Do you want to spend hours and hours in a complex system to make sure your reports are ESEF compliant?
Of course not.
For the past 8 years we’ve made XBRL simple for Danish and European companies and now we’re making ESEF simple as well. Our ESEF product has a minimal impact on your workflow, a proven track record and functions on a secure environment. On this page you can read more about how we convert your annual financial report into ESEF and how we can help you become ESEF compliant.
The ParsePort Converter gives you the ability to convert your annual report exactly when you need it, without delays and as many times as you want.
Using our XBRL Converter for your ESEF, will have very little impact on your current workflows. The only thing you have to prepare earlier than usual is the Excel sheet with the consolidation of the figures for your annual report.
Once you’ve done so, you will be able to start preparing your annual report for conversion. You don’t need to wait for the glossy annual report that your marketing team prepares before getting started.
The beauty of the ParsePort Converter is that you can upload almost any file format and convert it into an iXBRL or xHTML file within a matter of minutes. This also enables you to test your financial statements before your figures are ready.
The XBRL Converter for ESEF supports several formats, the specific files you use may vary, but the process remains the same. You need to upload a technical part and a visual part of your final ESEF file to our portal. The most popular choice we see among issuers is the combination of a PDF and an Excel sheet.
We believe that ESEF solutions should be simple. That is why our process of getting you prepared for using the ParsePort Converter is designed to be as easy and effective as possible. It consists of just four easy steps.
After you deliver your files to ParsePort, a member of the ParsePort Service Team will prepare your Excel template in order to make it iXBRL ready.
You should note, that this only needs to be done the first year, meaning that the process will be even quicker in the following years.
Once your Excel template has been prepared the Service Team Member will ensure that all accounting entries are mapped correctly in the taxonomy. If any extensions or anchorings need to be set up, it is done in this phase.
After mapping a Service Team Member will provide you with an overview of the mapped entries and provide comments and suggestions regarding the final mapping. Together you will then go over the entries and decide how to map or extend them in relation to the XBRL taxonomy.
When the review is over, a member of the Service Team will then host a workshop, where you are taught how to change, edit, add and extend account entries. In short, you will learn how the product functions, how to use the XBRL Converter on your own, and finally you will be handed the complete product.
And that’s how simple it is.
From that point on, you will be ready for filing in ESEF. Should you have a need for support it is included within the annual fee you pay to access our services and any updates to the product is of course included as well.
We believe in simplicity and transparency not only when it comes to our ESEF product, but also when it comes to our pricing.
*We reserve the right to change our prices and are not liable for any printing errors.