aSISt XBRL reporting system for banks in Spain

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The Eurofiling Project, which affiliates institutions such as EBA (European Bank Authority), has been executed to unify reporting framework within EU countries. The project aims to introduce new mandatory COREP and FINREP taxonomies in XBRL format. The new standards will include also a new validation method ? the use of XBRL Formula. Read more…

A growing number of XBRL reports of the banking sector causes demand for reporting processes automation

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Recently, we have witnessed the tightening of a loop of supervision over the banking sector. The main result of this process is a growing number of reports required from banks by domestic markets regulators.  One of the biggest problems of reporting process becomes thus the cost of work and time spent on manual data entry into the reports.

In fact, there are many outdated solutions on the market – based on few components (e.g., Excel plus XBRL converters) and providing very limited possibilities of data input automation.

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aSISt – get demo of modern XBRL reporting system

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Recently, we have released a new version (v4.5) of aSISt reporting system. The XBRL taxonomies available within the demo version include both CEBS taxonomies – COREP and FINREP, two Spanish taxonomies – Contabilidad and Solvencia, and the whole set of Polish taxonomies.

aSISt is a banking reporting tool designed for business people (e.g., accountants, reporting team staff), easy to use without any essential IT or XBRL technology knowledge.

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The XBRL validation rules editor in aSISt

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aSISt is a modern universal reporting system, which supports the preparation of mandatory reports to the banking sector regulators. Apart from this basic functionality, aSISt cares about the consistency of the reporting data. Basically, the system validates  reports against validations defined by the regulator (XBRL link-base, XBRL Formula). However, aSISt system with the additional module – an XBRL validation rules editor, allows users to define rules appropriately to the profile of the bank.

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