Certent extends portfolio to offer outsourced ESMA/ESEF reporting
New Certent ESEF reporting solution enables compliance in three simple steps
Roseville, CA, September 2, 2020 – Certent, Inc., a leading provider of software-as-a-service solutions for financial disclosure management and equity compensation, announced today the release of its new service-based ESEF reporting solution, the latest addition to its disclosure management portfolio.
Certent’s ESEF reporting solution provides a turnkey approach to ensuring compliance with the European Securities and Markets Authority (ESMA) / European Single Electronic Format (ESEF) mandate.
The collaborative reporting service, available now, will help customers efficiently deliver ESEF-compliant reports for the first filing due in March 2021, without a major technology burden. Certent’s regulatory experts will work with customers to produce and submit ESEF-compliant reports built on Certent’s proven Disclosure Management platform. Finance teams can be assured that their first ESEF documents will be submitted on time and in order without licensing new technology.
In the current challenging business environment, many organizations would prefer a simple outsourced option for the 2020 filing, implementing an enterprise narrative reporting solution later on. The Certent ESEF solution bridges the gap by meeting the immediate need for compliant reporting in an efficient way.
“In the current climate, regulated businesses need a stepping stone to meeting compliance obligations without implementing an enterprise platform right away,” said Certent CEO Jorge Martin. “Our services team has more than 12 years of experience in regulatory reporting globally and are the same team that works with our Enterprise solution clients. This solution will provide our clients with guidance and peace of mind in dealing with the new regulations.”
The Certent ESEF solution offers a simple, three-step process for ESEF Compliance:
Step 1 – Upload annual report document to the Certent secure platform
Step 2 – Certent tags and collaborates with customer for approval.
Step 3 – Certent delivers XHTML and iXBRL filing package to the customer to file with local National Competent Authority (NCA)
“We designed this service to help organizations bypass the complexity of XBRL compliance related to tagging, creating anchoring of extension elements and validating XBRL filing packages, all of which are part of the new ESEF regulations”, said Don Hill, VP Disclosure Management Services for Certent. “Our goal as always is to be an extension of our clients financial reporting teams and to progressively advance the automation and improve execution of key processes and compliance obligations.”
For companies that need a completely hands-off approach, Certent also offers fully outsourced solutions and tagging options.
Certent, Inc., founded in 2002, helps customers elevate their business with smart, intuitive solutions for modern finance. Our advanced solutions for disclosure management, narrative reporting, and equity management help business and finance leaders improve accuracy, save time, and get more done. Deploy with confidence over the cloud, backed by our end-to-end support services, deep expertise, and global reach. Integrate easily with existing systems and data sources. Certent helps you redefine your approach to governance, risk, and compliance. The company operates in seven countries and serves over 2,400 public, private, and pre-IPO companies around the world.
Product Web Page: https://go.certent.com/resource/outsource-esma-esef-with-certent
Datasheet link: https://go.certent.com/datasheet/certent-esef