-
Transform financial data in any format into XBRL. Includes creating Financial statements, instance documents etc.
-
File your financial statements online by creating filings in XBRL.
-
Model and analyze XBRL data for Performance management of your financial data.
-
Display XBRL data in a variety of formats including Microsoft Office compatible formats.
-
C3IT’s XBRL Reader reads and breaks down XBRL content into individual elements and stores them contextually.
-
Extract data from accounting databases and convert to XBRL and distribute or transform standard XBRL taxonomies into other formats for data exchange.
-
C3IT ‘s XBRL consultants will work with you to design a suitable training programme for your needs.
Contact a Consultant today to learn more.
As you may already be aware, many countries such as US, Denmark, Ireland, Germany, India, etc have mandated that all financial information exchange with regulatory authorities, banks etc needs to move towards EDI. This necessitated the definition of an open global standard (XBRL) that can be used to express financial data and be flexible enough to adapt to the accounting practices of all countries, languages and business needs.
XBRL is revolutionizing business reporting. It enables automated processing of business information software systems and helps prepare, analyze and communicate business information efficiently, accurately and reliably, with great savings and other benefits.
- XBRL is an international information format standard designed to help investors and analysts find, understand, and compare financial and non-financial information by making this information machine-readable......
- It also offers benefits to companies by allowing them to better control how their financial or non-financial information is disseminated and, by integrating their operating data with their financial reporting disclosure, to reduce reporting costs......
- XBRL is a computer language that permits the automation of what are now largely manual steps for access, validation, analysis and reporting of disclosure…… and because XBRL uses standardized XML (eXtensible Markup Language) technology, it can be read by a wide range of diverse software systems.
|
Exploit XBRL to save costs and improve efficiency in handling business and financial information.
All participants in the financial information supply chain can benefit, whether they are preparers, transmitters or users of business data.
Small businesses can benefit by standardizing and simplifying their assembly and filing of information to the authorities.
Investment analysts can simplify the selection and comparison of data, and deepen their company analysis.
Lenders can save costs and speed up their dealings with borrowers.
Regulators and government departments can assemble, validate and review data much more efficiently.
XBRL offers major benefits at all stages of business reporting and analysis.
By using XBRL, companies and other producers of financial data and business reports can automate the processes of data collection.
For example, data from different company divisions with different accounting systems can be assembled quickly if the sources of information have been upgraded to using XBRL.
Once data is gathered in XBRL, different types of reports using varying subsets of the data can be produced with minimum effort.
Users of data which is received electronically in XBRL can automate its handling, cutting out time-consuming and costly collation and re-entry of information.
Software can also immediately validate the data, highlighting errors and gaps which can immediately be addressed. It can also help in analyzing, selecting, and processing the data for re-use.
|
XBRL Solutions
