Herti AD

Established in 1993, Herti AD is a company with rich experience and traditions in the production of aluminum, plastic and composite caps. Each year the company produces over 1 billion products which are used to close almost all types of bottles.

The group manages companies in Bulgaria, England, France, Germany, USA, Romania.

XBRL Tagger

Project description

With the introduction of the ESEF standard (European Single Electronic Format), all companies whose securities are admitted to trading on a regulated market are required to submit their annual consolidated financial statements in XBRL format.

In order for the process of converting the financial statements into XBRL format to be automated, Herti AD purchases licenses for the certified XBRL Tagger software solution. The tool allows easy and quick tagging (marking), conversion, correction and validation of consolidated reports in accordance with the new European regulations.

Company benefits

  • Saving time by automated marking of financial statements;
  • Automatic reflection of changes in taxonomies;
  • Automatic transfer of tags (markers) from previous reporting period to the next.

 

Users

  • Accounting and finance department.