Extensible Business Reporting Language

Microsoft Dynamics-NavisionXBRL

Microsoft Dynamics–Navision ® XBRL enables the effective distribution of financial information via the Internet.

Key Benefits:

Provides technical independence – XBRL makes the distribution of financial information simpler and more dependable.

Use a single source – XBRL optimizes the preparation of financial information in various formats.

Leverages the power of the Internet.

Extensible Business Reporting Language (XBRL) is an XML-based specification that uses accepted financial reporting standards and practices to export financial reports across all software and technologies, including the Internet. XBRL allows your company to make better-informed decisions and to leverage the capabilities of the Internet to facilitate the exchange of financial information.

Simple and Reliable Distribution of Financial Information

For nearly all businesses, there are numerous demands imposed by regulators for financial information. There is also a myriad of other possible destinations for your financial information—amongst them, credit institutions, banks, investors, and analysts—but how are you going to send this data?

Microsoft Dynamics-Navision XBRL enables simple and dependable distribution of all your financial information and ensures smooth and accurate data transfer. Should you need to submit your figures for approval of a loan or for a credit check, you can simply export the required data using XBRL with its underlying XML-based tags, to the credit institution/ bank, and the receiving system will import your information automatically. There is no need for the manual reentering of data and thus the associated risk of making mistakes when reentering data is totally eliminated.

XBRL can also take the hard work out of your tax returns and other regulatory and industry reporting requirements. As long as you have a template from the relevant authority, your financial data can be easily mapped into the required format and swiftly e-mailed off to its destination. In larger enterprises, XBRL can also be used for consolidation purposes, where some of the business units run Microsoft Business Solutions– Navision. The automation of these processes ensures accurate reproduction of your financial information, reducing the scope for errors and streamlining your financial reporting supply chain.

Optimizes the Preparation of Financial Information in Multiple Formats

Have you ever thought how much time is wasted reentering and reformatting your data for financial reporting purposes? Preparing financial statements for printing, for a website, and for filing means that a company could typically enter the same or similar information three or more times. With XBRL, information will be entered only once and the same information can then easily be produced as a printed financial statement, an HTML document for a website, a raw XML file, or in a specialized reporting format. You can use the XBRL technology to increase operational efficiency by automating these routine tasks. The automation of routine processes lowers your administrative costs. It also frees your staff from the monotony of repetitive work, enabling them to focus on strategic objectives and tasks that add real value to your business and to their working day.

Leverage the Power of the Internet

With XBRL, presenting your financial information on the Web becomes a natural step in your financial information supply chain. The ease with which your information can be published in Web format will enable an increase in your Web offerings. This will increase your company’s visibility. It will also be particularly useful for investor-dependent companies or for companies with significant investor relations. The ability provided by XBRL to publish information on the Web can provide an advantage, particularly to newer businesses. These businesses will find it easier to make their figures visible (for example, via the Internet) and be more proactive in nurturing investor attention because it will be so easy for analysts not only to view but also to receive information. You will be able to put yourself much more easily on the radars of potential investors.