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11/2/2003 Diane MuellerSr. Program Manager, XML Content Solutions
XBRL/Seattle Internal Reporting Session
Streamlining Financial Reporting &
Audit Analytics with XBRL
11/2/2003 Diane MuellerSr. Program Manager, XML Content Solutions
Agenda
• XML @ Corel – Introduction to XMetaL Platform
• Internal Reporting Today
• Fundamentals of Re-Use
• XBRL as Metadata – Empowers content creation and re-use– Enables content analysis
11/2/2003 Diane MuellerSr. Program Manager, XML Content Solutions
XMetaL’s History of XML Innovation
3
11/2/2003 Diane MuellerSr. Program Manager, XML Content Solutions
XMetaL Products
Corel Financial Report Console (free 30 day trial version available)
– Based on XMetaL Author 4.0 and XBRL Integration Pack for XMetaL– Native XBRL Authoring for any level of user– Full Instance Document Creation support– Allows for complex Template Development and Deployment– Seamlessly integrates with your existing Content Management Systems and XML-aware
databases– Infinitely Customizable to meet the needs of all levels of users within your organization!
Corel Financial Statement Navigator (web-based)
– Based on XMetaL for ActiveX and XBRL Integration Pack for XMetaL 4.0– Native XBRL Authoring for any user– Allows for web-based data-entry via templates – Allows for web-based editing, review, and analysis of XBRL instances– Small footprint, easy to deploy and manage– Can be delivered as a hosted solution; infinitely customizable– Can be private-label branded– Can be embedded in a browser or any Windows application
11/2/2003 Diane MuellerSr. Program Manager, XML Content Solutions
Corel’s strong Client base in Financial Services
11/2/2003 Diane MuellerSr. Program Manager, XML Content Solutions
Visual Intelligence Products for Financial Reporting and Analysis
11/2/2003 Diane MuellerSr. Program Manager, XML Content Solutions
XMetaL XBRL Work Flow
11/2/2003 Diane MuellerSr. Program Manager, XML Content Solutions
Internal Financial Reporting Today
Everyday…• Businesses generate
thousands of internal reports, creating mountains of paper and e-content,
• These mountains of data are then endlessly mined and analyzed by a wide variety of tools, people and computerized systems.
• And it is based on this information pool that business decisions are made.
Mountains of Information
11/2/2003 Diane MuellerSr. Program Manager, XML Content Solutions
Internal Financial Reporting Today
• Most organizations already reuse financial content on a daily basis
• Internal Reports are generated by acct system’s reporting engines
• Copy and paste it into spread sheets and documents
• Distributed via email with explanatory notes
• And sent to decision makers on a daily basis
• This works well until the finanical content - and everywhere it appears - has to be updated….
Mountains of Information
11/2/2003 Diane MuellerSr. Program Manager, XML Content Solutions
Proprietary Data Format, Departmental Boundaries
• This content is the life blood of an organization – getting accurate, timely content out to the right people at the right time is critical to an organization’s success.
• Internal financial reporting– Financial performance
of Divisions, Subsidiaries, Joint Ventures – determines ability to react
Cause Silos of Information occur..
11/2/2003 Diane MuellerSr. Program Manager, XML Content Solutions
Financial Reporting
Accounting System(accumulates both financial and(accumulates both financial and
managerial accounting data)managerial accounting data)
Information for decisionInformation for decisionmaking and controlmaking and controlof an organization’sof an organization’s
operations.operations.
Published financialPublished financialstatements and otherstatements and other
financial reports.financial reports.
InternalUsers External
Users
11/2/2003 Diane MuellerSr. Program Manager, XML Content Solutions
CreateConvert
Cost:$$
Cost:Lost Content
Cost: Time
x Updates
x Versions
A Growing Problem
Organizations have exploding amounts of ever-changing financial content that must be delivered to different audiences in different forms
11/2/2003 Diane MuellerSr. Program Manager, XML Content Solutions
Decrease time-to-marketwith automatedconversion and delivery!
Save money byautomating contentassembly!
Increase quality byallowing content expertsto focus on content!
XML is a flexible, non-proprietary format socontent is ready for anyfuture use!
That can beEfficiently andAccuratelyUpdated
InAutomatically-assembledVersions
Reduce the Cost and Time
of Providing up-to-date, personalized content to multiple channels
11/2/2003 Diane MuellerSr. Program Manager, XML Content Solutions
Fundamentals of XML Re-Use
Reuse is not a new concept• Many industries have
been using XML to enable reuse:– Improve quality – Increased consistency– Reduced development
and maintenance costs– Rapid reconfiguration– Translation
Re-New, Re-Use, Re-Cycle
11/2/2003 Diane MuellerSr. Program Manager, XML Content Solutions
Systematic Re-Use of Financial Data
Structured Content
• Allows Data reuse, comparability, aggregation
• Enables transparent reporting
• Allows for the use existing content components to develop new “documents.”
• Allows for planned reuse where content is automatically inserted
from Managing Enterprise Content
(Publisher: New Riders Publishing; ISBN: 0735713065)
11/2/2003 Diane MuellerSr. Program Manager, XML Content Solutions
XBRL Metadata
…enables Re-Use and Analysis…hence Audit Tests..
XBRL- ApplicationsXBRL- Applications
Defines the technical standard for the composition of XBRL Taxonomies
Defines a set of data tags in a certain business reporting area (i.e. US GAAP, IAS)
“Output” from tagging data using one or more taxonomies
Software that uses “tagged” data for presentation, analytics, etc.
XBRL-SpecificationXBRL-Specification
XBRL- InstanceXBRL- Instance
XBRL- TaxonomyXBRL- Taxonomy
11/2/2003 Diane MuellerSr. Program Manager, XML Content Solutions
• Support for Any XBRL Taxonomy – Specification 2.0 and up
• Native XBRL Word Processing– Client end users never has to see underlying XBRL – Editing and Composition of XBRL-tagged Financial Statements– Industry-leading word-processing interface for XML– Support for Numeric and Prose editing of XBRL documents
• Template Building– One-Click Creation Data Entry templates for XBRL instance creation from
any taxonomy• Full Instance Document Creation
– Using presentation & label linkbases– Publishing to Html, PDF and other XML standards such as NewsML, RixML
• Analysis/Assurance – Leveraging Calculation and Formula Linkbases– Formula and Audit Test Building– Built-in Scripting capabilities
• Integration with Web-based Interactive Graphics– Deliver powerful web-based Scalable Vector Graphics – Tied directly to XBRL data in drill-down interactive graphics
XMetaL Functionality
17
11/2/2003 Diane MuellerSr. Program Manager, XML Content Solutions
Demo Time – Reuse and Audit Tests
• Leveraging – Financial Report Console– Linkbase Technology– Web-base Graphics– XBRL Integration Pack
• To create new documents that can be reused• To consume existing documents • To review and examine XBRL content
11/2/2003 Diane MuellerSr. Program Manager, XML Content Solutions
The XMetaL Platform for XBRL delivers a new set of tools designed to simplify the implementation of XML applications
across the Financial Reporting Supply Chain
– enables anyone to create valid XML content, and streamlines the process of distributing information to the Web, print and other media.
– enables organizations to rapidly build and deploy XML applications that enable anyone to create valid XML content and streamlines the process of rendering and distributing information to the Web, print and other media.
– provides the only rich XML editing and instance creation solutions that support dynamic validation for both W3C Schemas and DTDs.
XMetaL product Re-Cap
191-27-03
