New Tools to Work with XBRL in Excel


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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Learn about XULE for XBRL


XBRL (eXtensible Business Reporting Language) is an open, XML-based standard for the electronic submission of business and financial data. Though XBRL specifies what data must be reported and provides a standardized way of doing so, companies and regulatory agencies need a way of ensuring data quality through business rule validation. XULE is one method that is growing in popularity.

Let’s take a look at what XULE is and how it works.

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Version 2020 Revolutionizes JSON Editing


We’re introducing several exciting new tools for JSON development in Altova Software Version 2020, but there’s much more too. Support for the XULE XBRL standard, comparing CSV against database content, and updated database support are just a few of the new features introduced across the product line.

Let’s take a look at the highlights.

Altova Software v2020 announcement
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How to Get EBA XBRL from Excel


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 a few options for that, including a solution from Altova called the European Banking Authority (EBA) XBRL Add-in for Excel.

EBA XBRL from Excel

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Job Distribution on FlowForce Server


FlowForce Server is Altova’s high-performance engine for automating workflows of XML processing, data integration, report generation, and more. It integrates with other Altova server software products to automate their functions, such as executing complex data integration processes, including ETL projects, designed in MapForce; running  StyleVision report generation jobs; or validating XML, XBRL, or JSON files with RaptorXML Server.

Starting with Version 2019, FlowForce Server offers new options for distributed execution and load balancing to improve availability and performance. Let’s take a look at how configuring multiple FlowForce Servers to run as a cluster can help improve data throughput and provide redundancy.

Job distribution for high availability on FlowForce Server

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Solvency II XBRL without the Headache


Solvency II regulations in the European Union require periodic reports to be submitted in XBRL format by companies in the insurance industry. This can present a considerable challenge to workers unfamiliar with technical XBRL syntax.

Altova created an easy way to take data directly from Excel to generate reports based on the Solvency II XBRL taxonomy, completely shielding end users from the complexity of XBRL syntax.

Let’s take a look at what the Solvency II regulations mean to impacted companies and how the Altova Solvency II add-in for Excel makes it easy to generate valid reports for filing.

Learn about Solvency II XBRL

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The Importance of Choosing Certified XBRL Tools 


Aside from complying with filing regulations, there are numerous benefits associated with adoption of the eXtensible Business Reporting Language. Standardizing information allows data validation as well as simplified comparison of reported data within an organization – from quarter to quarter or year to year, for instance – as well as comparing performance among multiple companies.

Of course, the benefits promised by XBRL  can only be realized through strict standards conformance in the tools organizations use for validating, reporting, and analyzing their XBRL data. Problems have arisen due to lack of consistent interoperability between software tools as well as less stringent validation checks that result in filing errors and diminished data quality.

Altova has always striven to deliver the closest possible conformance with supported XBRL standards and is honored to have received certification from multiple XBRL standards bodies, ensuring conformance and interoperability. Let’s take a look at the specifics and why this is so important for customers.

Financial pros using XBRL

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