XBRL 2.0

Digital financial reporting that actually works

THE XBRL FILES: STANDARDIZED FINANCIALS IN TWO MINUTES

Recently, a data vendor posted on Linked In that they could deliver standardized financials in 20 minutes from filing with the SEC. That may be impressive to the average investor, but to the professional investment community, 20 minutes is an eternity. With automation, machine learning and natural language processing, standardizing financial data is rapidly becoming friction-less.

XBRLogic is at the leading edge of that movement, having just achieved a 90% success rate for its proprietary standardization process while delivering completely normalized financial results within 2 minutes. That’s not a misprint. Two minutes for standardized, fully classified financial statements, calculated 4th quarter and quarterly cash flows, and key metrics. Using experience gained from automating S&P Capital IQ’s HTML extraction, XBRLogic has developed a 100% automated process using XBRL-based filings.

XBRLogic is continuing to expand its coverage, first to financial institutions, then to IFRS and other international jurisdictions. Parties interested in leveraging this technology via licensing or collaboration should contact XBRLogic.