This document discusses a case study of how the Nevada Department of Agriculture used XBRL to improve its grants reporting process. Previously, NDOA's grants reporting was labor intensive and time consuming. XBRL helped address this by standardizing data collection and reporting, integrating general ledger data, and automating report generation. This reduced the time to prepare reports from weeks to hours. NDOA aims to expand the XBRL-enabled solution to all its grants and develop real-time web-based reporting going forward. The case study demonstrates how XBRL can streamline grants management and reporting for government agencies.
The document discusses an automated data flow (ADF) solution called CRisMac for collecting and integrating data from various source systems into a centralized data repository for regulatory reporting purposes. It describes the key components and benefits of the CRisMac solution, including automated extraction and transformation of data, data quality checks, generation of various regulatory reports, and a high availability architecture. The solution aims to improve efficiency, data quality, and reduce costs associated with regulatory reporting.
The document discusses a lecture on optimizing data for enterprise performance management (EPM). It covers understanding EPM data challenges, managing master data, and EPM products and solutions like performance applications, scorecards, dashboards, and key performance indicators. The lecture agenda includes an overview of the EPM workspace and applications, as well as challenges around financial consolidation, performance management, and business intelligence.
This document discusses A-SPEC, a Trans-Tasman collaboration program that develops standard data specifications for recording asset information. It focuses on receiving consistent asset data from developers and capital works programs and using GIS technology to visualize and validate the data. Over 10 years, A-SPEC has expanded to include specifications for various asset types and now has participation from over 15 Australian and New Zealand councils and industry partners. It aims to improve asset management practices through data sharing and collaboration across organizations.
This document summarizes new features in versions 3 and 4 of IBM Cognos 8 business intelligence software. Key features discussed include briefing books, self-service alerts, improved data modeling capabilities, express report authoring, new scorecard portlets, system monitoring tools, and enhanced mobile and dashboard capabilities. The software aims to provide more context, relevance, and confidence in business information for informed decision making.
The document discusses implementing a management information system (MIS) using 1Key software to capture data on purchases, sales, expenses, inventory, and other items from Tally and generate consolidated financial reports and schedules. It also describes consultancy services offered in areas like IT, human resources, finance, and outsourcing. Key benefits of MIS are highlighted as providing standardized reports for timely decision making, collecting data from multiple sources, and generating exceptional reports beyond statutory requirements.
The Longview Integration Suite (LVIS) provides data integration between Longview 7 and any data sources. LVIS simplifies and automates the integration process through a graphical interface and pre-built connectors. It extracts and transforms data from hundreds of sources, loads it into Longview, and automates scheduled or triggered integration. LVIS helps customers overcome data integration challenges and provides benefits like faster planning and reduced costs.
Se ofrece para la venta un duplex de 160m2 en el Departamento Surco Alt Cdra 3 Ayacucho. El duplex tiene sala comedor, cocina amoblada, 2 baños, lavanderia, 2 dormitorios y terraza. La primera planta incluye sala comedor, cocina, dormitorio, segundo dormitorio, terraza y baño. El precio es de US$75,000 e incluye una cochera con vigilancia las 24 horas.
The document discusses an automated data flow (ADF) solution called CRisMac for collecting and integrating data from various source systems into a centralized data repository for regulatory reporting purposes. It describes the key components and benefits of the CRisMac solution, including automated extraction and transformation of data, data quality checks, generation of various regulatory reports, and a high availability architecture. The solution aims to improve efficiency, data quality, and reduce costs associated with regulatory reporting.
The document discusses a lecture on optimizing data for enterprise performance management (EPM). It covers understanding EPM data challenges, managing master data, and EPM products and solutions like performance applications, scorecards, dashboards, and key performance indicators. The lecture agenda includes an overview of the EPM workspace and applications, as well as challenges around financial consolidation, performance management, and business intelligence.
