Kolon Benit, Launches 'DSDFlow' Financial Disclosure Automation Solution

[Financial News] Kolon Benit announced on the 13th that it has launched the next-generation financial disclosure solution 'DSDFlow', which further enhances the automation and accuracy of disclosure tasks.
The newly introduced DSDFlow is a version specialized in disclosure functions from Kolon Benit's consolidated disclosure automation solution 'BENITSIGMA', with key strengths including systematic data management, precise linkage and verification functions, and a structure that can flexibly respond to changing accounting standards. It is designed to enable all companies required to submit audit reports to prepare disclosure documents more accurately and quickly. It automatically converts Excel-based financial information into electronic disclosure DSD files, and with the addition of previous and previous quarter data reference functions, it improves disclosure quality and reduces review time and audit response burden.
DSDFlow provides a system-based integrated management environment through ERP (Enterprise Resource Planning) linkage, automatically collecting and managing financial information, and also compensates for data loss or history management limitations. By cross-verifying between XBRL (eXtensible Business Reporting Language, an international standard language for digital reporting) and DSD data, it maximizes disclosure data accuracy, and with automatic conversion functions for disclosure documents and various annotation templates, it is easy to prepare documents for various business purposes.
Also, DSDFlow can immediately respond to periodically changing accounting standards. When new accounting standards such as K-IFRS No. 18 are introduced, related disclosure forms can be flexibly modified, and through past data comparison functions, it minimizes business confusion due to item changes.
Kolon Benit plans to continuously enhance DSDFlow functions by reflecting customer demands. At the end of this year, it will introduce the next-generation consolidated accounting solution 'BENITSIGMA Pro', which strengthens consolidated disclosure automation functions, and expand it into a disclosure automation platform that supports integrated consolidated accounting tasks in conjunction with DSDFlow.
Kolon Benit Director Park Chan-jeong stated, “DSDFlow is a solution that can proactively respond to the rapidly changing disclosure environment,” adding, “It will build a disclosure environment based on accurate and consistent data, simultaneously enhancing user work efficiency and customer company’s external credibility.”

jiany@fnnews.com Reporter Yeon Ji-an