Tuesday, April 15, 2014

New XBRL Tools for Compliance and Beyond

It can be hard to keep up with all the exciting developments in the XBRL space. Standards are constantly evolving to make compliance easier and deepen the benefits provided by XBRL for internal analysis and reporting. As a leader in XBRL development and validation, Altova is committed to supporting the latest standards, coupling strict conformance with high-performance, easy to use tools. With the latest product launch, Version 2014 Release 2, we’ve added some important enhancements, including significant increases in validation speeds, XBRL Table Linkbase support, and extended XBRL Formula tools. Below is a portion of an XBRL Table generated in XMLSpy, using XBRL Table Linkbase to render revenue calculations in new and productive ways:
XBRL Table
Let’s take a look at the benefits of these new features for your XBRL implementation.
Increased XBRL Validation Speed
RaptorXML+XBRL Server was already the fastest XBRL validation processor available – and Version 2014 Release 2 provides substantial performance improvements. Validation speed increases are most significant - up to three times faster - on multicore servers taking advantage of parallel validation, making validation of large amounts of XBRL data faster than ever before.
XBRL Table Linkbase Tools
XBRL Table Linkbase is perhaps the most exciting of the many recent developments in the XBRL space. The Table Linkbase gives taxonomy authors the ability to easily define the structure of tables for presenting (and even editing) XBRL data. Sure, the presentation linkbase already lets you define some rules for rendering XBRL, but it only provides for the arrangement of facts in a simple hierarchy. XBRL Table Linkbase goes well beyond this, allowing you to access, combine, evaluate, and present multi-dimensional XBRL facts and relationships to suit just about any requirement.
By standardizing the ability to present XBRL data to suit the needs of all stakeholders, XBRL tables add value beyond meeting compliance requirements.
XBRL Table Linkbase validation is now supported by both RaptorXML and XMLSpy, and XMLSpy includes a new XBRL Table Linkbase editor, which you can see on a new tab in theXBRL Taxonomy Editor.

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