The latest version of SAP BusinessObjects XBRL Publishing offers users pre-defined templates to streamline processes, speed up filing times, reduce overall reliance on IT and help drive significant cost and resource savings. The application also features support for inline XBRL (iXBRL), which converts the numeric-based reports into formats that are easier for people to access and comprehend via any Web browser.
iXBRL is already being adopted by organizations like the U.K.’s HM Revenue & Customs (HMRC), and the application is recognized by the HMRC accordingly. Additionally, the new version now features detail footnote tagging so that users can add written narratives and analyses to their disclosures during financial and compliance reporting. When building their reports, they can tag and link numeric detail with written information to produce a complete XBRL document and speed the last mile of finance process.
Newly available starter kits for SAP BusinessObjects software also help companies get the most out of their EPM and governance, risk, and compliance (GRC) solutions by speeding up time to value. The starter kits simplify customers’ deployment and configuration scenarios, and help them improve compliance with financial standards and regulations. For example, organizations can use them to set up activities ranging from data collection to financial statement publishing, and preconfigured reports, controls and rules enable them to perform, validate and publish statutory consolidations that help meet IFRS or U.S. GAAP requirements.
