With the above challenges outlined, IRIS CARBON® and bpost began identifying the right objectives for the ESEF compliance project. The objectives served as signposts to help both teams stay on course to achieve the desired outcomes.
Below are the objectives agreed upon
Creating An Error-free 2019 iXBRL Annual Report
Since ESEF was a new format for bpost, their consolidation and reporting team wanted to outsource the 2019 iXBRL report creation. It was decided that while team IRIS CARBON® would work on the iXBRL creation, the reviewing part would be done by bpost.
Training & Preparing bpost For The 2020 Test Filing
While working on bpost’s 2019 iXBRL report, IRIS CARBON® was to lay down the procedures to be adopted by bpost in 2020 and the subsequent years. Team IRIS CARBON® was to design a customized training program to familiarize bpost with the ESEF compliance module of the IRIS CARBON® platform.
Additional Training For Getting More Out Of ESEF
In order to help the bpost team get the most out of the ESEF mandate and XBRL itself, IRIS CARBON® conducted additional training sessions. These sessions were focused on preparing the bpost team to be future-ready and equipping them with the right knowledge of the IRIS CARBON® environment for better results.