with IRIS CARBON®’s data validation features.
Our team of ESEF reporting experts is available to provide ongoing support and guidance throughout the reporting process.
ESEF Reporting Made Easy with a Data-Driven Platform
- Reduced Costs and Resource Burden: Streamline reporting and reduce reliance on manual effort and external support.
- Improved Accuracy and Efficiency: Automate tagging and validation to ensure faster, error-free reporting.
- Simplified Compliance with ESEF Regulations: Stay aligned with ESEF requirements through structured workflows and built-in support.
- Enhanced Transparency and Stakeholder Communication: Deliver clear, consistent disclosures for better stakeholder communication.
- Gain Valuable Insights from your ESEF Data: Use structured data to analyze performance and support better decisions.
- Live Data Linking: Directly connect IRIS CARBON® data to InDesign layouts for real-time updates. Eliminate manual errors and ensure data accuracy.
- Consistent Branding: Maintain perfect brand consistency across all disclosure documents. Strengthen your brand identity and professional presentation.
- Built-In Data Validation: Leverage IRIS CARBON®'s validation rules within InDesign. Maintain compliance and minimize reporting risks.
- Enhanced Collaboration: Facilitate real-time collaboration between design and finance teams. Accelerate reporting cycles and improve efficiency.
- Automated Chart & Table Generation: Generate dynamic visuals directly within InDesign. Streamline design and enhance report clarity.
- Data Integration & Linking: Connect data from source systems and link numbers across Word, Excel, and PowerPoint. Updates flow automatically, reducing inconsistencies before tagging begins.
- Seamless Collaboration Across Teams: Enable finance, legal, auditors, and design teams to work simultaneously in one structured workflow with role-based access, comment threads, task assignments, and sign-off checkpoints built in.
- Version Management with Built-in Audit Trail: Track changes, compare versions, and maintain full visibility into updates across content and tagging for audit readiness.
- Automated Roll-Forwards for Annual Reporting Cycles: Carry forward prior period disclosures, structures, and tags automatically, improving consistency and reducing effort year over year.
- AI-Powered XBRL Tagging: Handle complex ESEF tagging with confidence using guided extension creation, accurate anchoring, and efficient block tagging, all within a controlled and consistent reporting workflow.
- 20+ Years of ESEF Expertise: Trusted regulatory technology experience for accurate, compliant ESEF filings aligned with ESMA requirements.
- #1 XBRL Quality for ESEF: High-precision iXBRL tagging reduces errors, rework, and regulatory risk.
- 99.99% Uptime: Reliable platform ensures uninterrupted ESEF reporting, even during peak deadlines.
- 24/7 Global Support: Round-the-clock assistance across regions to keep filings on track.
- SOC 2 & SOX-Compliant Security: Enterprise-grade protection for secure and compliant financial disclosures.
IRIS CARBON® Trusted by Global Companies
Speak with an IRIS CARBON® expert to discuss your specific needs.
FAQ : IRIS CARBON® ESEF Reporting Software
What is ESEF reporting?
ESEF (European Single Electronic Format) is a mandatory digital format for annual financial reports of companies listed on EU-regulated markets. It ensures reports are both human-readable (XHTML) and machine-readable (iXBRL), improving transparency and comparability across companies.
Who needs to comply with ESEF reporting?
All companies with securities listed on EU or UK regulated markets must prepare their annual financial reports in ESEF format. This includes consolidated IFRS financial statements tagged using the ESEF taxonomy.
What is iXBRL in ESEF reporting?
iXBRL (Inline XBRL) is a format that embeds XBRL tags into XHTML documents. It allows financial data to be readable by both humans and machines, enabling automated analysis and regulatory compliance.
Why was ESEF introduced by ESMA?
ESEF was introduced by ESMA to standardize financial reporting across the EU, making it easier for investors and regulators to analyze and compare financial data.
What is block tagging in ESEF?
Block tagging refers to tagging entire sections of notes in financial statements (e.g., accounting policies, disclosures) using specific taxonomy elements. It became mandatory for financial years starting on or after January 1, 2022.
What is the ESEF taxonomy?
The ESEF taxonomy is based on the IFRS taxonomy and defines the tags used in iXBRL reports. It ensures consistency and standardization in financial data reporting.
What is ESEF reporting software?
ESEF reporting software helps companies create, tag, validate, and submit annual financial reports in compliance with ESEF standards. It automates iXBRL tagging and ensures accuracy.
Is ESEF reporting mandatory in the UK?
Yes. UK-listed companies must comply with ESEF or UKSEF (UK Single Electronic Format), which includes XHTML formatting and iXBRL tagging for consolidated financial statements.
How are ESEF reports validated?
Reports are validated using the ESEF Conformance Suite or software platforms that check for taxonomy compliance, tagging accuracy, and formatting errors.
What is the role of ESMA in ESEF?
ESMA (European Securities and Markets Authority) developed the ESEF standards, taxonomy, and reporting manual. It oversees compliance and updates the taxonomy annually.
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IRIS CARBON® is a leading disclosure management platform that streamlines and automates regulatory reporting across diverse domains. Our solutions encompass ESG Reporting, SEC Filings, ESEF Reporting, XBRL/iXBRL Reporting, and a range of other financial and non-financial disclosures. By leveraging our platform, organizations can enhance transparency, boost data accuracy, and ensure compliance efficiently. Discover our comprehensive Disclosure Management Solutions and learn how IRIS CARBON® can transform your reporting process.