The Altova European Banking Authority (EBA) XBRL Add-in for Excel shields reporting companies from the complexity of XBRL syntax.
This unique tool makes it easy for financial professionals to generate EBA reports compliant with EBA XBRL Filing Rules, directly in an application where they’re already comfortable working: Excel.
The Altova European Banking Authority (EBA) XBRL Add-in for Excel shields reporting companies from the complexity of XBRL syntax.
This unique tool makes it easy for financial professionals to generate EBA reports compliant with EBA XBRL Filing Rules, directly in an application where they’re already comfortable working: 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, to capitalize on the benefits of standardized data.
For filing companies, 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.
What if you could get EBA reports in XBRL format directly from a ubiquitous productivity tool that end users are already using for working with financial data, namely, Excel?
The EBA XBRL Add-in for Excel does exactly that.
Building EBA XBRL in Excel has numerous benefits:
To make EBA XBRL reporting even easier, the EBA Filing Pane lets users view and update information pertaining to document properties and tables. The Cell Documentation window displays the description of the currently selected cell or property as it’s annotated in the underling taxonomy, so users can understand exactly what to enter.
Once your EBA report is complete in Excel, simply click the Export XBRL button in the EBA ribbon, and the add-in will generate a valid XBRL instance document for submission.
It's just as easy to import existing EBA XBRL reports into Excel for easy analysis using the Import XBRL button in the EBA ribbon. Once the XBRL data is in Excel, it's easy to view, review, understand, and/or re-use.
Please note: The add-in requires Excel 2010, 2013 or 2016. It is not compatible with prior versions.
The add-in includes a batch conversion button in the Excel ribbon for converting multiple EBA XBRL reports to Excel. This functionality is helpful for customers working with large numbers of files and provides an easy way to automate batch conversions between EBA XBRL and Excel, saving time while reducing data entry errors.
OIM (Open Information Model) provides a syntax-independent model for XBRL data to be transformed into other formats such as CSV and JSON. Though XBRL provides an efficient, standards-based representation of business report data, such data is often stored and/or consumed in other formats. OIM is an abstraction layer that decouples XBRL from the underlying XML syntax. . This way, organizations can take advantage of the functionality of XBRL and at the same time have XBRL documents written in JSON and/or CSV.
Altova EBA XBRL Add-in for Excel supports OIM (Open Information Model), allowing for CSV output of XBRL reports. This gives users the option to export EBA XBRL reports created in the helpful Excel template directly to CSV in addition to XBRL.
It's easy to get started with the Altova EBA XBRL add-in for Excel. Simply download the software and install it to begin your free, 30-day trial.
In addition to Version 3.4 of the EBA Reporting Framework, the add-in includes built-in support for the European Central Bank Supervisory Financial Reporting Data Points (ECB SFRDP) and the Single Resolution Board (SRB) filing rules.
Support is also available for prior versions of the EBA taxonomy, as well as local taxonomies for several European countries via the XBRL Taxonomy Manager. This convenient tool is available directly in the software, offering an easy way to select required taxonomies and versions to use with the add-in.
You can select required taxonomies both during installation and by selecting Manage Taxonomies from the EBA tab in the Excel ribbon.
The XBRL Taxonomy Manager makes it easy to view the taxonomies installed on your system and check whether new versions are available for download, independent of the Altova product release cycle. Please refer to the XBRL Taxonomy manager for the most up-to-date list of supported taxonomies. It can be accessed within the EBA XBRL Excel ribbon or online here.
Supported local taxonomies include:
Altova is often able to add new country-specific taxonomies for use in this add-in via the XBRL Taxonomy Manager, provided they have an XBRL table linkbase and are Eurofiling-based. Contact Altova Support with requests of this type.
