Digital Tax Tagging (ESEF/iXBRL)
Streamline ESEF and iXBRL financial reporting for regulatory compliance.
Executive Summary
ARKK Solutions provides a dedicated platform for Digital Tax Tagging, specifically designed to help companies meet ESEF (European Single Electronic Format) and iXBRL (inline XBRL) reporting requirements. This solution simplifies the complex process of converting traditional financial statements into the required digital format for submission to regulatory bodies like ESMA, ensuring that annual reports are both machine-readable and human-readable simultaneously. The platform offers robust tools for data mapping, validation, and the generation of the final iXBRL document, ensuring accuracy and compliance with the latest taxonomies. By automating key aspects of the reporting cycle, ARKK's solution helps reduce manual effort, minimize errors, and accelerate the reporting process, allowing finance teams to focus on strategic analysis rather than intricate format conversions.
Use Cases
- Generating ESEF-compliant annual financial reports for European regulators.
- Converting traditional financial statements into iXBRL format for digital submission.
- Ensuring accurate tagging of financial data according to ESMA taxonomies.
- Streamlining the submission process for regulatory filings.
- Reducing manual effort and errors in digital financial reporting.
Features
Visibility
- Report Status Tracking: Monitor the progress and status of all ESEF/iXBRL report generation and validation processes.
- Interactive iXBRL Viewer: View and navigate the iXBRL report with embedded tags for review and verification.
Support
- Expert Support: Access to ARKK's team of XBRL and ESEF experts for guidance and assistance.
- Training & Onboarding: Comprehensive training and onboarding to ensure effective use of the platform.
Technical Specifications
- Deployment
- SaaS
Security & Compliance
Certifications: ISO 27001
Pricing
- Starting Price
- Contact sales
- Target Customer
- Mid-Market,Enterprise
About ARKK OTP
ARKK is a company specializing in tax automation, regulatory reporting, and digital tagging solutions. Their platform streamlines complex financial processes, ensuring compliance and efficiency for businesses across various jurisdictions.
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