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Dutch Standard Business Reporting


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Vortrag von Paul Snijders am XBRL CH Tag vom 9.9.11

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Dutch Standard Business Reporting

  1. 1. SBR, the Dutch modelBernSeptember 9, 2011Paul SnijdersCo Chair XBRL NetherlandsCEO Semansys Techologies
  2. 2. One common goalTo enhanceNetherlands Corporation.By:creating a single reportinginfrastructure for easier filingprocesses and thus loweringreporting effort and costs for allcompanies and reduce theadministrative burden!
  3. 3. The landscape  Government and business in the 21 st century: a set of complex relationships:  The “business of government” is a complex thing  The “business of business” is a complex thing  The “business” of government and business interacting is even more complex  More and more regulation is implemented to keep track of everything  The only way forward is reducing this complexity by standardization of filing processes:3 Standard Business Reporting Programme A Netherlands government initiative
  4. 4. Standard Business Reportingis ALL about standardization Data ProcessRe-use of ... Technology 4
  5. 5. The basics of Standard Business Reporting The basic process of SBR is standardization of: Data:  XBRL-Taxonomies Processes:  Standardized filing processes through which agencies Technology and technics:  A standardized generic system2system communication  Intelligence to recognize messages and understand the processes of which they are part5 Standard Business Reporting Programme A Netherlands governement intitiative
  6. 6. SBR-NL History  From development to implementation  Government goes for mandate (may 2011)  Delivery of all major tools:  NL-Taxonomy framework  Transaction port (Digipoort)  Initiation of Netherlands Taxonomy Project  Get consensus of all parties, (Ministries, Government bodies, Accountants, Software industry, Businesses)  Design taxonomy Architecture NT (Netherlands Taxonomy)  Development and design for a Generic Infrastructure  First experience with the potential of XBRL:  First European projects executed for waterboards, municipalities and Provinces  Government priority to reduce administrative burden for business:  The “fuss” of complying to government regulations6 Standard Business Reporting Programme A Netherlands government initiative
  7. 7. Why a SBR program? SBR means is multi industry, multi purpose, shared benefits for all:  Business to government  Currently: Tax office, Chamber of Commerce and Central Bureau of Statistics  Expected: innovation subsidies, government procurement  Business to business  Currently: Credit reporting to banks  Future: insurance, pension funds  Government to Government:  Expected: reporting of schools to the Ministry of Education, health care and others In short: create an administrative infrastructure which allows for easier filing processes, to less costs, thus lowering the overall level of transaction costs7 Standard Business Reporting Programme A Netherlands government initiative
  8. 8. SBR-NL Program Challenges  The SBR-NL Program task was seeking co-operation:  in a competitive market  on issues that have deep impact for business- and government processes  were not understood by many  The challenges for SBR-NL Program:  Understanding and prioritizing the issues to be resolved for implementation  Finding the best solution to the various issues  Seeking the buy-in of organizations involved  Getting the market to actually start using XBRL8 Standard Business Reporting Programme A Netherlands government initiative
  9. 9. SBR-NL in action  The SBR Council:  High level representatives of business and government  Strategic decision making  The SBR Platform:  Representatives of business community and government  Hands-on experience (“feet in the mud”)  Constantly generating issues that may block the uptake of SBR  The SBR Expertgroups:  Expertgroups for Data/Taxonomy, Processes, Marketing&Communication  Bringing together all available expertise in the Netherlands (and from outside, if needed)  Finding solution for the issues  The SBR Program team:  Supporting the various groups with expertise  Pursueing the actions, stated in the Implementation plan  Seeking the policy-guidance from the Ministry of Economic Affairs, Agriculture & Innovation9 Standard Business Reporting Programme A Netherlands government initiative
  10. 10. Process improvementEfficiencyLess burden Government Shared vision Business Common Goal Accountants Software Better servicesEnhancedproducts 10
  11. 11. What’s up for later?  In the late 19th century the provision of electricity to homes and business was an issue; now we simply tap it from the wall-plug  Now SBR is a difficult thing to master: in ten years time hardly anybody will notice that his software is XBRL- enabled; filing reports is a non-issue by then11 Standard Business Reporting Programme A Netherlands government initiative
  12. 12. The corecomponent of SBR XBRL Taxonomy
  13. 13. “The taxonomy is like a tree” revenue leaves: elements profit costs Tax Filing statistics financialbranch: reportingdomain or specific elements trunk: common or shared elements13
  14. 14. `Do we need one standard; Clean up of current14 Standard Business Reporting Programme A Netherlands government initiative
  15. 15. Merge separate taxonomies into one15
  16. 16. Merge separate taxonomies into one Generic Elements Netherlands (Gen Base)16
  17. 17. Standardization of data: multi domain and cross agency taxonomy XBRL Authority Z report Company Authority Y Company Company Authority X request Company Systems Systems Generic Elements Netherlands (Gen Base)17
  18. 18. XBRL: 3 levels of standardizationtaxonomy Contentarchitecture Taxonomy Architecture Structure Dimensions Formulas Inline XBRLspecification XBRL Spec2.1a Standard 18
  19. 19. XBRL taxonomy architecture  Because the XBRL spec. 2.1 is flexible you have many solutions for one problem  multi domain  multi agency  XBRL projects have different goals.  Taxonomy design should be based on our project goals.  glue the taxonomy pieces together  ‘plug and play’ new extensions (‘branches’)19
  20. 20. A taxonomy is never static Key processes • Adding new domains • Normalization • Harmonization Little re-use Re-use20
  21. 21. SBR XBRL taxonomy building principles: hierarchy  The taxonomy is the representation of legisation and rules  Always choose to reduce the regulatory- and reporting burden for businesses  facilitate mapping  facilitate instance creation  Design (and modularize) the taxonomy to support use and re- use of elements and components (‘branch vs. new tree’)  Architecture facilitates taxonomy maintenance with coherence and consistency  Comply with established international ‘best practices’21  ...
  22. 22. Netherlands XBRL taxonomy architecture reports domain specific national international22 22
  23. 23. Statistics Financial VAT filing Statement filing Reports Elements Legislation & Rules Definitions European legislation Financial Reporting Tax legislation GAAP23
  24. 24. Building taxonomies? standardization first !24
  25. 25. Wrap up ...• Government and regulators have the to innovate (too)• Harmonization and normalisation are key data processes. - They doesn’t just happen, they need to be organized• The taxonomy is not about evolution, it’s intelligent design. - The XBRL taxonomy reflects our legislation and rules but it’s design is based on our project goals25
  26. 26. “You get the taxonomy you deserve”
  27. 27. Standard Business Reporting Programme A Netherlands government initiative Paul Snijders Paul.snijders@xbrl-nederland.nl27
  28. 28. 28
  29. 29. Taxonomy29