XBRL and XWand
To better regulate financial transactions around the world, eXtensible Business Reporting Language (XBRL) - a standardized data format for reporting financial data - is being adopted by central banks, taxation departments and financial supervisory bodies. In 2009, the Australian Treasury department and 12 other government agencies licensed Fujitsu's XBRL software (Interstage XWand) for the Standard Business Reporting (SBR) project. The project aims to simplify business to government (B2G) reporting and save Australian businesses close to $800 million annually when fully implemented. More recently, through an initiative known as SuperStream, the Australian government has mandated the use of XBRL to improve the processing of everyday superannuation transactions.
XBRL Report Types
Benefits of Interstage XWand for Developers
Fujitsu is the largest vendor of XBRL software in Australia. For more information on Interstage XWand please visit the Fujitsu Australia web site at:
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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.