Simplified Tagging for Beginners

Simplified Tagging for Beginners The question we hear most often is, “How can it be this easy? With other ESEF providers we have to spend hours upon hours tagging, and with you it’s all handled for us. What’s the catch?” In truth, there is no catch. We could go on to explain how we have […]

KoneCranes became ESEF Ready with ParsePort

How KoneCranes became ESEF Ready with ParsePort These days, many publicly listed companies are on the market for an ESEF solution provider in order to live up to the ESEF mandate and Finnish company KoneCranes was no different. Going into the process of selecting an ESEF provider the team at KoneCranes wanted to understand the […]

The importance of proper XBRL tagging for data analysis

The importance of proper XBRL tagging for data analysis XBRL can have some major upsides with regards of automatically analyzing a lot of financial data. It can make quite a difference in the perspectives of analytic speed and precision. But just as with all business intelligence, data quality is key. We all know the saying […]

The story behind ESEF

The story behind ESEF This article was first published in the March issue of the digital magazine for financial professionals; ThinkTWENTY20 – please find the pdf version of the magazine on the picture link. In 2013, the transparency directive was amended by the European Securities and Markets Authority (ESMA). The objective of that directive was […]

We are standing trough the corona

Corona – not in our business Private businesses are in desperate need of help – but please do not worry about ParsePort. We have healthy financials, our transition is minimal and we are not suffering any noticeable losses despite our employees having to stay home. We all have to help out, so let the financial […]

The possibilities of non-numeric data in XBRL

Possibilities of non-numeric data in XBRL Now that ESMA requires stock exchange companies to report in iXBRL, there has been some discussion in the Netherlands regarding the filing of annual reports by large companies that are not listed. The listed companies only have to report the consolidated figures in XBRL; all other non-numeric information can […]

Why Denmark is leading within XBRL.

Why Denmark is leading within XBRL I see four reasons why Denmark is one of the leading nations within XBRL, let me explain; 1. Political backup From the very beginning, there has been an ambition and strategy from Danish authorities that XBRL should be a fixed standard in the future in Denmark. Not only within […]

The Impact Of The Letter i

The Impact Of The Letter “i” While several European countries successfully adopted XBRL for financial statements, a new version is already lingering on the horizon. From reporting year 2020, stock exchange companies within the European Union are required to report their financial statements using the ESEF XBRL taxonomy. Instead of creating regular XBRL files, they […]