D
Declarify
Governance made simple

Related Party
Declarations
for every company

Declarify helps boards and governance teams collect, track and archive related party declarations — with a dedicated workspace for each company.

🔑
Admin Sign In
Access your company dashboard
✍️
Board Member Sign In
Submit your declaration
How it works

Simple for admins.
Simple for board members.

1
Admin sets up the company workspace
Register your company, add board members, and configure the reporting period. You can also register known related companies directly — such as subsidiaries, associates or group entities.
2
Board members submit their declarations
Each board member signs in and completes a guided declaration — disclosing their own transactions with the company, any related individuals, and any related entities. The form walks them through each section step by step.
3
Admin reviews the consolidated register
All declarations are merged into a single related party register. The admin can see who has filed, review all disclosed parties in one place, and track outstanding submissions.
4
Export for auditors
Download the full register as a PDF or Excel file — ready to hand to your auditors or attach to the annual accounts. Individual board member declarations can also be exported as signed PDF documents.
Why maintain a related party register?

Six reasons every company
should stay on top of this

🔍
Transparency in transactions
Related party transactions are not always at market rates — an owner lending money, or a company buying services from a board member's firm. A register makes these visible and ensures they are properly recorded and fair.
📋
Legal & accounting requirements
IAS 24 and equivalent standards require companies to disclose related parties and their transactions in the annual accounts. Without a register, disclosures can be incomplete — and auditors will notice.
⚖️
Avoiding conflicts of interest
Board members and executives can face decisions that touch their own interests. A register helps identify potential conflicts early and ensures the right process is followed — including recusal where required.
🏛
Tax compliance & scrutiny
Tax authorities pay close attention to related party transactions, as they can be used to shift profits or reduce tax through pricing. A register supports transfer pricing analyses and demonstrates that commercial terms are arm's length.
✅
Auditing & internal control
Auditors always ask who the related parties are. Having a maintained register saves time, reduces the risk of errors, and makes the audit process significantly more efficient for everyone involved.
🧭
Better oversight for management
A register gives management a clear, up-to-date picture of who is connected to the company and where risk may lie — supporting informed decision-making and sound corporate governance.

© 2025 Declarify

About us

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About Declarify
Who we are
We help companies meet their governance and compliance obligations simply and efficiently.

Declarify was built by accountants and governance professionals who were tired of chasing board members for related party declarations by email, spreadsheet and PDF. We set out to make the process simple, auditable and pain-free for everyone involved.

Our platform is used by companies of all sizes — from family-owned businesses to listed companies — to collect, track and archive related party declarations in line with IAS 24 and Icelandic annual accounts legislation.

Each company gets its own secure workspace. Board members sign in, disclose their interests, and the administrator gets a complete register ready for the board to review or send to the auditors.

Declarify is operated by Declarify.net ehf, founded in 2026. The team behind the platform are certified accountants and software engineers who want to raise the standard of board governance in Icelandic business. Our product offering is always evolving — more solutions are in the pipeline.

Get in touch

Questions or want a demo? Email us at info@declarify.is

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New Company
Register your company
Create a company workspace. You'll become the administrator and can add board members.

Already registered? Sign in here

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Administrator
Company Sign In
Sign in to manage your company's declarations, add board members and track submissions.
New company? Register here Forgot password?
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Board Member
Member Sign In
Sign in with your email and password. If you sit on the boards of multiple companies, you will be able to select which to declare for after signing in.
First time signing in? Set up your password →
Forgot your password? Reset it here →
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Account Recovery
Reset your password
Enter your email address and we'll send you a link to set a new password.
Account Recovery
Set a new password
Choose a new password for your account.
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First Time Setup
Set your password
Enter your email address and we'll send you a link to set up your account.
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Administrator
Forgot your password?
Enter your admin email and we'll send you a link to reset your password.
Administrator
Set a new password
Choose a new password for your administrator account.
Administrator
Reclaim your account
Click below to revert the administrator email change and regain access. This only works if the new administrator has not yet set their password.
Administrator
Select a company
You are an administrator of multiple companies. Select which one you want to manage.
Multiple Companies
Select companies
You are registered as a board member in multiple companies. Select the companies you would like to submit a declaration for in this session. Your related party list will be filled in once and applied to all selected companies.