How could CoreFiling help to make the Swedish Digital Reporting Programme a Success?

SBR Programmes are Complex

Collaboration

Team-work

Partnership

Base Specification and Maintenance Working Group : Mark Goodhand Markets

TechnologyExpertise

Experience

Taxonomy Architecture Guidance Working Group : Ben Russell

Best Practices Board : Ian Hicks

XBRL UK jurisdiction : Philip Allen

CoreFiling are key influencers of the XBRL Standard

• CoreFiling are leaders in standards based regulatory reporting and data modelling.

• We design, develop and implement software specifically for XBRL

• CoreFiling devised, developed and promoted the original concept of Inline XBRL (iXBRL).

Markets

TechnologyExpertise

Experience

• CoreFiling has a successful track record of delivering regulatory reporting programmes.

• We have worked with many of the world’s regulatory bodies.

• We have gained a wealth of in-depth knowledge of collaboratively developing regulatory reporting solutions in this environment.

Markets

TechnologyExpertise

Experience

A Case Study

– Developed the first Corporation Tax Taxonomy.2004

– First ‘Live’ HMRC XBRL services 2005

– iXBRL introduced and adopted by HMRC2008

– First ‘Live’ iXBRL filings (voluntary basis)2009

– iXBRL mandated for all UK companies2011

– Companies House start accepting XBRL filings2007

– iXBRL adopted by Companies House2012

– continuing to work on a number of projects2016

“All this will not be finished in the first one hundred days. Nor will it be finished in the first one thousand days……………………”

What does “CoreFiling would be there with you” actually mean?

A Dedicated team of customer support consultants

An assigned account team, your advocates within CoreFiling

Access to the engineers who produced the code

Professional Services consultants

Strategic architectural design

Data modelling

Taxonomy development

Strategic advisory services

Profound Business Knowledge

Partnerships

CoreFiling Solutions underpin service offerings from the Big Four

CoreFiling work with the Big Four Globally

CoreFiling work with many smaller firms (e.g. BDO, Alui, Etc.)

The CoreFiling Solution Set

End to End solutions for Filers and Regulators

Development

ReviewSubmissionProcessingSearch

Taxonomy Management

• Data Modelling

Tailored delivery models to suit customer needs.

• Taxonomy Development • Validation Rules• Formula Validation Rules• Test Instances• XBRL enabled Excel input forms

Review

• Examine iXBRL reports• Validation Rules• Formula Validation Rules• Compare Instances• Export to Excel for collaborative working

Submission

• Convert to iXBRL• Word or Excel formats• Validation Rules• Formula Validation Rules• Automated Tagging suggestions• Tag text and tabular data

• iXBRL• Suitable for companies of all sizes• Human and Machine Readable• Used by ALL UK companies to submit accounts to HMRC

Processing

• iXBRL/XBRL• Validation• Verification for Standards• Formula Validation Rules• Business Rules• Data Extracts

Search

• All Instance Documents• Structured• Unstructured• User Defined Searches• Pre-built Searches

222

26

6

3 million +

1 billion

£2 trillion

3 of the top 5 global high street banks

Top 6 global regulators

4 of the “big 4” firms

Organisations

Countries

Most heavily used taxonomies

iXBRL documents per year

XBRL data items validated

UK taxes processed

The numbers speak for themselves

CFLAnd so do the letters

But let us begin.