New improved Register of Financial Statements

Published 18.12.2014

We changed the design of the homepage with emphasis on simplicity of use. Some useful functions were added: company searches by name, company registration number (IČO) or tax registration number (DIČ) are combined into a common search window, with direct searches among annual reports also possible.

For owners of smartphones and tablets, the level of user comfort is boosted by automatic adaptation of the site to the screen of the mobile device (responsive design application). Another new feature is its availability for the platforms Apple iOS, Google Android and Microsoft Windows.

With over 6.5% of visitors to the site of the Register coming from abroad, they definitely appreciate the localisation into English, improving further the availability of information provided by the Register.

The non-public part of the Register of Financial Statements was supplemented by functions simplifying the work of the administrator. The evaluation of document flow was improved, with identification of errors at input or transfer and a greater ability to react more swiftly to public demand.

The Register of Financial Statements was launched in May of last year. It greatly simplifies doing business and contributes to greater transparency in the business sphere. Companies can use the Register to publish their financial statements free of charge, in respect of the moto “once is enough”. All other state institutions can then access the information without having to request it from the businesses themselves.

In its own way, the Register is ground-breaking because Slovakia is only the second country in the European Union to make the financial data of companies accessible at a comparative quality to the public. It does this in a way that produces a real tangible improvement to doing business. The Register serves not just state institutions, but also the businesses themselves, together with the professional community and general public. They appreciate the benefits of the Register from several perspectives:

Jozef Andacký, Senior editor Trend: “The Register of Financial Statements made as huge a leap toward transparency of the Slovak business environment as the online business register did years ago. What’s more, the Register of Financial Statements does not mean an additional administrative burden for companies and even simplifies communication with authorities.” [1]

Filip Glasa, Founder “With the launch of the RFS, Slovakia became one of just a few countries to publish the financial data of companies on the internet in a usable form, and one of the first ever to make an Open Data set from the financial data of companies. In terms of data completeness and usability, Slovakia overtook the majority of European countries. [2]

Peter Hanečák, IT expert for Open Data: “The API is simple and functional and is capable of providing data effectively also to more complex applications. All we can do is praise it.” [3]

Press release ITAPA on award winning solutions (3rd place for the Register): “We awarded the projects that us got rid of red tape, and which allow a government to provide citizens and businesses with a new, simpler and faster service” [4]







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