We offer a range of XBRL solutions which lets both large and small companies create and review XBRL and iXBRL files. Our solutions cater to all areas and taxonomies including ESEF (ESMA), EBA (Corep/Finrep/CRD IV), EIOPA (Solvency II/IORP II) and GAAP (IFRS, Annual and tax reporting).
At ParsePort we’ve got four different product types, which you can combine to make sure you meet your XBRL or iXBRL needs. Whether you need to convert, file, review or audit XBRL and iXBRL reports, we’ve got the product for you.
XBRL, or eXtensible Business Reporting Language, is the international standard for digital business reporting. XBRL is used in more than 50 countries and millions of documents are created in XBRL every year. In short, XBRL is a language in which reporting terms can be used to uniquely represent the contents of financial statements or other compliance or business reports.
iXBRL, or Inline eXtensible Business Reporting Language, is a standard that enables a file to be both structured and human-readable as well as contain machine-readable data. iXBRL is the format which the new ESEF (European Single Electronic Format) is based on.
iXBRL files can be opened by any standard browser while the embedded tags provide a structure of information which can be read by a computer. The format does not change what you are reporting but rather how you are reporting it.
We offer three different ways to help you convert your annual financial reports to the XBRL and iXBRL formats.
As a Passenger you choose the benefits of the ParsePort XBRL Service product. We map your files and make sure that everything is ready to go, so you can continue with the same reporting workflow you’ve always had.
As a Co-Pilot you will map the files with the assistance of our XBRL experts. You will get access to the ParsePort XBRL Converter as well as the ParsePort XBRL Tagger, but we handle the technical aspects of the process.
With the ParsePort Pilot solution you will gain access to the ParsePort XBRL Converter along with the ParsePort XBRL Tagger, but unlike the Co-Pilot solution, you will handle the mapping process on your own.
We make XBRL simple, because it doesn’t have to be complicated. We offer a cloud-based, simple, fast and price competitive solution that can be explained in just 4 simple steps.