The Importance of Choosing Certified XBRL Tools 


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

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Top Five Features in Altova’s Latest Release


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

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Learn About Inline XBRL and XBRL Taxonomy Packages


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

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How to Get Excel into XBRL for EBA Filing


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.  Benefits of using XBRL range from increased accuracy, to efficiency of supervisory practices and risk identification, and so on. The use of XBRL benefits filing organizations as well, because the now-standardized data can be easily validated and then used further for automated report generation and other common requirements.

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. Let’s take a look at a few options for that, including a new product from Altova called the European Banking Authority (EBA) XBRL Add-in for Excel.

EBA XBRL from Excel

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


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

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Top Five Reasons to Document Your Schemas


Schema development is often an iterative process, and developers don’t typically start from scratch – XML Schemas, and, increasingly, JSON Schemas, are pieced together from existing documents or inherited from other teams. The ability to discern how schema components relate and analyze notes about development choices is infinitely helpful – but so often impossible due to lack of effective documentation.

Let’s take a look at some of the reasons documentation should be an integral part of your XSD, JSON, or other schema development.

 Benefits of XSD documentation

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Compare Financial Data for 2 US Public Companies


Last winter we launched Company Financials – a nifty little app that lets you view and graph financial reports for US public companies based on the XBRL data that they have to file with the SEC. Now we’re proud to announce the new Company Financials 2.2 app, which adds tons of new features, including the ability to compare financial data for 2 US public companies side-by-side!

Lower Manhattan

So when you’re out on the boat this summer, looking back at Lower Manhattan and Wall Street, you can still analyze financial reports and do an in-depth comparison of financial data between two companies – just by typing their stock tickers into your smartphone or tablet.

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