Standardised definitions for efficient business reporting
Visma Connect is a leader in the implementation of Standard Business Reporting. We have developed taxonomies for the Dutch Chamber of Commerce, which now uses over 10,000 predefined elements to streamline (financial) business reporting in the Netherlands. We have also developed a taxonomy for the State of Florida, the first state in the U.S. to require reports in machine-readable XBRL format.
Preparing a sustainability report is time-consuming and laborious. Collecting the relevant data is often difficult, as you need to source it from different departments who may or may not communicate with each other. Comparing the data through time is also hard, as there are often no clear standards or benchmarks. Taxonomies have been used in financial reporting for decades to address these challenges, but what exactly is a taxonomy? What does using a taxonomy entail and how can it facilitate sustainability disclosure?
Say goodbye to reporting variability and ease administrative burdens. Visma Connect is the foremost supplier of tools, taxonomies and expertise for information and data exchange, sustainability and accountability reporting.