Many accountants have told us that the iXBRL tagging solutions they chose in the first year have proved unsatisfactory, making the conversion process very painful. There were lots of reasons behind this: some processes were too complicated, others overly time-consuming, many more not intuitive enough. Consequently, many businesses struggled to comply with the HMRC iXBRL mandate.
If this was your experience last year, it’s probably time for a change.
Switching to Seahorse doesn’t mean starting from scratch, as all tables in your document will be automatically tagged using Seahorse’s unique suggestion engine
Tagging accounts can seem an onerous task, but Seahorse makes it really easy to tag both tables and text in Word or Excel documents. Behind Seahorse lies a powerful ‘learning engine’ that automatically provides confidence-graded tagging suggestions. You’ll benefit from all the tagging that was put through the system last year, as Seahorse’s suggestions are based on its cumulative knowledge of all similar tagging decisions made by the Seahorse user community. As it’s a SaaS (Software as a Service) solution, it learns from thousands of accounts, not only the ones you have tagged, leading to constantly improving suggestions and exceptional help with your tagging process. This dramatically reduces the time taken to tag your Word or Excel documents.
Being an internet based solution there’s no IT overhead, no software to install, no software updates and no maintenance worries. Taxonomies will always be up to date.
And if you’re wondering what happens in subsequent years, rest assured that Seahorse retains all the tags you choose, so they can be easily reapplied to make the process even faster and simpler in the future.
Avoid the pain, harness Seahorse.