Real World XBRL

Snappy Reports, the leader in XBRL reporting is a powerful enterprise server solution designed for high throughput applications for financial, government, and other information organizations as well as business professionals. Snappy Report’s adaptable software for monitoring and business reporting provides both solutions for specific reporting requirements and the tools to meet any XBRL based compliance requirement.

Business management and reporting has changed to fit today’s modern standards with electronic business reporting processes using XBRL. Snappy Reports software was developed to help organizations take on the future of business reporting with confidence.

Organizations have turned to the Internet to simplify the increased economic, market and regulatory pressures requesting companies to publish information to a multitude of internal and external users with greater detail and in a variety of formats. Snappy Reports XBRL solution offers organization a faster, cheaper and overall better solution to business reporting.

However involved and complex your company’s data structure is, Snappy Reports can easily be tailored to meet your enterprise’s specific needs in order to turn frequent complex tasks into a push-button operation. Snappy Report’s powerful software offers you accurate, timely and cost efficient answers to advances in business reports.

Advances in Business Reporting

Organizations are looking for a fast, exact and affordable business reporting solution that meets international market and Securities and Exchange Commission standards. The SEC is making progressive strides to encourage companies to move to XBRL reporting standards. Many countries financial focused companies have already adopted the XBRL standard and several U.S. companies have volunteered to be front runners in the new technology of business reporting. The usage of XBRL isn’t accelerating just because companies are wanting to be the first to show progress, its because of the regulatory requirements as well as increased efficiency of their organization making it a win-win transformation. The FDIC has adopted XBRL as its standard for all of it’s 8,600 member banks. The European Union Central Banks in Basel II have used XBRL as their standard since the beginning of 2007. The XBRL International Consortium already has membership of more than 450 companies and organizations world wide including General Electric, Hitachi, Microsoft, Reuters Group and Fujitsu.

How Snappy Reports uses XBRL to improve your company

XBRL is a language for the electronic communication of business and financial data quickly becoming a global standard for modernizing business reporting world wide. Because business reports and information come in an array of formats and different languages, there was a need to make information usable for business analysis and business reporting for both humans and computers using a common language. The new standard of XBRL for sharing business data is made easier, faster and cheaper with the help of Snappy Reports.

Previously unstructured data sent through the internet in multiple forms with multiple languages created inefficiencies, inaccuracies and loss of transparency. Now, the adoption of this open reporting language is a superior tool for the preparation, analysis and exchange of business information and is quickly becoming the standard for business reporting around the globe.

We created an interactive business application that leverages new global reporting standards such as XBRL and allows your business to compete in today’s demanding market. Where business intelligence solutions previously required huge design and implementation effort, our technology provides practical solutions.

XBRL extends and improves on XML, the language on which the Internet is built, for business information exchange and reporting. XBRL adds business semantics, rules and extensibility through data models known as taxonomies. Taxonomies exist today for a wide range of business applications including U.S. GAAP, IFRS and the Basel II Accord.

With Snappy Reports software automatically imports incoming data as it arrives whether the data is from instance documents, Excel spreadsheets, HTML or data from an accounting or financial system. Because our Snappy Server is adaptable and scalable, you can run multiple instances at the same time to achieve maximum performance and reduce costs.