The eXtensible Business Reporting Language (XBRL) specification has become the new global standard for exchanging financial and business information. With the United States Securities and Exchange Commission (SEC) joining European banking regulators, United Kingdom tax authorities, and others in mandating its use, implementing an XBRL reporting solution is no longer an option – it's a requirement. XBRL enables all accounting jurisdictions to download, codify, and analyze time-sensitive financial data in seconds. Each jurisdiction can define its own accounting taxonomy, a set of agreed-upon, computer-readable tags for individual data items in business reports.

The SAP BusinessObjects XBRL Publishing application by UBmatrix can enable business users to leverage data in SAP BusinessObjects Planning and Consolidation, SAP BusinessObjects Financial Consolidation, and SAP Business Suite offerings to prepare XBRL documents. Designed for ease of use, speed, and flexibility, the application gives you greater control over the XBRL generation process for the communication of financial and business data to regulators, agencies, and banks. Able to extend existing taxonomies easily, the application complies with the latest XBRL 2.1 specifications, and allows you to exploit the full potential of XBRL reporting – including footnotes, dimensions, and business rules.

With SAP BusinessObjects XBRL Publishing, your business users can create any type of XBRL document you need, as well as tailor it to meet specific requirements. As a result, you can benefit from:

• Reduced time and effort to create XBRL documents thanks to integration with Microsoft Excel, taxonomy navigation tools, and drag-and-drop functions that simplify mapping
• Lower audit costs because auditors can "slice and dice" your financial data quickly and easily, enabling them to perform audits faster, more accurately, and at lower cost
• Greater confidence in your financial disclosures because data and mappings are validated as accurate, complete, and in compliance with business rules defined by third-party taxonomies
• Increased flexibility and control and lower costs because you can eliminate the need for XBRL outsourcing services