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XBRL - Transforming the Future of Business Reporting
A new era of clarity, accuracy, consistency, and efficiency is on the horizon.
XBRL (Extensible Business Reporting Language) will dramatically impact how businesses manage regulatory filings, financial reporting, communicating with stakeholders and the overall consumption and analysis of financial information. Organizations without a strategy in place are at risk of being caught flatfooted when the mandate occurs. XBRL turns flat, one-dimensional information into live, interactive information that reveals its full context. Suddenly, financial data is universally accessible, richly contextual and highly comparable.
JustSystems’ xfy XBRL Report enables exploring, viewing and reporting on complex XBRL data
JustSystems takes you beyond the hype and confusion of XBRL to provide you with real world XBRL-based software solutions:
The XBRL Revolution Starts Now!
For ages, XBRL has felt like a looming, yet fairly benign threat. This is because the standard was too immature for a sweeping mandate in complex jurisdictions such as the
United States. What a difference a few years can make! According to SEC Chairman Cox, an XBRL mandate is on its way--and it is time for regulators, accounting firms, and corporations to become prepared to survive and thrive in the new world of business reporting. While the promise of a mandate is quite real, panic is not the appropriate response. The reality is that XBRL can help to transform your business, dramatically simplifying filing and reporting and improving transparency and information access in ways never before imaginable.
What is the problem?
What many people don’t recognize is that XBRL wasn’t designed for human consumption. Where XBRL thrives is in providing a common standard for the seamless exchange of information between systems and applications—machines talking to machines. Where the standard falls short is where people get involved—“eyeballs on the glass”—to review, approve, analyze and collaborate around XBRL data.
True XBRL software solutions are few and far between. JustSystems has remained focused on providing a way for reviewers of XBRL data to view and interact with multi-dimensional XBRL information. The problem here is there has been no solution in use today that can provide a look ahead at real world use cases—until now!
Contact Us
If you have any questions concerning XBRL, or if you are looking for a software solution to help you make an easy transition into the world of XBRL, contact us:
Phone
North America: +1 866 793 1542
Europe: +44 (0) 1462 889 082
International: +1 604 697 8705
Email
North America: contactsales-na [at] justsystems.com
Europe: contactsales-emea [at] justsystems.com
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