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Semansys description
Semansys is a cloud-based software that simplifies financial reporting for companies. It helps you create standardized digital reports required by regulations, particularly those using XBRL format. This includes reports related to finance, sustainability, and ESG (Environmental, Social, and Governance). Semansys automates the process of generating, validating, and submitting these reports, ensuring accuracy and compliance. It integrates with your existing financial systems and offers easy-to-use tools for managing data and meeting reporting deadlines.
Who is Semansys best for
Semansys simplifies and automates financial, sustainability, and ESG reporting, especially for XBRL compliance. This cloud-based software integrates with existing financial systems and streamlines report generation, validation, and submission. It's a good fit for small to mid-sized publicly traded companies or accounting firms handling complex reporting requirements.
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Best fit for small to mid-sized companies needing financial reporting.
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Ideal for publicly traded companies and accounting firms.
Semansys features
| Supported SemansysNext supports Excel, CSV, PDF, HTML, XML, XHTML, XBRL, and iXBRL reports. |
| Supported Semansys supports report validation to ensure data accuracy and compliance. |
| Supported SemansysNext automates regulatory report generation, ensuring compliance. |
| Supported SemansysNext automates report submissions to various regulatory bodies like Digipoort, BIV, and SEC. |
| Supported Semansys supports ESG reporting by integrating CSR data and using XBRL for data consistency. |
| Supported Semansys integrates with various financial systems via APIs and supports multiple data formats. |
| Supported Semansys supports XBRL report generation through its xbrlOne platform. |
Semansys alternatives
IRIS CARBON®Better for users familiar with Microsoft Word and Excel. Excellent customer support. Broader industry applicability.Read more
G-AcconBetter for businesses deeply integrated with Xero, Quickbooks, or Freshbooks. G-Accon offers robust Google Sheets integration, simplifying reporting and analysis within a familiar environment. It has positive user reviews for its automation capabilities and customer support. However, it is less focused on regulatory reporting like XBRL and iXBRL. G-Accon is growing slower than Semansys.Read more
XeroBetter for small to medium businesses needing general accounting features. A Xero alternative, Semansys, focuses on complex, regulated financial reporting, especially XBRL, for larger enterprises.Read more
SAP S/4HANA CloudBetter for broader business management, offering ERP, CRM, and supply chain functionalities. More suitable for companies seeking an all-in-one solution. Rated higher by users, but more complex to implement and expensive.Read more
DataTracksServes a wider range of company sizes and caters to more regulated industries. It offers dedicated support services for tagging and report preparation. DataTracks is a strong Semansys competitor and alternative for businesses needing compliance reporting.Read more
PlanGuruBetter for budgeting and financial planning for small to mid-sized businesses. Focuses on forecasting, reporting, and analysis, rather than regulatory compliance and XBRL reporting. Is growing slower and has positive user reviews regarding customer support and ease of use.Read more
Semansys FAQ
What is Semansys and what does Semansys do?
Semansys is a cloud-based software designed to simplify and automate financial, sustainability, and ESG reporting. It helps companies, especially those dealing with XBRL regulations, generate, validate, and submit reports accurately and efficiently. Semansys integrates with existing financial systems and provides user-friendly tools for data management and compliance.
How does Semansys integrate with other tools?
Semansys integrates with existing financial systems through APIs and supports various data formats. It facilitates connections for generating reports in multiple formats like Excel, CSV, and XBRL, ensuring seamless data flow for regulatory submissions.
What the main competitors of Semansys?
Alternatives to Semansys include IRIS CARBON®, which focuses on global regulatory compliance reporting, and G-Accon, which connects financial data to Google Sheets for reporting and analysis. Other competitors, like Velixo, offer Excel-based reporting and budgeting tied to ERP systems.
Is Semansys legit?
Semansys appears legitimate, offering cloud-based financial reporting software specializing in XBRL. G2 gives it a 4.4/5 star rating, and the company shows signs of growth. However, user reviews are limited, so further research is advisable to determine if Semansys is safe and suitable for your needs.
How much does Semansys cost?
I couldn't find pricing information for Semansys. Contact Semansys directly to discuss product pricing and determine if it's worth the investment for your needs.
Is Semansys customer service good?
Customer reviews on Semansys's customer service are mixed. Some praise its promptness and tailored approach, while others suggest improvements in response time. Despite this, users highlight the accuracy and efficiency of Semansys's reports, leading to swift approvals from official bodies.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.