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.
- Converts data automatically to XBRL and performs all technical validation checks, without any user action or knowledge of XBRL.
- Allows for establishment of managed links to and integration of spreadsheet data sources.
Maintains a record of data filed and allows easy updating of information at the next reporting period.
Keeps a user-by-user and cell-by-cell audit trail.
Allows for comparisons between filings.
Simple design so can be implemented quickly with minimum handholding and at a nominal cost.
- Continually updated for any new templates or amendments to the templates.
- Allows direct submission to the FCA from within the software.
- Fully compliant with FCA requirements for submission formats.
More information on the FCA guidelines
"User friendly and well thought out solution. Uncomplicated with good functionality, minimal training required. Excellent cost/benefit in comparison to other vendor solutions. Good layout. Dash board controls, real time validations, complete error mapping/linking is available on one screen."Project Manager: COREP, Australian Bank
“KPMG’s K-Helix is an impressive COREP-FINREP regulatory reporting tool. It is fully transparent with a clear audit trail and validation checks.”
Regulatory Compliance Manager, UK branch of Chinese Bank
Our clients have been using the tool since September 2013. Click here for a demonstration of the software.