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Why do you need True North?

WHY DO YOU NEED TRUE NORTH?

If you are exchanging or sharing financial information in XBRL, creating a new taxonomy or receiving instance documents, then True North becomes your powerful, reliable assistant.

What are the advantages of using True North?

  • If you are a Regulator or other organisation involved in data collection and consolidation, then True North helps you to ensure your XBRL conformance:
    • By generating XBRL conformant taxonomies
    • By checking the validity of submissions against published taxonomies, whether the documents are custom developed or are generated by any of the widely available third-party tools that allow XBRL document production
    • By creating reusable data that can be absorbed into other internal applications or made available to a variety of users across multiple platforms, geographies and languages.
  • True North gives confidence that published financial data is fully reliable, giving analysts and info-mediaries a clearer picture of your company's performance enabling them to provide faster, more detailed analysis and better quality comparative data.
  • By using True North as your platform, you can be sure that your XBRL is generated in line with the industry standard, as True North is widely recognised for the depth and accuracy of its implementation of the 2.1 specification.