XBRL Reporting

XBRL and inline-XBRL (iXBRL) reporting is fast becoming a requirement across the world. For medium to large size organizations its critical to use effective technology to make the process of mapping statutory financials to external authorities’ filing requirements as simple as possible.

Column5 recommends UBMatrix XBRL software. It is a leading product and is competitively priced. It is a simple to use application that integrates with BPC so that you can directly link the consolidated numbers through to your XBRL filing document in MS Excel.

UBMatrix XBRL softare significantly reduces the effort of reconciling numbers and the change during the accounts finalization process. By purchasing both BPC and the XBRL add-on, you benefit from a full end-to-end reporting process, from loading your numbers from your general ledger to execution of the last mile of finance: filing with your local authorities.

It is important to consider the maintenance effort as external tax and filing authorities will evolve XBRL requirements over time. UBMatrix XBRL software makes this as painless as possible. Once your accounts are mapped, the year-on-year work is vastly reduced. UBMatrix XBRL software is rich in capability and very easy to use.

In our view the XBRL set up and mapping exercise can easily be taken on in-house. Column5's fast start program includes 5 days of on site training and workshops and includes the mapping of at least the first set of financial statements.

Column5 can offer you a unique blend of skills as our XBRL consultants are experienced consolidation accountants and are well versed in both BPC and XBRL applications. Please see our Services section for more information.