XBRL extends and improves
upon XML to improve the efficiency, accuracy and transparency
of reporting and information exchange. XBRL is fast
becoming the standard for financial information exchange
and reporting driven by the XBRL standardization programs
being implemented by the SEC, FDIC and the European
Central Banks. Over 500 organizations in 27 countries
are now participating in XBRL efforts.
The key to the
power of XBRL is the concept of a taxonomy, or metadata
model. The taxonomy provides structure to the information
being exchanged, business rules that operate on the
information, and a framework for easily creating new
taxonomies by extending existing ones. Taxonomies exist
today for a wide range of business applications including
US GAAP, IFRS, and the Basel II Accord.
UBmatrix
provides products for the full lifecycle of development
and deployment of XBRL-enabled applications that collect,
validate, aggregate, report or exchange information.
Taxonomy Designer –
for the development, extension
and testing of taxonomies
Processing Engine –
for embedding XBRL capabilities
into applications and technology
stacks
Enterprise Application Suite – for
developing and deploying server-based XBRL reporting
and information exchange applications
Report Builder – for desktop creation,
review, editing and validation of XBRL instance documents
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