When making the annual report, the final step for most European groups is to convert the annual report into the XBRL format. It is now possible to use iXBRL, making your annual report readable for both humans and machines.
Doing this conversion often requires time, financial resources, and external consultants. But you can remove all the extra cost and time spent by moving the conversion in-house.
Download this guide to learn how you can live up to the required standards for uploading your annual report in an iXBRL format and cut the cost of external consultants.
iXBRL is the electronic reporting format in which issuers on EU regulated markets need to prepare their annual financial reports from January 1st, 2021. First submissions in this new format are required from January 1st, 2022.