Software and Systems Providers
Software, Systems and IT Companies and XBRL
XBRL offers software, systems and IT companies a range of opportunities to enhance existing products, develop new ones and expand their business. It enables these companies to:
- Adopt a data standard for transferring business and financial information, avoiding the commercial conflicts and client aggravation caused by competing proprietary standards.
- Create software to support the preparation, publication and collection of data in XBRL.
- Create software to select, compare and analyse financial data in XBRL.
Software, systems and IT companies are among key members of the XBRL consortium. Their areas of activity range though general software and data handling, accounting, data analysis and validation, business systems, data publishing, to specialist XBRL and XML products.
To gain more information and a head start in the specifics of XBRL implementation, they should consider joining the consortium.