Improve Accuracy and Compliance with XBRL-based Financial Solutions

Until now, the role of XBRL has been limited to taxonomy design and the creation of highly technical information products. Business users have been left out of the mix, unable to understand how XBRL can help them to deliver visual, cross-enterprise insight from raw data with less time and resources. Without a clear understanding, non-technical people are unlikely to take full advantage of today’s new breed of high-value financial data—and so far, no XBRL-ready system has reached out to business users to help them leverage this rich source of insight.
JustSystems’ xfy XBRL Solution welcomes business users into the fold, delivering an interactive, integrated XBRL experience to their desktop and ‘speaking’ to them in a language they understand. xfy XBRL Solution incorporates best-of-breed XBRL 2.1 validation & rendering technology developed by XMetaL, and the xfy Flexible Application Framework—but is designed to hide complexity and maximize usability for everyday users. xfy XBRL Solution efficiently and accurately produces, collects and analyzes financial data and associated documentation ranging from annual reports and credit applications to tax forms. As it accesses and presents a wide array of data from across the company in a visual, easy-to-understand format, xfy XBRL Solution:
- Rapidly creates and analyzes financial data compatible with any XBRL 2.1 compliant taxonomy
- Automatically generates complex financial data documents from instances and taxonomies
- Merges multiple Financial financial and non-financial XML vocabularies
(ex: RIXML, RSS & Stock feeds) with XBRL data sources to create complex managed views & documents seamlessly
Going far beyond the raw data within accounting systems, xfy XBRL Solution seamlessly integrates information from business systems that drive the everyday tasks of business. For instance, companies with a workflow, personnel or SCM system that is linked with an accounting system can unify data from all sources to provide decision-makers with a more complete analysis of performance, investment opportunities, risk assessment and budget validation.
Create accurate financial reports faster
Traditionally, XBRL-enabled solutions have focused on the editing & review of financial data configured from a single taxonomy with tightly scripted analysis scenarios.
xfy XBRL Solution automatically generates an instance view that matches any given taxonomy. This provides a working environment similar to a word processing program—acomfortable and familiar workflow for business users not accustomed to technical financial data entry. Additional related data can be easily added to a document whenever necessary, making it easier for business users to investigate trends and analyze data patterns more spontaneously.
Thanks to its high usability, xfy XBRL Solution generates financial reports that draw on multi-source information (such as annual reports) very quickly from the instance and taxonomy.

Analyze data more easily
The document-like user interface for XBRL financial data combines information from multiple sources to create visual, analysis-ready reports. Users can reference input from various financial statements to produce analysis and performance reports such as ROE, ROA and EVA, as well as multi-year profit/loss calculations. Graphs and charts can compare sales trends, market fluctuations and relative performance from one time period to another.

xfy XBRL Solution Components
XBRL Client Basic Edition
XBRL Client provides the functionality of the compound document not only for XBRL, but also for all kinds of XML vocabularies. It delivers a personalized analysis platform designed for business use, building-in greater meaning to raw data for non-technical users.

Taxonomy Designer
The easy-to-use interface of Taxonomy Designer makes Taxonomy editing more eficient for either 2.1 specification. By creating new taxonomies or extending existing ones, Taxonomy Designer helps financial organizations to customize XBRL to existing processes, vocabularies and business rules.
Instance Designer
TServing as the real-time view of XBRL instances, Ins tance Des igner i s re -usable in the xfy environment as the composite document, shortening the number of steps required to present a clear, concise view to business users.
Comprehensive functionality: XBRL data management
The server environment of xfy XBRL Solution—linked to a database—is ideal for managing and operating XBRL.
XBRL Repository
The repository enables flexible management, allowing users to change the storage of schemas and linkbases, configuring taxonomy and instances corresponding to a taxonomy.
Validation
With XMetaL XBRL Suite at the core, xfy XBRL Solution provides fully 2.1 compliant validation technology. Its best-of-breed XBRL engine validates taxonomies and instances based on the international standard specifications.