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Project

IFK "Solid" moved to "Factory XBRL"

Customers: Solid IFK

Moscow; Financial services, investments and auditing

Product: XBRL Factory

Project date: 2023/05  - 2023/11

2023: Move to "XBRL Factory"

IFK Solid moved to the XBRL Factory. Users note that even with an increase in the volume of operations, the program from Syntegs simplifies work and eliminates errors. Sintegs announced this on December 29, 2023.

Before the XBRL Factory, IFK Solid used publicly available software, which, in fact, converted the reporting package into an XBRL format, while the data had to be transferred manually from the accounting system. It took a long time, there was a human factor. In addition, the program did not provide a multi-user mode of operation, which is critical if the company has branches in other cities. Users decided to replace the reporting system in parallel with the transition to accounting at Syntegs OSBU.

The project team has adapted the settings for filling out forms to the company's account policy. As a result, users received a fully automated process of working with accounting and supervisory reporting in XBRL format.