XBRL Capabilities

Integrated XBRL keeps you in control

WebFilings’ XBRL solution is designed from the ground up for accountants. It gives back control of the entire XBRL process to the financial reporting team. Using a familiar word processor/spreadsheet environment, the XBRL workflow, from tagging through filing, is accomplished within WebFilings’ “one active document” view. The "one active document" is based on a “single document datamodel” architecture that ensures that the XBRL instance documents and EDGAR reports will always be synched and reflect the same data.

With WebFilings, the reporting team stays in control of the entire SEC filing process — including producing compliant XBRL exhibits. WebFilings offers the only integrated, close-through-SEC-acceptance solution on the market today.

Familiar form, extraordinary function

  • Integrated XBRL tagging functions that you can use. WebFilings’ XBRL toolset was developed by accountants and veteran SEC reporting professionals, and designed specifically for use by the reporting team. We put the complexity of XBRL behind the scenes, allowing you to focus on making the proper accounting selections. When you need to select a tag, the WebFilings search engine goes through the entire XBRL taxonomy to generate a list of the best possible tag choices and gives you immediate visibility on the accounting implications of each choice.
  • Fully integrated solution in a familiar environment. WebFilings makes XBRL accessible to accountants through a comfortable, familiar visual environment...the same spreadsheets and tables used for creating the standard SEC reports. This integrated approach lets SEC reporting teams concentrate on getting the accounting matched up properly with the XBRL.

Stay in complete control of the XBRL tagging process

  • 100% of the process stays in house...with you in control. Using WebFilings to create your XBRL exhibits, third parties will never see your financial data. You remain in control of confidential information throughout the entire close-to-SEC-acceptance process.
  • Grant users permissions for XBRL. WebFilings offers XBRL permissions that allow you to increase your efficiency and control by selecting which individual users can tag XBRL in your document.
  • Direct and continuous validation of your XBRL choices. The WebFilings application instantly and automatically checks the entire document after every change or addition. Visual indicators provide you with immediate feedback when there are errors and help guide you in making the necessary corrections as you work your way through the tagging process. With WebFilings, you are never more than one step away from perfect XBRL.
  • Changes are automatically reflected in all appropriate documents. If you need to make a last-minute change, our integrated application will keep your text document, your EDGAR HTML and your XBRL instance document in perfect sync. The unified SEC document drafting, tagging and EDGAR conversion environment enables you to make seamless changes to values, text and tags right up to filing time.

Accuracy above all

  • XBRL and EDGAR perfectly aligned. The SEC requires that XBRL exhibits must be an exact mirror of the EDGAR report. With WebFilings’ integrated environment, your XBRL and EDGAR filings always remain aligned and in sync as required to submit compliant reports to the SEC.
  • Want to visually review your file before submission? WebFilings offers an XBRL/EDGAR previewer that allows you to visualize your XBRL and EDGAR filings in a new, unique way.
  • Management’s accounting intent accurately reflected in the XBRL. WebFilings' intuitive, search-based, visual interface enables you to quickly find the most accounting accurate tags, ensuring that your XBRL correctly represents management's accounting intent. We give you the visibility and the ability to react to the accounting behind the XBRL tag.

WebFilings’ secure, web-based software enables SEC reporting teams to comply with the XBRL mandate in-house by seamlessly integrating the entire XBRL tagging and filing process into the overall, familiar SEC report generation process.

This breakthrough tool puts familiar, but sophisticated XBRL functionality in the hands of the reporting team, enabling you to produce fully-compliant XBRL, while ensuring that the accounting intent of your standard SEC reports is reflected in your XBRL exhibits.

 
 

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