IBM Cognos FSR offers one of the most advanced XBRL solutions on the market today. By integrating XBRL into the external reporting process, IBM Cognos FSR makes the tagging, validation and creation of XBRL documents dramatically more efficient and less error prone.
Seamless Integration to Source Data
Cognos FSR provides an easy-to-use method to pull data from a variety of data sources including:
- Leading ERP systems
- Leading financial consolidation applications
- Relational databases
- OLAP databases
Every number in the final report links directly back to a single data source ensuring that there are no conflicting numbers anywhere in the report.
Tag Once Technology
Tag the data with XBRL tags just once with Cognos FSR and future reporting periods automatically pick up the same tags. There is no need to re-tag the document as data changes within the same reporting period because the updated data automatically flows into the XBRL document. And, there is no need to re-tag the document for future reporting periods, because the tags are automatically retained for future reporting periods.
Web-based Data Collection Flowing Directly into XBRL
Web-based data collection provides the ability to collect statistical and operational data, with this information automatically flowing into the XBRL document.
IBM Business Analytics’ Business Rules automatically ensure that all data in your documents tie out. Users can create any number of business rules to verify that summary numbers tie out to the detailed notes or to ensure that data is consistently presented across the document.
Variables in Text
Cognos FSR lets you place variables in text – to ensure that data in your financial statements tie out to the values that are embedded within paragraphs of text. If the data in your financial statements changes, then the values in your paragraphs of text also change – automatically.
Tag Text and Data
Cognos FSR users can easily tag financial data and commentary once and have it automatically flow to future reports.
Support for the Latest Taxonomies
Cognos FSR supports the latest XBRL taxonomies. Users can also extend the standard taxonomies with company-specific tags using the Taxonomy Designer.
Built-in XBRL Viewer
Cognos FSR users can easily view the final XBRL report using the built-in XBRL viewer.
.: Read more about IBM Financial Performance Management Software