Automating reporting processes
An essential feature of the XBRLeXtensible Business Reporting Language standard is its extensible nature. This element comes from its integration in the XMLeXtensible Markup Language standard.
Two scenarios can arise:
- The taxonomy must be created from scratch, without other constraints. In this case, we will extend the XBRL specifications.
- 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, we will extend the specifications of the taxonomies.
Arevio Taxonomy Builder is a Framework allowing you to create a 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, which will reflect the tables defined in Excel tables. The Framework consists in a plug-in, easily adaptable to encompass your specific needs. This 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 on Arevio Web Edition. 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 easily write validation rules. 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.