aSISt was designed to be a dedicated, specialized application for COREP/FINREP reports. It was built from scratch on XBRL technology. Hiding the complexity of XBRL technology and simplifying the reporting work were other principles which we worked towards.
aSISt has a strong position in the Polish market of mandatory bank reporting in XBRL format (COREP/FINREP). The application has been evolving since 2007 and has reached maturity – it provides a wide range of functionality and works stably and efficiently.
aSISt was subsequently extended to support additional reports such as WEBIS, PEGAZ, F1, PD and minimum reserve reports by converting these reports to XBRL taxonomies which FINGO developed. Now all the functionality available for COREP/FINREP reporting is also available for the other reports: data mapping, report validation, dealing with reporting cycles, logical links between different reports and analyses as well as taxonomy and report version management.
The latest aSISt version supports LE report which is based on a new Large Exposures XBRL taxonomy. The accuracy of the reports is validated based on XBRL Formula technology. The Large Exposure reporting is the first in Poland which uses XBRL Formula.
XBRL (Extensible Business Reporting Language) is a standard developed to exchange business and financial data among businesses and institutions. The objective of its creators was to provide a widely available and standardized tool for business report preparation, presentation and analysis.
XBRL is put to practical use wherever it is necessary to create and process business and financial reports. It allows the user to prepare and process reports in the same way regardless of what the reported data represent: employment structure, employment contracts or the balance sheet. XBRL is intended to harmonize business and financial approaches.
XBRL is an open standard, without licensing fees. That should make it more popular the world over and make its development consistent with users’ expectations.
FINGO is the producer of aSISt – a freestanding software application based on XBRL taxonomies which assists in mandatory bank reporting such as COREP/FINREP and Large Exposures.