ANNUAL REPORTING WITH ESEF REPORTING
ESEF: Build trust beyond compliance
Save time and increase integrity by building a reporting process that's agile, scalable and fit for the future. With Workiva—the global leader in XBRL and Inline XBRL®— you’re in control.
Stop the ESEF scramble
The European Single Electronic Format (ESEF) has brought about changes to the annual reporting process—more process-altering mandates are inevitable. The key to success is being able to rapidly adapt to disruption.
You may have found that complying with the ESMA mandate was more complex than initially expected. If you had difficulties tagging, experienced time-intensive reviews or found yourself working later than you should during the last mile, it could be time to reassess your annual reporting processes.
But stopping the scramble and transforming your annual reporting doesn’t need to involve a massive overhaul. The Workiva platform integrates with your existing solutions to improve integrity, drive seamless collaboration—and has the tools to help you file ahead of schedule.
See how JDE Peet’s used Workiva to file ESEF early: Read the case study
XBRL® is a trademark of XBRL International, Inc. All rights reserved. The XBRL™/® standards are open and freely licensed by way of the XBRL International License Agreement.
Achieve data integrity
Workiva will transform the way that your data, reports and teams work together—giving you more confidence in your reports and helping to drive corporate value.
Connect and combine data directly from your sources to deliver greater accuracy and build trust in the numbers and narrative across reports and periods, eliminating version control issues. Automate the flow of data, so you can effortlessly assemble, create and distribute reports. Collaboration becomes easy once you trust the content you are working with
Want tips that will help you achieve ESEF excellence? Check out this guide.
Seamlessly integrate Inline XBRL into the designed report
Trust the industry leader in XBRL® and iXBRL® software and services. Leverage our integrated platform and world-class expertise for simultaneous report creation, design and XBRL tagging.
The global leader in XBRL and Inline XBRL®, Workiva has years of experience in IFRS and helping issuers use XBRL tags in their submissions to regulators around the world.
With the Workiva platform, tagging and review can be done simultaneously with updates to content and design. Plus, the iXBRL file can be designed to the same standard as investors expect but with the incredible functionality of the new format.
Additionally, since your data does not leave the Workiva platform, you have full data assurance, without having to sacrifice design—perfect for audit.
Inline XBRL®, iXBRL®, and XBRL® are trademarks of XBRL International, Inc. All rights reserved. The XBRL® standards are open and freely licensed by way of the XBRL International License Agreement.
Kick-Start Your Tagging Process
Our XBRL Concept Recommendation System for ESEF provides Workiva platform users with the top ESEF taxonomy concept choices for their statement tagging.
Focusing on the primary financial statements, the system uses machine learning to power a top five list of the most likely taxonomy concepts for a selected line item. Designed to work alongside the Workiva Professional Services team or with in-house accounting expertise, the fully integrated functionality allows teams to accelerate tagging speed and reinforces accuracy in tagging.
Users can review concept details and make use of the tagging recommendations the same way they would a taxonomy search result. Additionally, users can choose to search for other concepts, or extend as necessary. The XBRL Concept Recommendation System is immediately available for ESEF XBRL tags in English language reports, with other languages following in due course.
More ways to get the most from our platform.
Product ResourceESEF & SEC for Dual Filers
You don’t need separate processes to file for ESEF and SEC. By using the same tool to file both reports, you can achieve integration across data sourcing to audit, sign-off and filing—and bring simplicity to complex processes.
Webinar On DemandA Winning Strategy: How market leaders are rethinking their annual reporting process in light of new regulations
As many organisations approach producing their first XHTML report, there's little clarity about how to develop a more efficient and agile process. Join PwC and Workiva as they discuss how to address new regulatory requirements and future-proof your annual reporting processes ahead of increasing regulation.
EbookESEF Excellence Kit: Tackle ESEF, Future-Proof Your Annual Report
Follow the checklist and workflow to achieve ESEF excellence.