Background
Using our expertise in this area, combined with KPMG's deep Financial Services industry knowledge, we have designed a simple solution designed to remove the pain of XBRL from the filing process.
The K-Helix software
Allows easy consolidation and entry of data into COREP templates.
Allows for establishment of managed links to and integration of spreadsheet data sources.
Built-in business logic drawing on KPMG expertise, helping to identify irregularities in reporting data.
Converts data automatically to XBRL and performs all technical validation checks on the XBRL report, without any user action or knowledge of XBRL.
Maintains a record of data filed and allows easy updating of information at the next reporting period.
Allows direct filing to the FSA from within the software.
Is continuously updated to meet EBA requirements.
Maintains a user-by-user and cell-by-cell audit trail.
Allows for comparisons to prior period filings.
The design of K-Helix allows it to be rolled out quickly, with minimal handholding and at a nominal cost.
Next steps
KPMG will be rolling out the tool throughout 2013, and advises companies not to leave this requirement until the last minute. One of our experts would be happy to come and talk to you about the tool and demonstrate its capabilities. Please feel free to contact a team member, or click the button below to make an appointment.
