- Allow companies to review their XBRL filing documents before they are submitted
- Check labels are correct, check that amounts are correct, check that calculations are correct. Result is a higher quality filing with reduced errors.
- Understand what the regulator will see
- Where errors occur allow feedback comments to be made and sent back for action
- References the original document at all time, is not creating multiple copies of the data. When the source information changes the Report will notify the user and update values accordingly. The XBRL instance is the single version of the truth.
- Use XBRL data for business intelligence
- Track company performance, create and compare interim accounts side-by-side
- Track company performance against competitors in multiple countries
- Calculate benchmarks/metrics from multiple documents (e.g by industry)
- Multi-country support of multiple XBRL flavours (e.g. SEC XBRL, HMRC iXBRL)
- Quickly create, distribute, and re-use analysis
- Include data from external sources, such as currency rates, along with XBRL data in your reports through RESTful and web services.
- Use XBRL data to Enrich your existing data warehouse
- Add analysis calculations to XBRL data and then use the results as a new data source in existing systems such as trading platforms, business intelligence systems, analytic systems.
