Datatrack is a leader in UK ESEF reporting for multinational banks

London, 6 April 2022 /PRNewswire/ — Datatrack, a global leader in compliance solutions, has successfully helped many publicly traded companies prepare and file compliance reports with regulators. With its powerful error-free and reliable tagging service, Datatrack integrates seamlessly with comprehensive reporting services gave By British agency Friend Studio. Working closely together, the teams recently provided markup solutions to ESEF for UK-based multinational bank Standard Chartered, the UK’s first mandatory deposit.

Under the ESEF mandate, companies listed in the EU and UK faced several challenges in submitting their annual financial reports in IXBRL format and complying with the new filing rules. DataTracks and Friend Studio’s experience with mandatory XBRL filing, combined with their European perspective, provides companies with a tried-and-tested solution, allowing the corporate reporting team to focus on their core responsibilities.

Datatrack and Friend Studio help Standard Chartered file two annual reports ESEF of High quality and thorough design, as well as its results announced and in record time, making it the first mandatory ESEF report in the UK.

Friend Studio is an award-winning team of London-based corporate information, communication and branding experts providing strategic, creative and innovative communication across all mediums. For over 5 years, Friend Studio has been integrating XBRL reporting into its services, along with partners such as Datatrack.

Rob Rich Friend Studio’s Digital Reporting Manager said, “I cannot thank the DataTrac team for all the support and hard work they have put into completing these filings quickly and with the highest quality possible. We greatly appreciate it.” And will do everything possible to improve this process further next year. Publishing and filing the first mandatory ESEF report in the UK, for one of the largest companies in the country, and with the initial trials, is a tremendous achievement! Congratulations to all the team members, and we look forward to doing more projects together.”

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Balaji MuthukrishnanDatatrack’s Chief Operating Officer said: “The partnership with Friend Studios has been successful in handling the ESEF of This pioneer bank, which featured an intricate and rich design. The team rose to the occasion and helped deliver high quality results without any compromise or delay. We are able to benefit from over 17 years of regulatory filing experience around the world and smoothly implement these best practices into ESEF regulations. Working closely with the Friend Studio team, we provided solutions to the challenges clients were facing with ESEF”

she added : “The team worked hard to meet the customer’s business needs and provide the most efficient solution in a very short time frame to allow for quicker filing. With customers satisfied with the end results, Datatrack has established itself as regulatory reporting solutions. We have proven to be an expert in the field of ESEF and a trusted ESEF provider. We will ensure to maintain healthy business relationships with partners like Friend Studio and provide them with maximum support and assistance in future also. »

About data track

A pioneer in providing information management software for 17 years, Datatrack supports over 21,500 companies in 26 countries. Datatrack has a remarkable track record of producing over 2,20,000 compliance reports for filing with regulators such as ESMA in EU, HMRC in UK, ACRA in Singapore, CIPC in South Africa, SSM in Malaysia, SEC in United Is. State and MCA in India.

For more information, please see the website

For commercial inquiries:
E-mail, [email protected]
phone. +31202253702

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About the Author: Forrest Morton

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