XBRL Publishing

The SAP® BusinessObjects™ XBRL is a less costly approach to generate XBRL based financial statements. Recently, XBRL specification has become the new global standard for exchanging financial and business information. Each jurisdiction can define its own accounting taxonomy, a set of agreed-upon, computer-readable “tags” for individual data items in business reports. Firms must choose line items tags from a regulator’s taxonomy and map them to their respective financial figures. Given the significant number of data items, creating consolidated financials published as XBRL documents is no small task. Using SAP XBRL publishing application, the business user can prepare, review, and analyze data in XBRL documents quickly and accurately.

SAP BusinessObjects XBRL Publishing works together with SAP consolidation and financial reporting applications or standalone. Controllerships and compliance teams can create, customize, and validate XBRL documents quickly and efficiently.

XBRL Benefits for Business Reporting and Analysis

• Automation of manual processes and cost savings through re-deployment of resources
• In-house control and expertise of statutory and regulatory reporting 
• More reliable and accurate handling of data 
• Improved analytics and better quality of information for decision making