Sunnyvale, CA - Fujitsu America, Inc., announced that it is providing technical services to the U.S. Securities and Exchange Commission (SEC) to create and support an Inline XBRL eXtensible Business Reporting Language® (XBRL®) software solution. The resulting prototype is intended to enhance the ability of users and application programmers to use XBRL embedded into HTML documents based on XBRL International’s Inline XBRL Specification. For this important project, Fujitsu has teamed with Trintech Inc., a Fujitsu partner and leading provider of financial governance software across the entire record-to-report cycle for finance organizations, to create the functional and user experience requirements.
“We are very excited to be working for the SEC to build the software solution focused on Inline XBRL,” said Scott Harrison, vice president of Software Business, Fujitsu America, Inc. “We hope this effort demonstrates the ability of Inline XBRL to help reduce the complexity typically associated with XBRL review and analysis activities.”
The Inline XBRL software solution involves both technical validation and a client-side cross browser extension (CBE). The Inline XBRL Specification allows preparers to create a single document containing both the XBRL and HTML data formats. The technical validation will ensure Inline XBRL documents are compliant with the Inline XBRL 1.1 Specification while the CBE will allow preparers, analysts and investors to interact with the XBRL data while masking all the underlying technical complexities.
“We applaud the SEC for undertaking this project, and welcome the opportunity to work closely with Fujitsu to design and deliver the prototype,” said Rob Blake, senior product director for Trintech. “Our goal is to make it easy to highlight, search and review tagged information from within the friendly confines of an Internet browser.”
Fujitsu has been an active member of the global XBRL community since the inception of the XBRL Consortium in Japan in 2000. Fujitsu continues to invest in the development of the XBRL specifications, innovative offerings, and facilitating the adoption of the standard across the financial reporting ecosystem worldwide. The outcome of these pioneering efforts is Interstage® XWand® — the centerpiece of the Fujitsu Interstage platform and the world’s most comprehensive and complete software for all stages of XBRL implementations. Interstage XWand is used by regulators, auditors, filers, analysts, and enterprises in 35 countries around the world.
Trintech is the leading provider of financial software solutions for the Record-to-Report process. Over 800 clients in 100 countries – including half of the Fortune 50 and the FTSE 100 – rely on our solutions to optimize resources, reduce costs, manage risk and monitor activities across the entire finance organization worldwide. Trintech’s Cloud-based Cadency® software manages all aspects of the financial close – including automating and managing balance sheet reconciliation, journal entries, governance, risk and compliance, and financial reporting. ReconNET™ streamlines daily operational reconciliations such as bank and credit card transactions. Trintech has offices located across the US, UK, Australia, France, Ireland, the Netherlands and the Nordics, with partners in South Africa, Latin America and across the Asia Pacific region. www.trintech.com.
Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 162,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.8 trillion yen (US$46 billion) for the fiscal year ended March 31, 2014. For more information, please see www.fujitsu.com.
About Fujitsu America, Inc.
Fujitsu America, Inc. is a leading ICT solutions provider for organizations in the U.S., Canada and the Caribbean. Fujitsu enables clients to meet their business objectives through integrated offerings and solutions, including consulting, systems integration, managed services, outsourcing and cloud services for infrastructure, platforms and applications; data center and field services; and server, storage, software and mobile/tablet technologies.
Fujitsu, the Fujitsu logo, Interstage, XWand and “shaping tomorrow with you” are trademarks or registered trademarks of Fujitsu Limited in the United States and other countries. XBRL and XBRL eXtensible Business Reporting Language are trademarks or registered trademarks of XBRL International, inc. in the United States and other countries. All other trademarks and product names are the property of their respective owners.
The statements provided herein are for informational purposes only and may be amended or altered by Fujitsu America, Inc. without notice or liability. Product description data represents Fujitsu design objectives and is provided for comparative purposes; actual results may vary based on a variety of factors. Specifications are subject to change without notice.