Why Should I Join XII?

Benefits of Membership in XII

Membership in XII or a Jurisdiction offers organisations a more complete understanding of how to use XBRL and the benefit of an extensive network of experts and innovators willing to share their knowledge and experience. Members also are positioned to:

  • Develop more competetive products and services and bring them to market faster and exposure to best practice guidelines
  • More successfully implement XBRL projects to the benefit of stakeholders
  • Gain insight into plans for the use of XBRL around the world, revealing new business opportunities and cost saving opportinities

XBRL members have access to consortium meetings, working groups and electronic discussion groups, providing the best available range of information on XBRL development and planning. They also see draft versions of specifications and other technical documents as they are developed, well ahead of formal public release. Members can also play a full part in the creation of these plans, helping to ensure the plans meet their own individual business priorities and requirements.

As they come to use XBRL in practice, members have access to advice from the leading technical experts on XBRL. They can also make the most of the marketing opportunities available through the organisation. Participation helps a member identify itself as a leading and effective innovator. Specific advantages of membership include:

Technical Information and Development

  • Access to the latest and best technical information on XBRL through electronic discussion groups, phone conferences and meetings.
  • Early view of draft technical documents and taxonomies during their development.
  • Direct advice from to leading technical experts on XBRL on implementation and other issues.
  • Direct contact with vendors of XBRL software tools, with opportunities for cheaper access to tools and training.
  • Participation in setting requirements and priorities, ensuring these meet the needs of your organisation.
  • Resulting benefits include better decision-making on XBRL uses and implementation, quicker and cheaper solving of problems, earlier time-to-market.

XBRL Plans and Opportunities

  • Information on how industries, government, regulators and consumers of financial information are planning to benefit from XBRL.
  • Networking with other XBRL members, identifying common interests and possibly developing strategic business partnerships with suitable organisations.
  • Participation in liaison with key organisations, including government bodies and industry associations.
  • Resulting benefits are the identification of business opportunities and earlier delivery of products and services which meet market requirements.

Marketing

  • Ability to publicise and demonstrate products through XBRL consortium announcements and events.
  • Ability to plan and position products with a good understanding of how the market can benefit from XBRL.
  • Recognition for your organisation as an innovator able to make effective use of new technology.
  • Resulting benefits include more effective marketing of your products and improved positioning of your organisation.

Membership in any individual jurisdiction includes participation rights in XII. 

To register an interest in joining, without obligation, please e-mail membership@xbrl.org or you may contact your local Jurisdiction  for more information. Many countries or regions do not yet have their own jurisdictions. Organisations or individuals in these locations may join XBRL as an Organisational Direct Member. 

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