The IRIS CARBON® Approach
The Imerys S.A. team had their objectives clear when it came to choosing the right ESEF reporting software vendor – more so because their former vendor failed to bring to the table the right XBRL and technical expertise to facilitate a smooth ESEF filing experience.
IRIS CARBON® handled the Imerys S.A. ESEF filing project over six phases to deliver an exceptional filing experience.
In-depth Demonstration of the IRIS CARBON® Platform
The project kicked off with an in-depth product demonstration for the Imerys S.A. team to understand how IRIS CARBON® could help them with ESEF compliance. The team was impressed with some of the amazing features of our platform such as ‘commenting’ for better collaboration and ‘validations’ for eliminating errors.
Review of 2020 iXBRL Report Made Using Previous Vendor’s Tool
Once Imerys chose IRIS CARBON®, our engagement started off with a quality review of the 2020 iXBRL that the client team created using their previous vendor’s software. We had the following key observations after the review process
- The company taxonomy structure was not appropriate for some financial statements
- Inappropriate IFRS elements were used in certain parts of the report
- Extension elements were created where IFRS tags could have sufficed
- Labels in the company taxonomy were not aligned with what Imerys used in the financial statements
- Anchoring relationships were missing for certain disclosures
A detailed quality report proposing the changes necessary in the XBRL tagging was presented to Imerys. Based on their approval, it was decided that these changes would be incorporated into their report.
Customized Training for Imerys Team to Enhance Understanding
Our team organized customized training sessions for Imerys S.A.’s consolidation team. These sessions were delivered in French and were designed to improve the team’s understanding of the platform. They helped us identify areas of concern and address queries in advance.
Quality Tagging Support by XBRL Experts
Phase III was focused on providing quality tagging support for their 5 primary financial statements. Our XBRL experts ensured that the support was excellent and the tagging results were exceptional, which gave a big boost to the Imerys team’s confidence.
Data Integration with the Design Agency Tool
In the next phase, our team needed to partner with Imerys’s design agency for the final high-quality output. Since the agency came with its own design tool, document and iXBRL data integration was a challenge in Imerys’s former experience. Our customer success team involved IRIS CARBON®’s technology team, which understood the requirements of the design tool and facilitated seamless integration of both platforms. The integration went smoothly and the end result was an error-free high-quality output.
High-quality Test Filing with the Regulator
The IRIS CARBON® team worked on merging the design file and the iXBRL to deliver the final output for a test filing with the regulator. Imerys S.A.’s consolidation team successfully completed an error-free test filing.
Error-free Final Live Filing of the 2021 Annual Report
The final phase of the project was the live filing of Imerys’s 2021 annual report. The live filing was an exact replica of last year’s test filing. Team Imerys S.A. received exceptional feedback from AMF for the quality of its ESEF annual report.