ParsePort has made XBRL simple by giving the CFO and the marketing department a collaborated workspace. In this workspace, the CFO simply upload the files (typically in Excel) that contains the financial statements into the collaborated workspace.
Instantly the Excel file will be converted into iXBRL and validated against the ESEF rules, to ensure that the dataset is correct and compliant.
Meanwhile the marketing department can upload the visual part of the annual report by uploading the annual report in a HTML format, which then will merge together with the iXBRL file, making the final xHTML file, which then can be delivered to the local supervisory.
The collaborated workspace allows the departments involved in the production process of the annual report, to edit, upload and export the report up until the last minutes prior to publishing the report.
Furthermore other roles such as the auditor, compliance department etc. can be invited to join the collaborated workspace with individual user rights (read, write, edit rights).