e-Annual Report
Original Title:
Elektrooniline Majandusaasta Aruanne
Country:
Estonia
Producer:
Mr. Margus Mägi
e-Annual Report enables entrepreneurs in Estonia to submit annual reports via the e-reporting environment of the Central Commercial Registry. About 99% of more than 120,000 companies registered in Estonia use this new method of reporting. Its uniformity makes the entry and submission of data significantly more convenient for companies, as there is only one place and specific channel to submit all required data. Companies do not have to submit data to public authorities more than once, as the data reported is retrievable from the central system by all other relevant databases (statistics, tax office, banks, etc.) leading to less red tape for all. The processing of business data has become significantly quicker and easier, as the data can be processed immediately and is accessible to interested parties both in the private and public sectors. The e-government system used in Estonia has created more transparent, efficient, convenient and trustworthy relations between citizens and government agencies. e-Annual Report uses the internationally recognized XBRL standard, meets all WCAG requirements and responds to AAA level, thus anticipating the European Digital Agenda 2020.
Jury Evaluation:
In Estonia, entrepreneurs can submit annual reports in XBRL format via the e-reporting environment of the e-Business Registry Company Registration Portal. e-Annual report is an innovative project based on an open source cross-application platform integrating diverse services to business owners simplifying legal administrative processes nationally as well as internationally.
The overall goal of the e-reporting project is to facilitate the administration of the reporting obligation as a whole. The key principle of submitting data should be that a reporting entity submits the figures required by the state once and in one place and the data submitted can be used both by the private and public sectors in line with their established rights. The Estonian government has been deploying a technical solution that works even cross border by using intelligent interfaces such as the e-ID cards from several countries.
While e-Government very often is not fancy, the combination of good design, high level technology, creative and collaborative processes opening up government for business administration and legislations makes this project outstanding and exceptional.
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