Cut the cost and effort 
of compliant financial
reporting to ASIC

Prepare and lodge 
digital financial statements in iXBRL
through our fast and affordable 
cloud platform.

Discover how LENSELL® can transform your financial reporting.

Request a free 30-day trial.
No payment details required. Free technical support.
Do you still report your company’s public financial data in PDF format?

Manual reporting, compliance checks and PDF production can take weeks, depending on the size of your company and the complexity of its operations. 

LENSELL® can save you time and money by harnessing the power of XBRL – without XBRL expertise.

XBRL Reports is LENSELL's secure cloud-based platform for reporting your public financial data in a digitally structured format. 

Using the international eXtensible Business Reporting Language (XBRL), XBRL Reports helps you submit compliant digital financial statements to ASIC quickly and securely - without the need for any XBRL skills.

Providing your data in this way streamlines the reporting process and digital reports can be submitted directly to ASIC without the need for lengthy PDF documentation.

This allows regulators, investors and analysts to easily access the information and pull it directly into their spreadsheets as soon as it’s uploaded.

Take advantage of the LENSELL® platform to:

  • reduce the cost of compliance by providing a simple way to submit compliant digital financial reports to ASIC, quickly and easily. LENSELL® application XBRL Reports is built on top of the Standard Business Reporting (SBR) platform and includes automatic ASIC pre-lodgement validation and ASIC transaction confirmation
  • ​increase the chance of investment and trading by improving your visibility to analysts and potential investors
  • ​free up your team for more value-added work by making reporting faster and more streamlined
  • improve communication with your stakeholders with digital information that can be reported in different ways for different audiences
  • meet sustainability goals by reducing the need for paper reporting
You can also access your competitors' or other companies’ structured financial data* through the same platform with our data access tool, LENSELL® for Excel add-in.
This way, LENSELL® helps you:

  • make informed financial or strategic decisions more quickly.
  • become more visible to analysts and investors who use this tool to find financial information on public companies, industry benchmarks and economic indexes.​
*Subject to the availability of data from those companies on LENSELL®.

"Once our 2018 financial results were uploaded to LENSELL we noticed an increase in the number of shares being traded, probably because more people could research us online..."
John D.
Senior Finance Manager, ASX listed company

Frequently Asked Questions

Do LENSELL® digital reports meet ASIC requirements?
Yes. The LENSELL®'s digital reporting tool, XBRL Reports, is a cloud based application built on top of the SBR government platform and includes ASIC pre-lodgement validation and ASIC transaction confirmation.

We’re still producing PDF reports for ASIC. How do we ensure we don’t miss any reporting deadlines?
ASIC accepts both PDF and digital/XBRL reports so you can run both until you’ve fully switched over.

As LENSELL® uses the XBRL standard - do we need any new software or training to use it?
No. The digital reporting application's user-friendly interface means the reporting accountant does not need to know XBRL at all. The reporting account just needs to be familiar with the IFRS-AU accounting standard.

How secure is the Lensell platform?
We take your data security very seriously.
LENSELL®'s digital reporting application has three layers of protection: your own account password, two-way authentication (2FA) for accessing your company account, and your own AUSkey certificate password (which is never stored in our system) to validate and submit reports to ASIC.

What do I get with my free trial?
You’ll receive instructions on how to create your account in a few simple steps, and 30 days to try out the LENSELL® reporting application and discover how easily digital reports in iXBRL can be created and validated.
(NB: The free trial acts as a sandbox great for learning how the app works, and it does not include the ASIC lodgement functionality) .

How quickly can I start using LENSELL® for reporting?
You can setup your LENSELL® account in less than 10 minutes and start using the platform from your dashboard straight away.

How much does LENSELL® access cost after the trial period?
Pricing for ASIC digital reporting on LENSELL® reporting depends on company size and the functionality you need. 
Our packages start from only $249 per month ($2988 per financial year per company), and include report lodgement history, personalised lodgement support and access to historical data in digital structured format for your company.

What happens when my trial period ends?
We’ll be in touch to get your feedback and discuss pricing if you’d like to keep using the LENSELL® platform.

What if I want to improve our visibility on financial markets but I we are not ready to report digitally to ASIC?
That is not a problem at all. The LENSELL® platform has other options to improve your company's financial discoverability online. Read more.

LENSELL® is brought to you by XBRL experts, XBRL Advance

We are your local specialist in data and information management, data analytics, business data exchange standards, accounting, finance and economics. We help companies, investors, analysts, auditors, academics and many others make the most of the financial and non-financial digital corporate data.
We are a member of XBRL US and XBRL International.
Join the many companies around the world who enjoy the financial and strategic advantages of digital financial reporting.

Request a free 30-day trial of LENSELL®.
No payment details required. Free technical support.

If you’d prefer to speak to a real person first, call us on +61 458 463 097.
Privacy Policy |  Contact Us
Copyright XBRL ADVANCE 2020 - All Rights Reserved