The ‘once-only’ principle in practice

The idea behind the Register of financial statements is to contribute to the improvement of the business environment by simplifying business procedures, reducing administrative requirements, and eliminating situations where entrepreneurs are repeatedly asked for the same information, documents, or data.

A central repository for financial statements

The Register of financial statements (hereinafter referred to as the ‘Register’) was established as a central repository for financial statements and related documents.

This system provides a wide range of services, including: importing financial statements and related documents from various sources, granting access to data for other institutions and systems, browsing data through a web interface, providing data via API, and analyzing data or generating reports using a business intelligence tool.

Significant improvements to the business environment

The Register is a practical example of implementing one of the core principles of e-Government—the ‘once-only’ principle. The result is more convenient business operations and increased transparency in the business environment, thanks to easy access to information.

Businesses are no longer required to submit financial statements and related documents to multiple public administration authorities. At the same time, this data is made accessible to all institutions and the public.

This reduces the bureaucratic burden for entrepreneurs and public administration, simplifying business operations.

The Register complies with the European Union's 'Open Data Strategy' and the Directive of the European Parliament and the Council on the reuse of public sector information.

Seamless access to corporate financial data is available through a web interface or API.

The availability of data to the public has significantly increased the transparency of the business environment and greatly simplified doing business in Slovakia.