XBRL (eXtensible Business Reporting Language) is a language for electronic communication of business and financial data which is revolutionising business reporting around the world. It offers major benefits to all those who have to create, transmit, use or analyse such information. XBRL India has developed draft General Purpose Financial Reporting XBRL taxonomy for Commercial and Industrial Companies. eXBace promises to web-enable the business reporting process for preparers, regulators and users. It significantly improves the efficiency and effectiveness of the business reporting processes of an Organization.
eXBace follows the Mantra BETTER and FASTER
Better Accurate, Easy to use, Import and Export facility to almost all formats, Validation, XML Viewer, CIN Verification
Faster No Rekeying, Instant User Access and most efficient reports for faster information retrieval, Auto calculation,
- 1. eXBace is a solution for converting and filing Financial Information of the Company in XBRL Format as per MCA mandate.
- 2. eXBace is a One Stop Complete XBRL Software - On Document editing/Taging, Quick Viewing, Advance Validating and Finally extensible reporting.
- 3. eXBace is an Intelligent Solution that enables automated processing of business information and hence cut out laborious and costly processes of manual re-entry and comparison.
- 4. Improve the overall quality and accuracy of data obtained from companies.
- 5. Reduce potential errors from manual entry through machine transfers of reporting information.
- 6. Increase the speed at which financial decision can be made by analysts, investors, lenders rating agencies etc
- 1. Add and Edit facilities for footnote.
- 2. HTML formatted content for Text Block
- 3. Import Company Details through CIN from MCA.
- 4. Quick Access to Forms through Favorites Panel.agencies etc
- 5. E-mail facility for generated Instance document
- 6. XML Viewer.
- 7. Non-Financial Data import from other company.
eXBace Advantages : -
No need to be XBRL Expert - No Training Required
User-friendly interface: User friendly interface to input latest year annual report information against XBRL tags. The 'On Document' tagging feature allows the user to seamlessly tag facts and text blocks that are scattered across the document.
Tagging of Financial and Non-Financial data: eXBace is powered to create financial data for Current Year and Previous Year with taxonomy in one go and Non-Financial data i.e. Auditor´s Report, Directors Report etc. with ease.
Advanced Validator: eXBace ensures accuracy by using in-built validations at entry level to prevent data entry errors.
Generation of XBRL Instance Document: Generation of XBRL instance Document as per MCA Taxonomy.