XBRL Conversion
Transform your regulatory reporting with CoreFiling’s XBRL and iXBRL (inline XBRL) conversion services, delivering speed and precision for global reporting mandates. Whether you are a data collector, filer or software company, CoreFiling has the solution for your needs.
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XBRL and iXBRL Conversion
In digital reporting, it is normal for document preparation to include a conversion step to move from the internal representation of company data to the standardized format used for reporting. CoreFiling’s conversion solutions cover a broad range of mandates including:
- Accounts data and annual financial reporting for tax and company registration
- ESEF and UKSEF for securities regulation
- Voluntary and mandatory ESG reporting
- Banking and insurance regulation
- Statistical returns to central banks
With over 20 years of expertise, our specially engineered tools for tagging and templates ensure regulatory compliance with minimal effort!
Why Choose CoreFiling?
CoreFiling leads in XBRL and iXBRL conversion, backed by knowledge gained from 20+ years of XBRL standards development. Our tools are used to deliver error-free reports for financial giants in the banking, insurance and accounting worlds.
As well as our expertise with XBRL standards, companies choose CoreFiling knowing we are suppliers and trusted advisors to the standard setters, regulators and data collectors involved. This means we are uniquely positioned to ensure you are 100% compliant with whatever technical requirements and filing rules are set.
Our holistic view is complete by powering major digital audit and assurance services where accuracy and efficiency are vitally important.
Fast, Accurate iXBRL (Inline XBRL) Tagging
Our Seahorse iXBRL software is purpose built to turn Word, Excel, PDF and InDesign documents into compliant iXBRL. High-fidelity conversion ensures your design and layout is replicated perfectly in the final report. AI tagging assistance minimises errors, ensuring regulator-ready submissions in less time and boosting productivity for accountants, tagging and compliance teams.
Developed in partnership with large tagging operations that demand speed as well as quality, we have evolved our software to deliver a slick tagging and conversion experience that gives you the confidence to file, knowing it will be accepted by auditors and data collectors first time.
Scalable XBRL conversion from templates
For prudential, statistical and other national data collections that require XBRL reporting, Seahorse for templates provides automatable template-based conversion. Reporting data can be gathered in parts or in full, in CSV or Excel, and then converted into XBRL. The full report is then validated using the same software used by regulators and according to local filing rules.
Any errors are clearly identified along with the location of the XBRL data that caused them. Seahorse handles all technical requirements automatically and, once validation is complete, the file can be submitted with confidence.
Solution Integration
For organisations and software vendors looking to XBRL-enable their reporting, the True North Data Platform comes packed with useful APIs and white-labelled products. These enable you to efficiently produce external disclosures in XML, iXBRL, ESEF, and XBRL formats, meeting diverse digital corporate and regulatory requirements.
XML and XBRL reports can be easily generated from straightforward CSV files, using auto-generated web forms, or via Excel templates. A single API call can carry out all validation against technical standards and jurisdiction-specific business filing rules. Taxonomy APIs, Rendering APIs and a wide range of connectors mean that you can add the richness of XBRL to your product without being experts in the standard.
Start Producing XBRL Reports Now
Transform your reporting with CoreFiling’s conversion software and services. Our tools deliver accuracy, efficiency, and data security – every time.
Technical Excellence
CoreFiling’s technical capabilities deliver precision in the complex conversions. Our strict adherence to the relevant standards and support for local variations in filing rules appeal to IT and compliance teams alike. Our preferred SaaS delivery option, coupled with ISO27001 certification and security-friendly policies, enables you to be up and running in no time.
We track changes in taxonomies, filing rules and other requirements and automatically update your software to support the latest obligations well before it is time to report.
Taxonomy and Filing Rule Management
A cross-departmental team within CoreFiling brings information from regulators and standard setters together to ensure that the correct combination of XBRL taxonomy and local filing rules are available when you need them. Intuitive interfaces help you create and check the filing you need for each jurisdiction and reporting period to produce compliant XBRL and iXBRL reports for diverse regulatory requirements.
Automated Conversion
For tagging, our AI assistant automatically selects tags for you, enabling fast and consistent results. For template-based reporting, fully automated generation is supported through simple CSV formats.
All our software automatically handles the technical requirements for the most complex parts of creating reports. Packaging, filing indicators, extension taxonomies and adherence to the XBRL standards are all dealt with seamlessly and exactly as required by specific mandates.
Support
CoreFiling provides expert support for all of our products and timely fixes for any issues you might come across. What sets CoreFiling apart from the competition is the depth of knowledge available through support. When deadlines are short and changes must be made or you need help to understand the demands of an auditor or regulator, we help clients and users cut through the technical language to help you meet your obligations on time.
Conversion Training
Whether converting for your own company or offering reporting services to a broad market, CoreFiling’s expert-led training enhances your workflow. XBRL training ensures you are well-equipped to understand digital filing programmes and product training ensures you get the most out of productivity features. Mandate-specific courses on iXBRL tagging and XBRL templates empower reporting teams to master iXBRL and XBRL compliance.
Frequently Asked Questions
Here’s some frequently asked questions to help you decide where to start!
What is CoreFiling’s XBRL conversion service?
CoreFiling’s XBRL conversion service transforms financial data into compliant XBRL and iXBRL reports for a wide varitey of filing programmes. It streamlines financial reporting for businesses, accountants, and reporting software providers. We do this from a position of intricate knowledge of the filing programmes and what is required for your report to be accepted first time.
Our solutions have been trusted to create hundreds of thousands of filings!
How do you guarantee accurate iXBRL conversion?
CoreFiling are the inventors of iXBRL and still maintain the standard on behalf of XBRL International. We have applied this knowledge in our solutions to create high-fidelity conversion that retains the layouts, images and designs of important corporate communications while ensuring they meet regulatory reporting requirements.
Who needs iXBRL and XBRL conversion?
Banking, insurance, accounting firms, and regulatory sectors typically leverage CoreFiling’s XBRL services, tailored to their specific filing obligations. Trusted by the “Big Four” accounting firms, our solutions ensure compliance by converting data into structured formats, meeting the precise requirements of each regulatory program. This delivers regulator-ready reports, addressing the diverse needs of industry-wide compliance initiatives.
Can CoreFiling customise XBRL conversion solutions?
CoreFiling has a number of off-the-shelf connectors built using our plugin framework and can create additional connectors to make XBRL conversion as simple as possible for your team. Our bespoke services are used to automate high volume or complex conversion with integrated validation and data quality rules.
How does training improve XBRL conversion?
We have worked for decades with partners to add workflow and productivity features that make sure conversions are efficient and correct. Our expert-led courses empower accountants, reporting and tagging teams to use these to their best advantage to deliver compliant, accurate reports with confidence.