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Get Sharp with Altova’s Latest Release


Altova Software Version 2019 introduces over 20 new features to help you sharpen your development game – starting with support for high-res monitors in both XMLSpy and UModel. There are also tools for working with new standards and database versions across the product line, the ability to map and convert data in Google Protocol Buffers format, and much more. Let’s take a look at the highlights.

Altova Version 2019

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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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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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Excel Add-in Generates XBRL WIP Data


The reach of the eXtensible Business Reporting Language (XBRL) is rapidly expanding beyond financial reporting requirements to provide the advantages of standardized data submission across verticals. One recent development is the Work in Process XBRL Taxonomy created by XBRL.US for the surety industry.

The good news is that non-technical stakeholders can be completely shielded from the complexity of XBRL using software tools developed in concert with the taxonomy standards.

We’re excited to introduce the Altova Work in Process (WIP) XBRL add-in for Excel: a new product that lets contractors build their WIP reports directly in Excel, where they’re already comfortable working, and then export the reports in WIP XBRL for submission to sureties and underwriters.

Contractors writing WIP XBRL reports in Excel

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XBRL Data Mapping: WIP Taxonomy


The usefulness of the XBRL standard reaches far beyond SEC requirements for filing financial statements. Organizations such as XBRL.US and XBRL International are working to develop XBRL taxonomies and accompanying software solutions for countless other practical applications where standardizing data submission results in increased accuracy and productivity for all involved – for report filing, data analysis, and beyond.

One such project is the Work in Progress (WIP) Taxonomy created by XBRL.US for the surety industry. The new taxonomy helps save time and increase accuracy for report submission, and at the same time enables new opportunities for data analysis and decision making.

Construction-site-surety

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