How to Get EBA XBRL from Excel

Erin Cavanaugh
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Like other regulatory agencies around the world, the European Banking Authority (EBA) has standardized on XBRL for the transmission of data submitted by filing entities. Benefits of using XBRL include increased accuracy and efficiency of supervisory practices and risk identification. The use of XBRL benefits filing organizations as well, because the now-standardized data can be easily validated and then used further for automated report generation and other common requirements.

However, the challenge lies in getting backend data into a valid XBRL format according to the EBA Taxonomy, especially since the employees recording the data are generally financial professionals and not familiar with XBRL syntax.

Let’s take a look at how EBA reporting tools can make it easier.

EBA XBRL from Excel

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Dark Mode and Much More in Version 2023

Erin Cavanaugh
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Long-time XMLSpy and MapForce customers may remember the fun drawings and depictions from Altova’s early ads and logos. Those dark spy images have given way to brighter colors and imagery over the years – but at the same time, developers have gravitated towards dark mode in their applications. Now, dark mode is finally available for XMLSpy and MapForce!

This fun option is being released alongside important support for additional standards and databases, a new tool for managing schemas across the product line, and a brand new product for building ESEF XBRL reports in Excel.

Altova announces Software Version 2023 with dark mode
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Examine, Edit, and Validate .x3d Files

David McGahey
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The .x3d file format is an ISO/IEC xml-based standard for representing 3d images. Also known as X3D, .x3d files originated as a way to represent 3D images for computer graphics. Over time applications grew from virtual reality (VRML), to CAD design, architectural rendering, 3D printing, medical and anatomical imaging, representation of molecular chemical structures, human animation, and more.

The Web3D Consortium maintains the X3D standard, with XML Schemas documented here. Current versions include definitions of more than 250 XML elements, over 100 simple types, 70 complex types, and more than 40 defined node groups.

It takes that much complexity to accurately describe anything from a precisely manufactured machine part to a richly textured virtual environment, especially considering lighting, texture, and point of view! XMLSpy, the world’s most popular tool for modeling, editing, transforming, and debugging XML and JSON related technologies, supports .x3d files. XMLSpy offers standards-based tools for anyone who may need to examine, exchange, consume, or validate .x3d files. Let’s look at some examples.

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Get to Know Your Favorite XML Editor Again [Video]

Erin Cavanaugh
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For more than a decade XMLSpy has been a leading choice for all things XML. But over the years we’ve broadened the scope by adding hundreds of new features, supported standards, and innovative tools to make development faster and easier.

This new overview video offers a quick, high-level look at the various tools and options available, including functionality for JSON, XPath/XQuery, HTTP testing, debugging, back-mapping, and more.

Check out the XMLSpy demos page for more videos and in-depth tutorials on the JSON Grid Editor, XPath and XSLT for JSON, comparing XML files, and more.

Get access to all these features by upgrading to the latest version of XMLSpy or downloading a free, 30-day trial.

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New Tools to Work with XBRL in Excel

Erin Cavanaugh
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With the importance of accurate, standardized financial reporting enforced through XBRL filing mandates, having XBRL tools you can rely on is a must. What’s more, financial professionals need to be able to generate XBRL reports easily without getting bogged down by the complexities of XBRL syntax.

Altova offers several add-ins for Excel that make it easy for organizations to comply with regulations from the EBA, EIOPA, and other regulatory bodies that mandate reporting in XBRL. These easy-to-use software products integrate directly into Excel so that users can create valid XBRL reports in an environment where they’re already comfortable working. And, the add-ins support importing existing XBRL reports to Excel for easy readability and analysis.

The latest release of the Altova XBRL Add-ins for Excel provides some important new features – let’s take a look.

New tools to work with XBRL data in Excel
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Top 5 Requirements for RMAD Tools

Erin Cavanaugh
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Originally coined by analyst firm Gartner, RMAD (rapid mobile application development) isn’t just the biggest acronym in app development for 2019 –  it’s an absolute necessity.  Waiting six to eight months for an app ensures that it will be completely obsolete once it’s finally ready for prime time: requirements will change, another app will fill the niche, or end users will already be entrenched with another solution.

In addition, a traditional, non-RMAD approach assumes you have a team of mobile developers ready to tackle the project, and for many businesses, hiring experienced app developers is a lengthy, expensive process. Outsourcing your app development work that well, either. Many have tried, but few have succeeded in getting third-parties to realize the original vision of the app, on time, and while ensuring the integrity of their intellectual property rights.

Luckily, with the increasing prevalence of RMAD tools, developing a sophisticated, full-featured app in a week or two – and with your existing tech team – is suddenly a reality. Of course, not all RMAD tools are created equal. Let’s take a look at the five top requirements you should demand in an RMAD solution.

Mobile app end users

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How to Manage GDPR Compliance [Video]

Ty Shuff
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The General Data Protection Regulation, better known as the GDPR, is a set of privacy and data protection rules applying to organizations that process personal data of people residing in either the European Union or European Economic Area. It was built to comply with legislation that went into effect on May 25, 2018 and provides individuals more control of their personal data. The GDPR simplifies the regulatory environment for international business by providing a common set of standards for all businesses working in the EU.

The GDPR requires that data production measures be built into the design of business processes that collect personal data. If a breach occurs, information about this breach must be reported to the supervisory authority. Altova has created the GDPR Compliance Database, a tool that simplifies the storage and access of metadata related to company processes that touch personal data.

The Altova GDPR Compliance Database is a long-term solution for companies looking for a permanent solution to GDPR compliance. It enables companies to respond quickly to any incidents and contains built in mechanisms for change tracking, ensuring compliance measures are well documented.

The video above provides a high-level overview of all the features contained in the Altova GDPR Database.

Learn more about the Altova GDPR Compliance Database and try it free for 30 days.

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