XBRL Data: Real Life SolutionsReal Time Analysis and Insights Using eXtensible Business Reporting Language “XBRL” Greg Adams, CFO & COO EDGAR Online, Inc.
Corporate Pressures Corporations are under increased pressure to meet market expectations, comply with regulators, and deliver shareholder value Regulatory (SOX) Data Collection Competitive Intelligence Financial Transparency Data Overload Corporate Governance Timeliness of Reporting
XBRL - Meeting the Challenge XBRL and I-Metrix empowers Corporate Executives to meet the challenges of today's complexbusiness environment
Capitalizing on XBRL through I·Metrix • The new I·Metrix family of products provides XBRL data and solutions today. • I·Metrix provides users with the most timely fundamental and supplementary data, analytical templates and toolsets at a reasonable price point. Live Demonstration
Faster & Smarter Benchmarking CFO Office Data Gathering Internal Audit Risk Avoidance Strategic Planning Competitive Intelligence Corp Development Market Understanding Sales & Marketing Business Reporting Investor Relations Anomaly Detection Audit Committee Delivering ROI I·Metrix delivers ROI throughout your organization XBRL = Better Decision Making
Summary : Benefits of XBRL forCorporations • Lower cost of producing information • Better tools for faster decision making • More timely accurate data • XBRL provides an immediate ROI for benchmarking • Have a critical responsibility to communicate operational results to stakeholders • Expanded communication “reach” • Tell your own story to stakeholders (precise & clear) • Better control environment – extension of SOX 404 • Utilized during risk assessment and planning phase • Facilitate the comparability and granularity of financial disclosure – comp analysis • Accelerated adoption of reporting model changes
Next Steps • Stay Informed • Go http://www.xbrl.org for ongoing coverage of XBRL • Download a whitepaper, XBRL: The Changing World of Financial Reporting, at http://www.edgar-online.com/contact/feiwebcast.aspx to learn more • XBRL is Available Today • For more information on I-Metrix email EDGAR Onlineimetrixsupport@edgar-online.com or go to http://i-metrix.edgar-online.com/ • Take Action • Put your core financials into XBRL • Provide your Audit Committee with XBRL enabled Dashboards