XBRL News about regtech, Workiva and sustainability

Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week.

1  Regtech: what it is and why it matters

2  Workiva announces Q4 and full year 2021 financial results

“The Workiva team once again delivered strong financial results. In both the fourth quarter and full-year, we beat the high end of our guidance in revenue and operating profit,” said Marty Vanderploeg, Chief Executive Officer. “These results reflect our market leadership in transparent connected reporting, and the significant increases we’re seeing in macro trends such as digital transformations, increased compliance and reporting requirements, and stakeholder demand for ESG data.”

One of the rare XBRL / SaaS pure plays in public markets is coming under a good bit of selling pressure after publishing weaker than expected guidance (which will be easier to beat subsequently, of course …) and still not complying with the rule of 40. Note that the author has a commercial interest. 

3 EFRAG publishes second set of working papers on sustainability reporting standards

The Project Task Force on European Sustainability Reporting Standards (PTF-ESRS) of the European Financial Reporting Advisory Group (EFRAG) has released three more working papers on the first draft standards on sustainability reporting.

Progress is being made on several sustainability reporting fronts. Here’s to hoping that it won’t be unmade by geopolitics!

 

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Christian Dreyer CFA is well known in Swiss Fintech circles as an expert in XBRL and financial reporting for investors.

 We have a self-imposed constraint of 3 news stories each week because we serve busy senior leaders in Fintech who need just enough information to get on with their job.

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