One year ago, the U.S. SEC chose the XBRL standard to simplify and unify the exchange of financial information, and as such have joined the European central banks that have been using it since 2007 for regulatory reporting. In France, Infogreffe (which includes all of the Registries of the mercial urts) also selected the XBRL standard in 2008 for its portal for the filing of electronic financial statements.
All of these decisions reward the strategy of INVOKE that adopted this language very early on (Infogreffe has also chosen an INVOKE solution in implementing its portal). XBRL is now in the process of beming the universal standard in financial data mmunication.
INVOKE, software publisher of the first unified applications platform to gather reporting, nsolidation and overall management of tax-related information in XBRL format, is therefore ntinuing with its strategy and is launching the web version of INVOKE XBRL suite at the 19th XBRL International nference.
INVOKE XBRL web suite is a software suite based on INVOKE’s XBRL web financial spreadsheet application, which can adapt to any taxonomy. The 3 products that mprise the suite allow for the reading, modification and production of XBRL-format reports in a working environment that users are very familiar with: a spreadsheet application.
The INVOKE XBRL system, on the one hand, allows a single source of financial information to be provided that is shared by the various users at all stages of XBRL information flow (preparers, filers, auditors, regulators, investors, analysts, etc.), and, on the other hand, it provides each of these parties with the possibility of rendering this information acrding to their own needs, thanks to adapted solutions.
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