XBRL MADE SIMPLETHE ADVANTAGES OF XBRL

November 9, 2018by Jodi0

A DREAMWORLD FOR ACCOUNTANTS

So, imagine a world, where numbers, statistics and transactions are “just what you need” every morning, together with your cup a joe and a warm bagel. Data, data, data every day – maybe even in your dreams. Well, now your dreams just became even sweeter than most.

THE REPORTING PROCESS OF YOUR DREAMS

Right between your company and your relevant authorities, a unique reporting language is build, used and growing extensively (No, I am not referring to any elfish language or the land of Tir Na Nog). Known as XBRL, or eXtensible Business Language, this digital reporting mark-up language improves the general quality of financial data reporting. A way of making your financial reports more quantifiable for any participant in the process.

A HIGH FIVE OF REASONS

Even though the XBRL reporting language is so vast and incomprehensible, that even Lord Elrond couldn’t keep up, it is as simple as one click here at ParsePort. To make it even easier for you, I have chosen to list a few bullet points on the advantages of using our XBRL reporting system:

  • All it takes is one simple click. It sounds like magic, and it sort of is – magic for accountants. Our XBRL solution is one of the easiest on the market, as it only takes a simple click to convert your Excel sheet or Word document into a “ready-to-go” XBRL report. Simple, easy and no aspirin needed.
  • It benefits all stages of business reporting, as it is a highly effective automation tool that saves time, money and headaches for you and your employees.
  • It is also a reliable tool that validates and cleanses all data, making it understandable and readable for all participants in the process. This eliminates all possibilities of mistakes, which could cost your company dearly.
  • You can save money that can be used elsewhere. “Get more for less” – a worn out commercial line that usually doesn’t hold much water today. Well, it actually does in this case. Instead of using company hours on processing data, you can do the same in one click. No time spend, no money wasted – and all data are validated.
  • Our report system even highlights errors, points them out for you, so you save time on studying the entire report.

SEE ALSO: XBRL MADE SIMPLE

Basically, our XBRL reporting system is a way for you and your company to perform at your best, be effective and eliminate any risk of financial errors, and you don’t even have to close your eyes and tap your heels together three times. Wake up to reality and contact us today for new XBRL opportunities for your company. We’re not afraid to reveal some of our magic tricks.

Leave a Reply

Your email address will not be published. Required fields are marked *

https://parseport.com/wp-content/uploads/2018/11/LOGO-SMALL.png
Subscribe

It’s very simple. Join our small “nerdy“ community and become king of the office, with all our great info on XBRL, BI and much more.

ParsePort ApS

We know it sounds a bit geeky – but we are actually one of the leading suppliers of XBRL and BI solutions in the Nordics. We cover everything, whether it´s processing BI data or converting to XBRL, we can do it!

ParsePort

We know it sounds a bit geeky – but we are actually one of the leading suppliers of XBRL and POS solutions in the Nordics. We cover everything, whether it´s converting POS reports or XBRL accounting, we can do it!

Subscribe

It’s very simple. Join our small “nerdy“ community and become king of the office, with all our great info on XBRL, POS and offers.

Copyright by PARSEPORT APS. All rights reserved.