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SOA and XBRL GL: Using XBRL GL to Achieve Data integration

SOA and XBRL GL: Using XBRL GL to Achieve Data integration. Neal J. Hannon, CMA XBRL Editor, Strategic Finance Magazine University of Hartford. Linked Applications Rule the 90’s. BUT…. Companies are becoming buried in an avalanche of unstructured, undisciplined data.

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SOA and XBRL GL: Using XBRL GL to Achieve Data integration

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  1. SOA and XBRL GL: Using XBRL GL to Achieve Data integration Neal J. Hannon, CMA XBRL Editor, Strategic Finance Magazine University of Hartford

  2. Linked Applications Rule the 90’s

  3. BUT…. Companies are becoming buried in an avalanche of unstructured, undisciplined data

  4. Service-Oriented Architecture (SOA) expresses a perspective of software architecture that defines the use of services to support the requirements of software users. • Unlike point-to-point architectures, SOAs comprise loosely coupled, highly interoperable services. These services interoperate based on a formal definition (or contract) which is independent from the underlying platform and programming language (e.g., WSDL).

  5. “An SOA is the big picture of all the business processes and flows of a company. It means businesspeople can visualize, for the first time, how their businesses are constructed in terms of their technology.” • “An SOA is the blueprint that guides the development of the integration layer and its two major components: messaging infrastructure and services.” Source:CIO Magazine

  6. The sea-change that is now occurring is that integration has itself become the dominant model of computing. --Tim Jennings, Research Director The Butler Group The sea-change that is now occurring is that integration has itself become the dominant model of computing. --Tim Jennings, Research Director

  7. Linking Processes with Web Services: SOA The days of gigantic one size fits all program are over. System architects can seamlessly link major business processes of a company together using XML and XML technologies. XML (XBRL), SOAP, Web Services, can all be “trained” to discover applications and business processes, execute commands and apply meta-data to the core business facts.

  8. What if.. Instead of applications, businesses used data as the center of their information gathering universe?

  9. Information Rich Data Meta-data Capsule Precision Date Processed Business Fact Business Rule Check Presentation Order Data type Currency Sarbanes-Oxley Audit Indicator Language

  10. Data-Centric Enterprise Reporting Business Reporting Governance & Security Exception Handling KPI’s Sarbanes-Oxley Compliance Monthly reporting Application Integration Layer Bus. Process Monitoring Internal Auditing Data Mining External Auditing Business Data Various formats, Structures, Platforms BAM Budgets SOA Scorecarding Business Rules XML, Web Services, XBRL-GL Forensic Accounting Continuous Audit Business Intelligence Board Audit Committee SEC Reporting Drill Down XBRL Fin. Reporting Real-Time Reporting Desk-top Management

  11. Wacoal, the leader in designer intimate apparel in the United States, Japan, Asia and Europe is internationally known for the best fitting, highest quality bras in the world. After nearly two decades of success in America, Wacoal continues to offer luxurious intimate apparel made from exquisite laces, embroideries, and the finest fabrications, tailored to create the perfect fit.

  12. ■ Revenue: 162.8 billion JPY ($1.4 billion) ■ Subsidiary company: 22Affiliated company: 5 ■ Employees: About 4,600 The company's history of manufacturing, technology, and expertise made the company the perfect choice for Donna Karan. Wacoal is the exclusive licensee for Donna Karan Intimates and DKNY Underwear & Intimates.

  13. EIS AR GL AP IR Purchasing Inventory Workflow Materials Sales HITACHI and XBRL GL: “SPEED” & “COST” WACOAL New Financial System ■Manage all financial information in whole WACOAL group ■ Integrate with many kinds of legacy systems, which run on Mainframe, Minicomputer, UNIX, or PC Servers ■ Oracle E-Business Suite as ERP WACOAL group OracleE-Business Suite Headquarters Business Systems Integrate financial Information Divisions Consolidated Companies ＊「Oracle E-Business Suite」 is trademark of Oracle

  14. ■ Easy integration and maintenance between Legacy systems and Oracle E-Business Suite by using XBRL GL as standardized interface ■ Translate many kinds of document data from many kinds of legacy systems, which run on Mainframe, UNIX, or PC Servers, to Financial data ■ 2 Layer structure, which consist of XBRL GL Conversion Engine and Add-on business logic, make logic addition and/or modification easy Purchasing Wages Sales AR GL AP XBRL GL Documents XBRL GL Financial Information XBRL GL Auto Journalizing System Oracle E-Business Suite XBRL GL Auto Journalizing Business Systems Add-ons Journalizing XBRL GL Conversion Engine

  15. Additional Applications: Insert Pilot program details here

  16. Summary Companies are moving to SOA, treating data as the center of systems architecture XBRL-GL is well suited for handling internal financial data in a Web Services/SOA environment

  17. XBRL GL: International Data Representations

  18. Thank You! Gracias! Neal Hannon, CMA U of Hartford Hannon@hartford.edu

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