Home | XBRL | Project Management | Business Rules
INMAN provides solutions for Business Reporting. The INMAN philosophy is to build an agile business layer around existing enterprise systems, giving clients all the benefits of contemporary products such as XBRL, whilst protecting their substantial investment in their existing enterprise system and database.
XBRL plays a key role in the INMAN philosophy. We use XBRL to develop intelligent, self validating on-line applications, as well as building the often complex benefit and investment calculations required by our clients. By integrating XBRL into the enterprise database and/or an automated workflow system we substantially minimise the business and compliance risks associated with Business Reporting. INMAN focusses on systems that provide extensibility and business rules.
XBRL is a language for the electronic communication of business and financial data which is revolutionising business reporting around the world. It provides major benefits in the preparation, analysis and communication of business information. It offers cost savings, greater efficiency and improved accuracy and reliability to all those involved in supplying or using financial data.
XBRL stands for eXtensible Business Reporting Language. It is one of a family of "XML" languages which is becoming a standard means of communicating information between businesses and on the internet.
XBRL is being developed by an international non-profit consortium of approximately 450 major companies, organisations and government agencies. It is an open standard, free of licence fees. It is already being put to practical use in a number of countries and implementations of XBRL are growing rapidly around the world.
This site, based on content from http://xbrl.org/ provides information about the nature, uses and benefits of XBRL.
The idea behind XBRL, eXtensible Business Reporting Language, is simple. Instead of treating financial information as a block of text - as in a standard internet page or a printed document - it provides an identifying tag for each individual item of data. This is computer readable. For example, company net profit has its own unique tag.
The introduction of XBRL tags enables automated processing of business information by computer software, cutting out laborious and costly processes of manual re-entry and comparison. Computers can treat XBRL data "intelligently": they can recognise the information in a XBRL document, select it, analyse it, store it, exchange it with other computers and present it automatically in a variety of ways for users. XBRL greatly increases the speed of handling of financial data, reduces the chance of error and permits automatic checking of information.
Companies can use XBRL to save costs and streamline their processes for collecting and reporting financial information. Consumers of financial data, including investors, analysts, financial institutions and regulators, can receive, find, compare and analyse data much more rapidly and efficiently if it is in XBRL format.
XBRL can handle data in different languages and accounting standards. It can flexibly be adapted to meet different requirements and uses. Data can be transformed into XBRL by suitable mapping tools or it can be generated in XBRL by appropriate software.
For further INMAN information, please contact info@inman.com.au. For XBRL, please click on http://www.ubmatrix.com/
