SemansysNext Automated Application
What does it do?
Simply load your digital business report to automatically validate using uniformation or other desired validation(s) and then render into consistent presentation or any other desired output including inline-XBRL.
This is where SemansysNext, a product of Semansys, brings users the functionality to validate and render digital business reports in an easy and automatic way without the need of any technical expertise. The process looks like the following.
Simply load the XBRL file, have it automatically validated and then have the option to view the generated validation reports. Finally have the report exported into human readable formats such as inline-XBRL, CSV and PDF.
Governments and regulators are increasingly standardizing digital business reporting processes using XBRL as technology specifications. This creates an efficient and transparent system and enables higher quality in the business reporting process. Within this reporting chain entrepreneurs, financial experts and accountants will have to work with Digital Business Reports formatted in a way not very user-friendly to read or to understand. This is due to XBRL being a machine readable language that uses XML as a formatting language. XBRL is a technical technology which requires its own audit and control processes.
SemansysNext will process a financial statement in XBRL format and will automatically perform actions and provide the human readable output. SemansysNext helps you quickly and easy use and understand the what is reported within XBRL reports. It support downloading and sharing the results with you team or to simply downloads the reports in PDF and iXBRL to share them within or outside your organization.
Stay tuned next week for the start of our Month of April series Tax Tuesday beginning with the article ‘How to create tax reports’.
For more information please contact us at info@semansys.com. We would be happy to schedule a demo or provide more detail about any of our capabilities.