XBRL REPORTING THE RIGHT WAY

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.

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.

Valucor has been assisting our clients to prepare their Solvency II reports using UBPartner’s XT Cloud Service. It quickly enables us to extend our actuarial services and work collaboratively with our clients and to simplify their Solvency reporting. We also collaborate with several clients on their internal ORSA reports and management dashboards within their risk management framework as well as risk reporting systems. The new system based upon the XT Database, helps to keep the data up-to-date and to visualise trends and potential issues in a more effective way. Read more

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.

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.

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.

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.