Invoke ESEF

Presentation of Invoke and the collaboration between the two companies


Founded in 2001, the Paris, France based Invoke publishes software solutions dedicated to the processing of financial, tax and regulatory information. As a leading European player, Invoke stands out for its innovation and technological progress thanks to a unique software range integrating the latest technologies for reading, editing, collaborative production, validation and analysis of financial information, especially in XBRL and inline XBRL (iXBRL) formats.

Since 2019, Invoke has been offering a dedicated solution for the new European electronic reporting format (ESEF), which will enter the European regulatory landscape as of the 2020 accounts, with a strong impact on the financial communication of listed companies that produce their consolidated accounts under IFRS.

In order to spread the Invoke ESEF solution in Hungary, the two companies have decided to cooperate: Ramasoft Adatszolgáltató és Informatikai Zrt. distributes the Invoke ESEF solution in Hungary, and provides professional (education, consulting, parameterization) and support (help desk) services to it in Hungarian.


Invoke solution



ESEF reporting requires from 2021 to publish the URD (Universal Registration Document) in iXBRL format instead of the current PDF publication.

To do this, the ESEF project requires combining various skills to go as far as publishing the final document:

- Control of IFRS financial statements;

- Understanding of the XBRL standard to prepare the extended taxonomy;

- Control of the production of documents in web format;

- Respect of the final document design.


To provide a software solution that allows all these experts to work on the document, Invoke decided to build a hosted web solution.  Hence facilitating the access for internal or external users of the company enhanced by user permissions segregating Read/Write functionality.

The upcoming ESEF reporting will significantly impact listed companies current financial reporting production process. Currently, the process is sequential and driven by the publication of the PDF file by following a well-established work order that consisted of various steps:

  • Production the financial statements in the consolidation system.
  • Edition of the narrative document by assembling the contents of tables and text.


To report in ESEF, three additional steps must add:

  • Production of the document in web format (xHTML format).
  • Modelling of the company’s extension taxonomy.
  • Tagging of the document with the relevant information using the company’s extension taxonomy.

Invoke is proposing a solution that can tackle all these new requirements, account for the Primary Financial Statements (PFS) requiring XBRL mapping and tagging.

The proposed solution adapts to all the organisational scenarios that the customers might want to set up, hence the company will gain the freedom of choosing the order in which the work is carried.

Overview of the process

The solution proposed by Invoke results in bringing IFRS and XBRL financial expertise to combine all the functionalities mentioned above and can be summarized but also scaled by the following functional diagram:


In the figure, the circularity symbolizes that years build on each other, so one year’s output becomes an input the following year. We can also see that it is possible to get involved in the process at several points.