Tagetik, a global provider of Performance Management and Financial ernance software, has adapted its solutions to support financial reporting in the new international standard Extensible Business Reporting Language (XBRL). Dubbed by the Securities & Exchange mission (SEC) as the “21st Century Disclosure Initiative”, XBRL-enabled software allows mpanies to meet the reporting rule it recently finalized that requires public mpanies to submit filings using XBRL, starting next month. It enables investors to more easily locate and mpare mpany information in financial reports. This open standard guarantees a transparent and effective financial mmunication.

Tagetik’s XBRL-enabled solution for Performance Management and Financial ernance provides an identifying tag for each item of financial data, making it easy to find specific information, such as “ profit”, rather than sifting through blocks of text. Tagetik allows users to easily create sophisticated financial reports using XBRL–improving internal ntrols for external reporting and rcing time, st and mplexity.

“Tagetik’s unified Performance Management and Financial ernance Solution supports XBRL standards enabling mpanies to effectively manage their ‘last mile of finance’ and data nsolidation,” said the mpany’s Chief Operating Officer Manuel Vellutini. “Our XBRL technology closes the loop on the standardization and publication process offering valuable benefits in aurate, timely and reliable analysis and mmunication of business information. It rces the st and mplexity of financial filing.”