Altova Software Version 2022 is now available, with exciting new support for mapping and converting NoSQL databases in MapForce, pure text report output in StyleVision, and Windows 11 across the product line. The release also adds support for the exciting new OIM standard from XBRL International.
XBRL – the eXtensible Business Language – makes use of taxonomies as a standards-based way to define the specific tags that are used for individual items of data (such as “net profit”) in a financial report, as well as their attributes and how they relate to other data points. As such, different taxonomies are created for different business reporting scenarios.
Over time a staggering number of different XBRL Taxonomies have been developed to reflect the local accounting practices in various countries. In addition, many specific industries, such as construction and insurance, have created their own specialized taxonomies.
Developers and financial pros working with XBRL software tools need a way to download and manage the XBRL Taxonomies they need for their specific projects. Altova has long provided free installers for these taxonomies and their various versions on our web site, but we’ve now made the process even more streamlined with the XBRL Taxonomy Manager.
As standards-based technologies and their applications evolve, so does the functionality that users require from developer tools. In our latest release, we’ve added new ways to work with XBRL, JSON, EDI, and more that help Altova customers work faster and more efficiently.
Let’s take a look at some highlights from the Altova Software Version 2021 release.
In response to measures related to the COVID-19 crisis, the European Banking Authority (EBA) has issued updated reporting and disclosure requirements. These are designed to accommodate, for instance, emergency legislation on pausing loan repayment schedules and the resulting impact on financial institutions.
As such, the corresponding local XBRL taxonomies for reporting to the EBA have been updated with these temporary changes. Altova has published updated taxonomy installers that provide the most recent versions.
Additionally, the XBRL Taxonomies Installer for all other Altova products that provide XBRL functionality, including XMLSpy, MapForce, and StyleVision, has been likewise updated.
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.
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.
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.