Create, validate, and submit XBRL-formatted data in compliance with FERC Order 859
The Commission requires all regulated energy companies—including electric utilities, natural gas and oil pipelines, and service providers—to submit annual and quarterly financial data. In FERC Order 859, effective November 2021, the Commission adopted eXtensible Business Reporting Language (XBRL) as the standard for filing Forms 1, 1-F, 2, 2-A, 3-Q electric, 3-Q natural gas, 6, 6-Q, 60, and 714.
Systrends' eFINForms software simplifies annual and quarterly FERC Form filings
FERC Compliant
Integrated validation rules automatically audit data and taxonomy formulas to ensure mistake-free filings and compliance with the latest regulatory requirements.
Intelligent Tagging
Platform automatically tags data to the taxonomy, eliminating the need for any experience with XBRL or FERC taxonomies.
Flexible Data Import/Export
Roll-forward data submitted in the previous quarter and upload new data with Excel, CSV, or PDF templates. Export schedules in XBRL, HTML, Excel, Word, and PDF formats.
Workflow Automation
Automatically calculate column totals to streamline the input process and reduce human error.
Collaboration
Distribute workflows across multiple users with role-based permissions, approvals, and comment sharing. Manage all schedules for multiple FERC-regulated entities.
Direct Submission
Secure connection to FERC empowers authorized users to submit the XBRL file directly to FERC, ensuring integrity of filing data.
Why Systrends?
Market Leader in FERC Reporting
With 25+ years in the industry, we are the only software provider that offers a comprehensive suite of FERC filing solutions for electric, gas, oil, and service companies
Flexible Filing Solution
Prepare and submit filings independently with our software or send your prepared documents to our subject-matter experts for a full-service offering
Dedicated Support
Our subject-matter experts offer training at onboarding, stay current on the latest regulatory changes, and provide responsive support throughout the customer journey
Robust Security Controls
Enterprise security controls, Single Sign-On (SSO), Multi-Factor Authentication (MFA), role-based permissions, and a detailed audit trail protect the filing environment