We want our products to be simple for our customers to use, no matter how complex it might be behind.
That is also why we with a few simple headlines can tell you, how our product is built and how it will affect your business;
ParsePort has made it simple to convert your annual report into xHTML and iXBRL, getting you ready to deliver your annual report to your local authority in XBRL format.
XBRL Converter is one of our most popular products, as it enables you to convert your annual report when you need to, without delays and as many times as you want to.
By using the XBRL Converter for ESEF, you will be able to keep the most of your current workflows, if you wish to. The only thing you have to prepare earlier than before is the Excel sheet, where you do the consolidation of your figures for the annual report. This is also an advantage, since you will be able to prepare your annual report instantly. With no need to wait for your marketing or communication department to be ready with the glossy PDF annual report, that you are used to produce and publish today.
The beauty of the XBRL Converter for ESEF, is that you can upload almost any file format and convert it into an iXBRL / xHTML file within minutes. This also enables you to test your financial statements before your figures is ready.
What is ESEF?
Difference between iXBRL and xHTML?
Read more on our ESEF wiki page
As the XBRL Converter for ESEF supports several formats, the process can vary a bit individually. But the most popular choice we see among issuers for ESEF is the combination of PDF and Excel. This is chosen because, the “only” thing issuers will have to change in their current workflow is the Excel file, and at the end of the day, the change is minimal.
2. Then you upload your Excel file (containing your consolidated financial statements)
and PDF file (the final glossy PDF paper you are used to produce).
3. Your files are now converted and combined into one xHTML file, that is shown in our viewer, ready for review by you or your auditor.
4. Now the only thing left is to press download, save the file on your desktop and publish, distribute and submit the file to your local authority.
But how does this work in practice?
Once you have chosen the XBRL Converter for ESEF, the process from the beginning to the end is:
Notice that we encourage all customers to prepare their 2019 annual report for ESEF, once they are published. This way there will be no unpleasant surprises, and all stakeholders has enough time to get ready and prepare themselves for the 2020 report.
The annual price for the (PDF/Excel merge) solution for ESEF from ParsePort is 5.000* EUR + a minor startup-fee in year one.
The above includes preparation and mapping of the Excel files, delivery and everything else associated to delivery of the files.
The annual fee cover updates, support, addition of extensions etc.
If your company need to add more reports, there is a staircase price model for the following reports.
*We reserves the right to any price changes and shall not be liable for any printing errors.