Meeting ESEF requirements with tight deadlines and evolving auditor input was a real challenge. Thanks to Inulta’s deep expertise and flexible approach, we now have a streamlined iXBRL tagging process built directly into CCH Tagetik. Their support allowed us to reuse tags efficiently, integrate feedback quickly, and validate everything before submission, saving time and giving us full confidence in our compliance.
– Calvo Gavin Andres, Vice President & Head of Business Unit Accounting, Reporting & Controls, Spuerkeess
Spuerkeess, Luxembourg’s largest retail bank and one of the country’s most respected financial institutions, is no stranger to regulatory complexity. As a state-owned bank founded in 1856 and a key player on the Luxembourg Stock Exchange, Spuerkeess is deeply committed to transparency and compliance. So, when the European Single Electronic Format (ESEF) regulation came into effect, requiring companies to publish their annual financial statements in iXBRL format, the bank saw both a challenge and an opportunity.
Internally, Spuerkeess was already using CCH Tagetik as the financial performance platform to consolidate its financial data. This solution provided the structure and accuracy needed at the data level. However, turning that data into a fully ESEF-compliant iXBRL report, one that met all of the European Securities and Markets Authority’s (ESMA) tagging and validation rules, required a very specific set of skills. That’s where Inulta came in.
Inulta stepped in as a trusted reporting partner, helping bridge the gap between structured financial outputs and the highly technical and regulated world of ESEF compliance. Every year since 2022, Inulta has worked alongside Spuerkeess to ensure that the bank’s annual reports are properly tagged, validated and ready for submission, on time and without errors.
Results and benefits:
- Improved accuracy and transparency in financial disclosures
- Zero post-submission errors or compliance issues
- ESEF reports submitted on time and fully validated
- Reduced effort through tag reuse and automation
- High flexibility for last-minute auditor feedback
- Streamlined process ready for future reporting cycles
