The eXtensible Business Reporting Language (XBRL) specification has become the new global standard for exchanging financial and business information. With the U.S. Securities and Exchange Commission (SEC) joining European banking regulators, UK tax authorities, and others in mandating its use, implementing an XBRL reporting solution is no longer an option – it's a requirement.
XBRL enables all accounting jurisdictions – both U.S. and foreign – to download, codify, and analyze time-sensitive financial data in seconds. Each jurisdiction can define its own accounting taxonomy, a set of agreed-upon, computer-readable tags for individual data items in business reports.
With the SAP BusinessObjects XBRL Publishing application by UBmatrix, you can gain greater flexibility and control over the XBRL publishing process and avoid the need for potentially costly outsourcing. SAP BusinessObjects XBRL Publishing can help you pull data from any consolidation application- or other business software – and prepare, review, and analyze data in XBRL documents quickly and accurately.
SAP BusinessObjects XBRL Publishing works together with SAP's consolidation and financial reporting applications to enable your staff to prepare XBRL report submissions right from their desktops. Now finance and compliance teams can create, interact with, customize, and validate all kinds of XBRL documents efficiently.
Your business users can leverage applications such as SAP BusinessObjects Planning and Consolidation, SAP BusinessObjects Financial Consolidation, and SAP Business Suite offerings to assemble your financial reports. Then, they can leverage SAP BusinessObjects XBRL Publishing to tag, transform, and map this data to create XBRL-instance documents. And because SAP BusinessObjects XBRL Publishing comes with the leading XBRL engine from UBmatrix, you can be confident that your documents are valid for the taxonomies you use.
XBRL enables all accounting jurisdictions – both U.S. and foreign – to download, codify, and analyze time-sensitive financial data in seconds. Each jurisdiction can define its own accounting taxonomy, a set of agreed-upon, computer-readable tags for individual data items in business reports.
With the SAP BusinessObjects XBRL Publishing application by UBmatrix, you can gain greater flexibility and control over the XBRL publishing process and avoid the need for potentially costly outsourcing. SAP BusinessObjects XBRL Publishing can help you pull data from any consolidation application- or other business software – and prepare, review, and analyze data in XBRL documents quickly and accurately.
SAP BusinessObjects XBRL Publishing works together with SAP's consolidation and financial reporting applications to enable your staff to prepare XBRL report submissions right from their desktops. Now finance and compliance teams can create, interact with, customize, and validate all kinds of XBRL documents efficiently.
Your business users can leverage applications such as SAP BusinessObjects Planning and Consolidation, SAP BusinessObjects Financial Consolidation, and SAP Business Suite offerings to assemble your financial reports. Then, they can leverage SAP BusinessObjects XBRL Publishing to tag, transform, and map this data to create XBRL-instance documents. And because SAP BusinessObjects XBRL Publishing comes with the leading XBRL engine from UBmatrix, you can be confident that your documents are valid for the taxonomies you use.
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