Bolagsverket event 28/11/2016 Presentation frn INVOKE Antoine - - PowerPoint PPT Presentation

Bolagsverket Event – Invoke Presentation

Bolagsverket event – 28/11/2016

Presentation från INVOKE

Antoine BOURDAIS

Bolagsverket Event – Invoke Presentation

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Corporate overview

Regulatory reporting specialists

 Software company founded in 2001

• Headquartered in France with offices

in the United Kingdom, Luxembourg, Sweden and Portugal

• 110 employees

 3 business lines

• Tax reporting
• Group reporting
• Regulatory reporting

 Renowned regulatory expertise

• In-house team of domain experts
• Trusted provider to both supervisory

authorities and industry

Bolagsverket Event – Invoke Presentation

Who are our clients ? Financial Services

Supervisory authorities Insurance industry Banking sector

Bolagsverket Event – Invoke Presentation Food Industry Textile Capital goods Industrial goods

• Pharma. &

Cosmetics Transport Distribution Services Media / Entertain.

Who are our clients ? Other sectors

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Invoke XBRL approach Invoke XBRL Expertise

 Invoke XBRL membership

• Direct member XBRL international
• Member XBRL Europe
• Member XBRL US
• Founding member XBRL France

 XBRL working groups and conferences

• Member of a lot of XBRL working groups

(International, Europe…)

• Sponsor of XBRL international

conferences since 2007

• Regular sponsor of other XBRL events

 Added-value

• Unique alliance of technical and business

expertise

 Our mission statement

Provide XBRL Solution that are :

• user-oriented
• easy-to-implement
• Generic
• relevant to every user profile

Our approach: Making XBRL accessible to all

Bolagsverket Event – Invoke Presentation

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The XBRL Experience

Business People Tech Guys XBRL A « data-centric » technical standard for « table-centric » business users

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The XBRL Experience

A unique standard A variety of business domains

Market Authority Banking Supervisory Authority Insurance Supervisory Authority Business Register Tax Authority

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The XBRL Experience The key role of the taxonomy

Visualisation of XBRL Data ?

iXBRL vs XBRL (table linkbase)

Which business templates ?

Fixed tables – Open/Dynamic tables – Text ?

Business controls

Usage of XBRL formulae ?

Taxonomy modelling

DPM approach ? Multidimensional ?

Filers classification

How many entry points ?

Comparability

Extension of closed taxonomy ?

Bolagsverket Event – Invoke Presentation

A unique core component…

A generic, dynamic XBRL web spreadsheet

• User-friendly
• Familiar to business users
• Calculation and formatting

features

Bolagsverket Event – Invoke Presentation

A unique core component…

A generic, dynamic XBRL web spreadsheet

• Natively XBRL
• Each cell is an (XBRL) object

Bolagsverket Event – Invoke Presentation

A unique core component…

• Data-model driven
• Taxonomy-driven

A generic, dynamic XBRL web spreadsheet

Bolagsverket Event – Invoke Presentation

A unique core component…

• Support of typed dimensions
• Dynamic rendering

A generic, dynamic XBRL web spreadsheet

Bolagsverket Event – Invoke Presentation

A unique core component…

A generic, dynamic XBRL web spreadsheet

• Available through a regular web

browser

Bolagsverket Event – Invoke Presentation

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Our solution – 3 approaches for supervisory authorities

« Specific » Approach « Standard » Approach « Strategic» Approach

XBRL Components Data collection Data collection & Data analysis

For which needs

■

Component approach to integrate the missing XBRL technology bricks into an existing information system

■

Out-of-the-box web portal to manage and monitor the disclosure process of the regulatory reports

■

Complete reporting platform to manage the regulatory reporting and data Business Intelligence analysis

Solutions Description

XBRL components suite composed of:

■

XBRL Designer: Design of XBRL templates from any taxonomy

■

XBRL Reader/Writer: Web spreasheet to render or create XBRL instances through the XBRL templates

■

XBRL Validator: processing of XBRL validation

■

XBRL Analyzer: XBRL BI capabilities

■

Centralization of regulatory reports collected in XBRL, Excel, PDF, Word, etc.

■

Monitoring of the data collection process according to the regulatory calendar

■

Rendering of the XBRL instances through the business templates

■

Processing of the XBRL validation (including formulae for the business rules validation)

■

Versioning and archiving

■

Centralization of regulatory reports collected in XBRL, Excel, PDF, Word, etc.

■

Monitoring of the data collection process according to the regulatory calendar

■

Customisable Business Intelligence platform matching the XBRL architecture

■

Event Manager to customize workflows and automatic tasks

■

Versioning and archiving

Bolagsverket Event – Invoke Presentation

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« Tactical» Approach « Strategic» Approach For which needs

■

Web portal (hosted or in- house) to produce regulatory reports from Excel files and/or manual keyboarding

■

Complete reporting platform to produce regulatory reports and manage the disclosure process

Solutions Description

■

Collaborative application

■

« Excel to XBRL » conversion - Manual data entry

■

XBRL Validation

■

Management of national-specific technical requirements

■

Monitoring of the disclosure process

• Regulatory calendar
• Process statistics /

progress bars

■

Automatic upload of data coming from source systems or Excel files

■

Workflow to manage the collaborative production process

■

Business controls

■

Production of regulatory reports, narratives and customized reports

■

Monitoring of the XBRL disclosure process

Our solution – 2 approaches for regulated entities

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Our solution – How it operates ?

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Supporting the full lifecycle of supervision

■ Centralisation of regulatory reports

Upload of XBRL files or Excel files Other format (Word, PDF, XML…) Manual or automatic upload (U2M or M2M) Approval (electronic signature option)

■ User-friendly approach

Intuitive regulatory calendar management Error-handling directly linked to the tables Visual & XML feedback provided to users

■ Easy to maintain

Just one file to import to update the whole system in case of changes to a taxonomy (Kit) Possibility to automate 100% of the file workflow with automated extraction to a BI tool

■ Archiving

Versioning and report archiving Complete audit trail of user actions

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Live Demo : Invoke e-Regulatory portal

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Live Demo : a puzzle game

 Supervision through the e-Regulatory

« XBRL Gateway »

• Controlling and administrating submissions
• Monitoring of received files

 Submission through the e-Regulatory

« XBRL Gateway »

• Excel format
• XBRL Format
• Automatic upload

 Pure XBRL configuration

• From an XBRL taxonomy to the XBRL

Gateway thanks to Invoke XBRL Designer

Ou Our di differentiators • Invoke’s DN DNA

• Internalization of Subject Matter Expert teams

(regulatory watch, tax experts, …)

• A close, day-to-day collaboration with regulatory

bodies and regulated entities

• Pioneering innovative technological choices & an

enduring commitment to furthering new standards (XBRL Experts)

• More than XBRL technology bricks to address the

different needs of our clients

• XBRL reporting solutions already trusted by

numerous international clients

• Standard product approach: same tools for all our
• clients. We value clients loyalty: we never charge

them for new releases.

• Easy-to-maintain software solution in case of any

regulatory evolution

Antoine BOURDAIS abourdais@invoke.fr