An increasing number of regulators and government agencies around the world are turning to XBRL (eXtensible Business Reporting Language) as the data reporting standard for collecting information from organisations. Whether the information be contained in complex forms, multi-dimensional reports or financial statements, this standard has proven itself to be a reliable and cost effective way to implement such projects.

Advantages of XBRL and iXBRL:

• XBRL can be used to define and order information in a collaborative manner
• formulaic rules can be applied to XBRL taxonomies to ensure that information is accurate at source; inaccurate information either cannnot be submitted to the regulator, or where anomalies are detected from these rules, explanations can be provided
• an increasing amount of software across all spheres can now produce XBRL and Inline XBRL natively, enabling the costs and effort imposed on companies by this process to be minimised

With proprietary processes and tightly integrated software, CoreFiling can help you manage the entire regulatory data collection life cycle.

Where can I find out more?

To discover how CoreFiling's proven business solutions can help benefit your organisation, please contact us to arrange an initial discussion of your requirements.