Escali Supervision is a reporting program used by pension schemes for EIOPA and ECB reporting. It has full support for all quarterly and annual reports required by the regulators.
Large amounts of data need to be reported accurately. Comprehensive validation rules place great demands on both content and format. With the help of Escali Supervision, you can easily gather data from multiple sources, ensuring the necessary information is in place for submission to the regulators.
Reports must be produced in the XBRL format and in accordance with the current taxonomy for pension schemes published by EIOPA. Additional reporting requirements are specified in filing rules. Escali Supervision has a built-in tool for easily converting files to XBRL for submission. This is always kept up to date with the latest taxonomy from EIOPA, leaving you with one less thing to worry about!
Reports are also produced in Excel for business use, making it easy to view and check the contents of the XBRL file.
Integrated with accounting and portfolio system
Escali Supervision can integrate with accounting and portfolio systems to make data gathering simple. Using the same data source for both accounting and EIOPA reports simplifies reconciliation and ensures consistency between the different reports.
Fund look through
The regulations require investements in funds to reported based on asset category, country and currency. In practise this often means that full fund look through data with many thousand individual investements needs to be analysed. Escali Financial helps you gather and structure this data whilst Escali Supervision produces the reports automatically from the detailed fund data.
All data imported or registered in Escali Supervision is validated. At each step in the reporting process we perform checks and notify the user of any issues. Initial validation when importing or registering data and a reconciliation between accounts and investments is performed. A comprehensive validation according to EIOPA's validation rules is also performed when producing the XBRL file. This way, you can rest assured that the report submitted meets all data requirements.
Escali have extensive experience in reporting for both pension schemes and insurance companies. By using our systems, you also gain access to our in-depth knowledge of what it takes to deliver a fully compliant report. We understand the data and we understand the data requirements.
Escali Supervision is designed so that data can be easily gathered from other systems which are already in use. For example:
- Accounting systems
- Portfolio systems
- Insurance systems
Data can be imported in many formats, including
- File-based import (Excel, CSV, XML files, etc.)
- Direct database connection
The system also accepts manually recorded data together with clip and paste functionality from Excel files etc.
Workflow and role distribution
Due to the large amount of data, EIOPA reporting can be demanding. Supervision therefore helps you gain control over the process. The system maintains control over which data is imported, controlled and approved. By assigning responsibilities for the various tasks, as well as deadlines for data collection / approval, you can always have control over the progression and reporting deadline.