Kanton and Xplir initiates a partnership
Kanton and Xplir partner to facilitate more efficient reporting and digital labeling (ESEF).
The new EU framework for transparent and comparable reporting changes the conditions for companies’ annual and sustainability reports. Reporting will be done in the European Single Electronic Format (ESEF), an open and accessible format, while raising quality standards. It is against this background that Kanton, a leading advisor in strategic financial reporting, is partnering with Xplir.
Xplir is a Swedish start-up that has developed a completely new digital process support that streamlines and simplifies the production and design of company reports, and supports the new format requirement with the right format from the start.
– At Kanton, we create business value through increased transparency for our customers, which enables fair valuation and thus increased shareholder value. Our partnership with Xplir fits into our vision to deliver solutions that help companies meet reporting requirements. Xplir’s user-friendly platform, combined with our financial reporting expertise, will help our clients meet new requirements such as SFDR, CSRD/ESRS and ESEF. This in turn makes it easier for users such as banks, institutions, customers and suppliers to analyze the companies,” says Hans Borneroth, Senior Adviser at Kanton.
– The finance function is being digitized, yet many still do their reports manually. Xplir turns the digital requirement into an advantage by automating manual steps, removing sources of error, and supporting the review and approval process with full traceability. We reduce the workload for all companies that need to communicate with the market, and our customers can prioritize what really makes a difference. Kanton is a perfect partner for us with its strategic expertise, says Katarina Sivander CEO of Xplir.
The new reporting landscape places new demands on companies, and even stricter rules are likely to be expected. It is often forgotten that one of the motives when the European Supervisory Authority ESMA first introduced the ESEF format was to facilitate companies’ reporting with a digital standard. Both ESMA and XBRL-International recommend a fully digital workflow and that reports are produced in native HTML. This is to streamline reporting, improve quality and traceability, and to ensure that reports are fully machine-readable.
Kanton offers advisory services that create value for owners. With us by your side, you get a grip on the big picture and the details. Our combined skills and experience give us unique opportunities to help customers in assignments that require both a holistic approach and specialist knowledge.
Kanton.se
Xplir is an innovative player that simplifies the work of producing complex company reports. Xplir offers an innovative and fully digital collaboration platform that streamlines workflows, frees up time, and ensures data quality in a traceable work process. Xplir supports CSRD and offers an integrated ESEF solution.
xplir.com