XBRL REPORTING THE RIGHT WAY

UBPartner has developed a range of tools to help companies with their ESEF reporting and the partnership has enabled Ginini Antipode to specify the type of functionality we would like to see in these solutions. It is the old cliché, a Win: Win for both sides as our skills are complimentary.

We have worked with UBPartner and its XT Database to make the XBRL data available for further analysis and provide a robust platform for our clients’ ORSA risk management system. For Actuelia, it enables us to do less of the ‘nuts and bolts’ of pulling the data together to deliver the higher-value advisory services. A ‘win-win’ for everybody.

We selected to work with UBPartner as they have extensive knowledge of XBRL reporting and a set of tools that can be readily integrated into an application. Solvency reporting was always going to be challenging, but our customers are pleased at how efficiently the process has worked, so far, and this would not have been possible without UBPartner’s dedicated staff and flexible tools.

We needed a simple solution for the new Solvency II reporting framework that our business users can understand and use. ConVista’s SolVentos system which incorporates UBPartner’s tools provides an Excel add-on integrated in the SAP BW reporting frontend, which we are familiar with. With ConVista’s SolVentos system we have been able to prepare and submit our first XBRL reports.

We selected UBPartner because of their knowledge of XBRL and of the requirements for Solvency II. We were very pleased to see how easy it has been to integrate UBPartner products within our Assuretat suite, saving us lengthy and much costly development time while. Like any new software system, we hit snags, but UBPartner was always there to help and ensure that our customers were able to submit their reports in a timely manner to the ACPR.

The move to the XT Cloud Service was simple and the system lived up to everything we hoped for. We can simply add new clients as we continue to grow, without worrying about the additional IT demands. Web access allows our consultants to work alongside clients as they produce their first reports and whenever they need our help. As a result, we can focus on delivering better quality services, while UBPartner manages the technical platform for us. It’s a perfect combination.

Milliman chose to work with UBPartner because they really understand how XBRL works and have a simple yet flexible range of tools that we can integrate into a range of solutions that can meet all of our customers’ needs. Our customers simply load the data into the template and run the XBRL Converter Tool to generate a 100% compliant XBRL document. A complete set of validation reports alert the user to any mistakes in the document.

Mazars is an experienced advisor and is well versed in the Solvency II directive requirements. We had not worked with UBPartner before but we were able to see how well they fitted with our customers requirements for easy-to-use software. Furthermore, they showed their technical excellence and responsiveness to customer requests.

The MFSA was looking for something that was easy to deploy, would deliver 100% compliant filings, but that was also not too expensive. The UBPartner technology came highly recommended as their underlying technology is used by major software vendors and by several financial services regulators in Europe. We implemented the tools and trained staff to use it in a one-week time-frame. At the end of the training our staff were ready to talk to banks about how to use and complete the new reporting templates.