Since early 2018, when South Africa announced the implementation of their Inline XBRL mandate for compliance reporting, we have been actively involved in helping ramp up the CIPC’s reporting mandate.
We have participated in early stage pilots to assist companies in preparing for go-live processes. Since July 2018, our products and services have been utilized to file hundreds of live filings to CIPC.
A reliable partner to help you comply with CIPC’s XBRL requirements.
Versatile
Multiple input document formats supported. We can convert financials prepared in Adobe Acrobat (PDF), Word, Excel, or HTML. We don’t constrain you to templates and cater to all kinds of financial reporting formats.
Experienced
Our experienced financial accounting and XBRL experts have helped convert over 12,000 XBRL regulatory filings since 2010. We bring the experience to bear to assist you in becoming compliant in the most efficient manner.
High Quality
Our service process is efficient and thorough. We review your documents at multiple stages of conversion to ensure accuracy of data and XBRL tag selections. We don’t compromise on quality or take shortcuts.
Cost-effective
We recognize XBRL compliance is new. We are here to make the process easy and cost-effective.
Accuracy
We validate documents before they are sent for review. We also provide our outstanding XOR platform to let you review the quality of output before filing with CIPC.
World-class Support
You enjoy the handholding and technical support of the industry’s best XBRL experts.
Ez-XBRL Solutions has been providing solutions to various XBRL mandates worldwide since 2010. Our latest offerings have enabled companies to file their Annual Financial Statements in Inline XBRL format to be compliant with CIPC’s mandate since July 2018. Our solutions include:
- CIPC-recognized cloud-based software platform – Integix – with managed and self-service options for companies to control the process from authoring to submission with the CIPC
- White glove, fully outsourced Inline XBRL conversion
- Reviewing tool – XOR – that facilitates collaborative, online reviewing and validation of Inline XBRL files before they are submitted to CIPC
- Ez-XBRL is a member of CIPC’s Software Service Provider Panel and provides advisory inputs on improving XBRL data quality and best practices
CIPC Recognized Self-Service iXBRL Platform - Integix
Integix is Ez-XBRL’s cloud-based iXBRL authoring platform. It offers a comprehensive solution that enables the conversion and creation of iXBRL documents using a variety of source document formats including Microsoft Word, Microsoft Excel, and Adobe Acrobat (PDF).
Integix has been selected by CIPC as one of the recognized software solutions for iXBRL creation to meet the requirements of South Africa’s XBRL mandate. With its powerful set of features and functionality, Integix is the ideal choice for filers looking for a solution that meets all their compliance needs for iXBRL documents.
CIPC Mandated GRAP Filings
As the CIPC has launched a mandate for all these companies (GRAP) to submit their annual AFS in XBRL format, the companies are leveraging the adoption of a new format to also evaluate existing processes, mitigate risk, and drive efficiencies and control within their filing processes.
Ez-XBRL is a global provider of XBRL solutions and services. We are one of the acknowledged leaders in XBRL known to provide solutions and services for analytics, regulatory compliance, and business reporting to customers across the globe.
We have converted upward of 800 AFS for private companies since the CIPC XBRL mandate came into effect in 2018 till date and the number keeps growing. We have also processed AFS for GRAP for Public sector companies recently who filed voluntarily with CIPC.
Managed Inline XBRL Services
CIPC have opted for the Inline XBRL (iXBRL) specification version 1.1 as published by XBRL International. iXBRL offers several advantages over the traditional XBRL including reduced costs for filers, better XBRL quality, and better overall data quality of filings. Ez-XBRL’s services team has significant credentials in providing fully managed XBRL/iXBRL conversion services.
- Providing expert outsourced conversion services to meet the regulatory requirements of many XBRL jurisdictions including the USA, the UK, and India
- Deep knowledge of accounting standards such as GAAP and IFRS
- Extensive technical expertise in XBRL/iXBRL standards
- Well-defined process and workflow management for preparing valid and accurate XBRL/iXBRL documents
- 6+ years of Inline XBRL experience position us as your ideal partner for iXBRL compliance.
XOR - Online Portal for Collaboration and Reviewing
All our services customers are provided access – at no additional charge – to XOR, our acclaimed online reviewing portal for XBRL and iXBRL documents.
Our services for companies required to file Inline XBRL documents with CIPC include:
- Converting your documents to iXBRL 1.1 compliant documents
- Identifying and selecting the most appropriate XBRL concepts (tags) that meet your requirement, whether by applying the minimum tagging set or the full set of tags available with the published taxonomies
- Finalizing and validating the output to meet the CIPCs validation criteria
XOR - The Defacto standard in XBRL Review and Validation Tools
XOR is the defacto standard for cloud-based XBRL reviewing tools. Combining a powerful set of features, with an elegant and intuitive user interface, XOR’s collaborative reviewing, reporting, validation, and workflow features have been used to review and finalize 1000s of XBRL filings since its introduction in 2013.
With the addition of Inline XBRL capabilities and support for the latest validation rules applicable to CIPC filers, XOR offers a compelling set of features that make it an invaluable tool for companies seeking to file high-quality, valid, and standards-compliant iXBRL documents.
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