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Improve Financial Analysis and Reporting Using XBRL and the Microsoft Office System

Improving Financial Analysis and Reporting Using XBRL and the Microsoft Office System

The creation, analysis, and verification of financial reports is time-consuming and error-prone. Data must be manually re-entered or copied and pasted. Extensible Business Reporting Language (XBRL) alleviates much of this pain by attaching "bar codes" to individual pieces of data within documents and spreadsheets so this information can be automatically pulled into reports and analyzed.


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Featured Partner Solutions

These featured partners have solutions based on the Microsoft Office System that are deployed at customer locations. Case studies of their solutions are available through the Solution Showcase.

EDGAR Online: I-Metrix
I-Metrix can increase return on investment (ROI) by decreasing the time and money spent collecting and formatting financial data for users who analyze corporate financial performance. With I-Metrix, users can pull XBRL financial data through a data wizard or standard Microsoft Office Excel 2003 function calls directly into templates or their own models. The solution delivers full XBRL financial data into an Excel 2003 spreadsheet through a Web service and financial database.
Rivet Software: Dragon Tag
Rivet Software’s Dragon Tag XBRL enabler is the first easy-to-use and affordable Microsoft Office add-in that simplifies converting existing Microsoft Word and Excel financial data into XBRL format. Dragon Tag supports XBRL 2.1 and shields users from all the technical complexity associated with XBRL. Dragon Tag offers robust XBRL extension taxonomy functionality (for specialized corporate reporting needs) and mark-up validation, ensuring XBRL documents are created quickly and correctly.

Showcased Partner Solutions

Satyam Computer Services Ltd.: Financial Analysis and Synchronization with Office 2007

Satyam Computer Services is a Microsoft Gold Certified Partner. 

Satyam's Banking & Financial Services solutions enables financial organizations, to fulfill customer demands while keeping costs in line.

Satyam- Microsoft Alliance along Satyam Technology Architecture Group (TAG) and Satyam's .NET COE Team have prototyped a solution for financial analysts that takes the advantage of MS Office 2007 suite of products.

 

Financial Analysts spend too much of their time in manually collating and synchronizing required information from different sources which usually leads to lot of manual work and duplication of work files. As a solution it is required to provide a single tool or a collaborative set of tools that can easily fetch data from different financial web services, performs comprehensive analysis and also write back analysis reports to the LOB Data stores

ONLINEGROUP CA CORP: Stakeholder Cost Reporting (SCR)

SCR (Stakeholder Cost Reporting) is a powerful reporting system that compares budget costs, daily estimated costs, committed purchase order costs and actual costs, for 100's of concurrently active projects.

 

SCR benefits include: 

  • Executive dashboard view of project costs transparently shared with selected stakeholders such as project team stakeholders, clients, joint venture partners etc...
  • Integration with head office systems by effortlessly sharing cost information as required by the host Accounting System, Microsoft Project, or any other host application.
  • Business process via Windows SharePoint Services.
  • Digital Document Management strategies via SharePoint and InfoPath.
  • Data accessible Excel users to support business intelligence analysis.
Xexco Ltd: KNURU

XEXCO’s KNURU suite of online research tool for Microsoft Office 2003 and 2007 presents USERS with a unique, free “natural language research” methodology which sets knuru apart from an overcrowded marketplace by allowing searchers to submit queries in everyday conversational phrases, the result being dynamically extracted from relevant business information.

Find Other Partners

Search for partners in the Microsoft Resource Directory, your one-stop Web site for finding technology partners who offer a broad range of products, services, and solutions based on Microsoft technologies. The directory includes packaged software, solutions offerings, and training from Microsoft Gold Certified Partners, Certified Partners, and Registered Members.


If you have a solution based on the Microsoft Office System, learn more about opportunities to showcase your solution with Microsoft.

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