XBRL (Extensible Business Reporting Language)
Delivering XBRL Services for enhanced exchange of business related information.
XBRL i.e. Extensible Business Reporting Language is a rapidly evolving standard of information exchange that is being accepted worldwide. It enables the transfer of consistent business data across computers, software applications and people. This format is widely accepted by major accounting firms, trade organisations, financial institutions and governments.
XBRL offers major benefits at all stages of business reporting and analysis. The benefits are seen in automation, cost saving, faster, more reliable and more accurate handling of data, improved analysis and in better quality of information and decision-making.
XBRL enables producers and consumers of financial data to switch resources away from costly manual processes, typically involving time-consuming comparison, assembly and re-entry of data. They are able to concentrate effort on analysis, aided by software which can validate and manipulate XBRL information. Once data is gathered in XBRL, different types of reports like, internal management reports, financial statements for publication, tax and other regulatory filings, as well as credit reports can be generated quickly and are reliable.
Listed and specified class of Companies have to file their financials in the XBRL mode.
Our Expert Services includes:
- Help companies to convert their financial and reporting data into this XBRL format.
- End to end service that frees companies of the processing hassles while ensuring that their financial data and reportage is widely accessible and readable.