Web-Based Software creates XBRL financial reports.December 24, 2008 -
Using iF(TM) Software, filers and filing agents can comply with Securities and Exchange Commission's mandate requiring companies to file financial reports in XBRL formats. User only needs to fill in form that software dynamically generates based on US GAAP taxonomy. Program eliminates time-consuming task of manually tagging data to create XBRL documents.
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Original Press release
CompSci Resources, LLC
P.O. Box 10625
Rockville, MD, 20849
USA
CompSci Releases Web-Based Solution to Create XBRL Financial Reports in Anticipation of the SEC's XBRL Mandate
ALEXANDRIA, Va., Dec. 10 /-- CompSci Resources, LLC announced the release of its new web-based software tool called iF(TM) or "interactive Forms" which allows users to create their own XBRL financial reports (or XBRL instance documents). In anticipation of the Securities and Exchange Commission's mandate requiring companies to file financial reports in XBRL format, CompSci offers a simple and inexpensive way for filers and filing agents to comply with the proposed new rule which is intended to provide greater transparency to financial data. "Creating XBRL financial reports or 'instance documents' just got a lot easier and much more cost-effective with our new software tool," said Joe Clem, CompSci's chief technical architect. "With our unique technology, creating XBRL financial reports is simply a matter of filling out a form which our software dynamically generates based on the US GAAP taxonomy. We designed the software so that the costly and time-consuming task of manually tagging data to create XBRL documents is no longer necessary. Our web-based software enables filers and filing agents to generate XBRL financial reports whenever and wherever users have access to the Internet - alleviating the need for installing costly software on your computer."
CompSci's low cost software solution is now available on a recently released interactive data website at https://www.xtensibledata.com/. Xtensible Data's website also features the XBRL rendering and analytical tools developed by CompSci, a leader in the development of XBRL technology. Xtensible Data's website is fully powered by CompSci's real time XBRL rendering engine, and offers both free and paid subscriptions to CompSci's unique web-based XBRL software tools, including:
-- Free subscriptions to render in real time any IFRS, US-GAAP, COREP, FINREP or other XBRL 2.1 compliant instance documents.
-- Fee based subscriptions to render and analyze in real time any IFRS, US-GAAP, COREP, FINREP or other XBRL 2.1 compliant instance documents.
-- Fee based subscriptions to CompSci's XBRL instance document creation tool.
Visit www.xtensibledata.com.
CONTACT: Sarah Curtis of CompSci Resources, LLC, +1-703-584-7177
Web Site: http://www.compsciresources.com/ http://www.xtensibledata.com/
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