Country by Country Reporting Solution
The Altova CbC Reporting Solution makes it easy for reporting companies to generate Country by Country reports in XML.
It's Finally Easy to Generate CbCR XML
The Organisation for Economic Co-operation and Development (OECD) mandates that large, multi-national companies report financials annually for each country in which they do business, and this Country by Country (CbC) Report must be filed in XML document according to the OECD reporting schema. This allows the OECD to take advantage of the many benefits of XML - but it provides a significant challenge to financial professionals unfamiliar with XML technology.
Altova created the CbCR Solution to allow filing organizations to easily generate CbC XML - either by entering data manually via a friendly web interface, or by uploading the data using an Excel Country by Country Reporting template.
GDPR Compliance Database
The Altova GDPR Compliance Database makes it easy to organize information about your organization’s repositories of personal data in a straight-forward, structured way.
What is GDPR?
The General Data Protection Regulation (GDPR) is a set of privacy and data protection rules that apply to organizations that process personal data of people residing in the European Union and European Economic Area (whether the organizations are located in the EU or not). The goal of GDPR is to give individuals more control over their personal data and at the same time simplify the regulatory environment for international businesses.
The rules of GDPR ensure that personal data is collected under strict conditions and oblige the entities that collect the data to protect it from misuse and exploitation.
Starting May 25, 2018, all organizations doing business in the EU or with EU customers became subject to GDPR regulation. Data protection measures are required to be built into the design of business processes that collect personal data. If a data breach occurs that compromises the privacy of one or more people, it must be reported to the supervisory authority. As such, companies need to ensure that the appropriate technical and organizational measures are in place to protect data, and they must document all storage and processing activities. They also must have the ability produce reports on such measures when they are requested.
XBRL add-in for Excel
The Altova European Banking Authority (EBA) XBRL Add-in for Excel shields reporting companies from the complexity of XBRL syntax.
Build EBA reports directly in Excel
Like other regulatory agencies around the world, the European Banking Authority (EBA) has standardized on XBRL for the transmission of data submitted by filing entities, to capitalize on the benefits of standardized data.
For filing companies, however, the challenge lies in getting backend data into a valid XBRL format according to the EBA Taxonomy, especially since the employees recording the data are generally financial professionals.
Solvency II XBRL add-in for Excel
It’s finally easy to generate XBRL Solvency II reports in a valid XBRL format – directly in Excel.
What is Solvency II Reporting?
Solvency II is a set of regulations from the European Insurance and Occupational Pensions Authority (EIOPA) for the insurance industry in the EU.
Solvency II reporting and disclosure requirements for regulated companies are covered by two key reports: the Solvency and Financial Condition Report (SFCR) and the Regulatory Supervisory Report (RSR). These reports are to be submitted in XBRL according to the Solvency II XBRL Taxonomy.
Work in Process (WIP) XBRL Tools
The reach of the eXtensible Business Reporting Language (XBRL) is rapidly expanding beyond financial reporting requirements to provide the advantages of standardized data submission across verticals. One recent development is the Work in Process XBRL Taxonomy, which was created by XBRL.US for the surety industry. By defining a standardized format for the submission of WIP reports, which contractors are required to submit to sureties each quarter, the taxonomy helps save time and increase accuracy while enabling new opportunities for data analysis and decision making.
Altova provides easy-to-use XBRL tools for contractors creating WIP reports, as well as for sureties and underwriters consuming and analyzing the WIP XBRL.