Automating reporting processes
An essential feature of the XBRLeXtensible Business Reporting Language standard is its extensible nature inherited from the XMLeXtensible Markup Language standard.
Two scenarios can arise:
- The taxonomy must be created from scratch, without other constraints. In this case, we the XBRL specifications are leveraged to produce the new taxonomy.
- An existing taxonomy must be extended in a given context such as ESEF by ESMA or the ones defined by the SEC. In this case, the specifications of the taxonomies are extended.
Acsone’s approach
Arevio Taxonomy Builder is a Framework allowing you to create an XBRL taxonomy and the associated taxonomy package from tables defined in an Excel template. With Arevio Taxonomy Builder Edition, you will be able to create a taxonomy structured around the specifications of the Table linkbase standard, which will reflect the tables defined in Excel tables. The Framework consists of a plug-in that is easily adaptable to encompass your specific needs. The plug-in is the perfect representation of our expertise in XBRL specifications and our ability to design user-friendly and powerful tools.
Once the taxonomy package has been created, all you need to do is to load it in Arevio. You will get the ideal platform to enter XBRL reports reflecting your business needs.
Enhancing data quality
Do you want to apply validation rules to your report data?
Arevio Governance Edition will help you to write validation rules easily. Visit our page dedicated to Data Governance and learn more about our vision on the ideal data quality management system.
Let’s explore how we can collaborate. Book your personalized demo now.
