XBRL and XWand
FUJITSU Enterprise Postgres
eXtensible Business Reporting Language (XBRL) is an XML based language which allows organisations to create business reports in a machine readable format which can be easily shared with other organisations, including regulators.
Regulatory authorities around the world are embracing the use of XBRL to dramatically improve the efficiency, and quality of financial reporting. In 2009, the US SEC adopted a rule that requires public companies to submit XBRL documents along with their quarterly, annual, and other public filings.
European Banking Authority (EBA) and European Insurance and Occupational Pensions Authority (EIOPA) have chosen XBRL as the Uniform Format for COREP/FINREP and Solvency II reporting from the 27 National Supervisory Authorities (NSAs) across Europe.Fujitsu, the Fujitsu logo, Interstage and Xwand are trademarks or registered trademarks of Fujitsu Limited in Japan and other countries. All other trademarks referenced herein are the property of their respective owners.owners.
The U.K. HMRC has mandated that all companies (approximately 1.7 million) submit their annual tax filings in Inline XBRL (iXBRL) beginning in April 2011.
To comply with these regulatory mandates, Interstage XWand provides the most advanced and complete XBRL solution on the market that makes creation and validation of XBRL documents for submission to the US SEC and HMRC and other regulatory bodies dramatically more efficient and cost-effective.
In Australia Fujitsu have developed tools, based on XWand, which match the specific requirements of Standard Business Reporting (SBR) and SuperStream.
Select from the various options in the left hand menu to see how Fujitsu can assist you with your SBR and SuperStream XBRL requirements.