Certent Transforms ESMA/ESEF Compliance with its Intelligent Reporting Platform

• Published Month : Thursday, 28 May 2020 02:00 pm

Certent Disclosure Management's new ESMA/ESEF reporting platform takes the pain out of regulatory reporting with simple, intuitive system guidance

 Certent, Inc., a provider of software-as-a-service solutions for financial disclosure management and equity compensation, announced today the release of their ground breaking disclosure reporting platform which guides users through the development and output of European Securities and Markets Authority (ESMA)/European Single Electronic Format (ESEF) regulatory reports.

Certent Disclosure Management is unique in having a seamless platform to deliver ESEF compliant reports. The platform has been built to seamlessly integrate with the accounting systems of record for dynamic number integration into the report compilation. Designed with the end user in mind, the intelligent reporting platform guides with the creation of the ESMA/ESEF regulatory reports, removing the risk and challenges for Finance team. The platform automatically imports the current period ESEF taxonomy, ensuring the ESMA filing will be fully compliant.

"By being focused on meeting the needs of our customers, I am proud that we have developed an innovative platform which removes the headaches for the finance team of ensuring compliance with the new ESMA/ESEF mandate," says Jorge Martin, Certent's Chief Executive Officer.  "This will prove to be a step change in the way regulatory reports are developed in the future. We have re-imagined the process to position technology as the enabler, removing risk and guiding the user through the report generation process and output. This leaves the Finance teams free to focus on developing the narrative behind the numbers, rather than burn time with report creation."

Platform key benefits:

• ESMA compliance and output reports
• Current period automatic ESMA taxonomy import
• One-button rollover of data from the previous period
• Guided tagging and anchoring
• Enable remote working and controlled collaboration
• Controlled access and audit trails
• One version of the truth
• Familiar Microsoft environment means minimal training for teams
• Integrated Inline XBRL reporting and document management

With Certent, ESMA/ESEF reporting is an opportunity, not a challenge.

The ESMA mandate requires public European companies to tag data with Inline XBRL (iXBRL) based on the ESEF taxonomy. iXBRL enables a machine-readable format to support digital analysis, this is an opportunity for companies to improve the engagement with the investor community and stakeholders and improve data transparency.