XBRL Archives

Solvency II XBRL without the Headache

November 14, 2018/in Applications, XBRL /by Erin Cavanaugh

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

The Importance of Choosing Certified XBRL Tools

May 1, 2018/in Applications, Tools, XBRL /by Erin Cavanaugh

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

Tags: RaptorXML, XBRL, XBRL tools, XMLSpy

Top Five Features in Altova’s Latest Release

April 17, 2018/in Development, XBRL, XPath, XQuery /by Erin Cavanaugh

Release 2 of the Altova Version 2018 product line introduces a host of new features and updates, and even a brand-new product.

Let’s take a look at the top five reasons you won’t want to wait to download this version.

News about Version 2018 R2

Tags: data integration, data mapping, JSON, UML, XBRL, xpath, XQuery, XSLT

Learn About Inline XBRL and XBRL Taxonomy Packages

November 29, 2016/in Software, Tools, XBRL /by Erin Cavanaugh

As adoption of the eXtensible Business Reporting Language (XBRL) for financial reporting increases worldwide, new standards are emerging to meet the needs of filing companies and developers alike. Altova’s line of XBRL-enabled products supports a wide-range of XBRL standards and is updated frequently as new specifications emerge.

Let’s take a closer look at two of the newer XBRL standards – Inline XBRL and XBRL Taxonomy Packages – and explore how they work.

Corporate buildings

Big Data, Database, and XBRL Tools Get a Huge Boost

October 4, 2016/2 Comments/in Development, Software, XBRL, XML /by Erin Cavanaugh

It’s time for the latest release of Altova’s MissionKit and server software products, and this one delivers a huge boost in functionality for working with big data, databases, XBRL, and much more.

With support for Apache Avro in multiple products, additional databases and drivers across the product line, and two new XBRL specifications in developer and server products, plus a new way to build and process PDF forms, Version 2017 connects all the data dots.

What will be your favorite new feature? Let’s take a look.

Big Data Support

Excel Add-in Generates XBRL WIP Data

May 11, 2016/in Applications, Tools, XBRL /by Erin Cavanaugh

The reach of the eXtensible Business Reporting Language (XBRL) is rapidly expanding beyond financial reporting requirements to provide the advantages of standardized data submission across verticals. One recent development is the Work in Process XBRL Taxonomy created by XBRL.US for the surety industry.

The good news is that non-technical stakeholders can be completely shielded from the complexity of XBRL using software tools developed in concert with the taxonomy standards.

We’re excited to introduce the Altova Work in Process (WIP) XBRL add-in for Excel: a new product that lets contractors build their WIP reports directly in Excel, where they’re already comfortable working, and then export the reports in WIP XBRL for submission to sureties and underwriters.

Contractors writing WIP XBRL reports in Excel

Tags: Excel, WIP, XBRL