Software for Financial Information Management, Exchange and Reporting
UBmatrix XBRL solutions deliver broad business value to Global 2000 com-panies, governing agencies and financial exchanges. Companies and government regulators have experienced order-of-magnitude improvements in reporting and information exchange data accuracy and efficiency using UBmatrix products. Notable areas of value are in:
- Regulatory Reporting â The increased reporting and compliance demands on both regulators and corporations has led a significant drive for technologies to help ease the burdens and inefficiencies of regulatory reporting. The FDIC and European Union Central Banks, with Basel II, have committed to an XBRL reporting standard, and the SEC appears ready to make the same commitment. UBmatrix XBRL solutions allow for more efficient and accurate regulatory reporting â for both regulated companies and for regulating agencies.
- Global Enterprise Information Exchange â In todayâs global enterprise, information is gathered and exchanged from disperse and disparate groups and systems, all with varied standards. Information can come from an array of formats, from EDI, XML and Excel files, to simply email or Word documents. To make this information usable for business reporting and analysis, significant human effort needs to go into structuring and organizing the data. This results in inefficiencies, inaccuracies and loss of transparency. UBmatrix XBRL solutions provide a standard for sharing such disperse and disparate data.
About XBRL
XBRL (extensible business reporting language) extends and improves on XML, the language on which the Internet is built, for business information exchange and reporting. XBRL adds business semantics, rules and extensibility through data models known as taxonomies. Taxonomies exist today for a wide range of business applications including U.S. GAAP, IFRS and the Basel II Accord. Usage of XBRL is accelerating, in part, because of recent regulatory developments, including the FDIC adopting XBRL as the standard for reporting for its 8,600 member banks; the European Union Central Banks in Basel II adopting XBRL for reporting beginning in 2007; and the SEC setting the stage for XBRL reporting with an investment in the technology and a pilot XBRL reporting program. The AICPA and FEI and many other regulators and standards organizations are now adopting XBRL.
UBmatrix Products
UBmatrix delivers a full range of desktop and server software for the design, development and deployment of applications that collect, validate, aggregate, report or exchange information.
Report Builder, Microsoft Office Edition is a desktop application that leverages Microsoft Excel for the collection and validation of information and the generation of XBRL instance documents.
Compliance reporting for Basel II reporting requirements â based on an existing taxonomy and Report Builder Microsoft Office Edition, the Basel II solution enables reporting banks to easily collect information, validate it and report under Basel II requirements.
Enterprise Application Suite is a server-based platform for enterprisewide XBRL-based applications for aggregation, reporting and exchange of information.