This document discusses A-SPEC, a Trans-Tasman collaboration program that develops standard data specifications for recording asset information. It focuses on receiving consistent asset data from developers and capital works programs and using GIS technology to visualize and validate the data. Over 10 years, A-SPEC has expanded to include specifications for various asset types and now has participation from over 15 Australian and New Zealand councils and industry partners. It aims to improve asset management practices through data sharing and collaboration across organizations.
This document summarizes new features in versions 3 and 4 of IBM Cognos 8 business intelligence software. Key features discussed include briefing books, self-service alerts, improved data modeling capabilities, express report authoring, new scorecard portlets, system monitoring tools, and enhanced mobile and dashboard capabilities. The software aims to provide more context, relevance, and confidence in business information for informed decision making.
The document discusses implementing a management information system (MIS) using 1Key software to capture data on purchases, sales, expenses, inventory, and other items from Tally and generate consolidated financial reports and schedules. It also describes consultancy services offered in areas like IT, human resources, finance, and outsourcing. Key benefits of MIS are highlighted as providing standardized reports for timely decision making, collecting data from multiple sources, and generating exceptional reports beyond statutory requirements.
The Longview Integration Suite (LVIS) provides data integration between Longview 7 and any data sources. LVIS simplifies and automates the integration process through a graphical interface and pre-built connectors. It extracts and transforms data from hundreds of sources, loads it into Longview, and automates scheduled or triggered integration. LVIS helps customers overcome data integration challenges and provides benefits like faster planning and reduced costs.
Se ofrece para la venta un duplex de 160m2 en el Departamento Surco Alt Cdra 3 Ayacucho. El duplex tiene sala comedor, cocina amoblada, 2 baños, lavanderia, 2 dormitorios y terraza. La primera planta incluye sala comedor, cocina, dormitorio, segundo dormitorio, terraza y baño. El precio es de US$75,000 e incluye una cochera con vigilancia las 24 horas.
This document summarizes the top 10 things learned in an Introduction to Public Relations class. Key points include: the importance of building connections; how PR incorporates marketing and advertising; preparing for job interviews with professional attire, company research, and a positive attitude; using tools like Twitter and blogging; effective communication strategies; conducting research; resume tips; insights into today's PR world from interviews with professionals; and an overview of what PR involves.
The document discusses concepts related to aerosol characterization and monitoring efforts. It describes the goal of the Regional Haze Rule to attain natural conditions by 2064 and establish baselines from 2000-2004. It also discusses satellite applications for monitoring smoke and particulate matter to help regulatory and public needs. The FASTNET and DataFed projects pursue recommendations from the National Ambient Air Monitoring Strategy to provide enhanced real-time data and integrate multiple data sources and models to better characterize non-industrial aerosol events.
The document analyzes four indie album covers to understand what they have in common. It discusses a Toploader album cover that shows the band together facing the camera in costumes, signifying their genre. The band's name is written in large bold font to introduce them to their target audience. The location and album name, like "dancing in the moonlight", convey the band's passion and imagination in their music for audiences to express themselves confidently through dancing.
2006 Partnership And Challenges Public Policy Forum TorontoNikhat Rasheed
This document summarizes a presentation given by Nikhat Rasheed of the Public Policy Forum on challenges and partnerships needed to mobilize professions and trades. The key challenges discussed include the assumption that immigrant skills are deficient, disconnects between federal, provincial and local public policies, ineffective policy and program designs, inward-looking standards, and problematic regulation. Partnerships between immigrant professionals, governments, employers, regulatory bodies and others are needed to address these challenges and maximize immigrant contributions in Canada. The presentation calls for more seamless and equitable processes that focus on complementarity of skills rather than assumed deficiencies.
The document discusses several issues related to global and Indian food security including population growth, depletion of resources, loss of agricultural land, climate change impacts, dependence on fertilizers and imported seeds, post-harvest losses, water scarcity, impact of biofuels, and land acquisitions in developing countries for biofuel production. It advocates for restoring the agricultural cycle through organic farming practices, developing self-sufficient farms, shifting to more sustainable food and crop patterns, and greater community involvement in urban horticulture and conservation efforts.
This document provides information about the Canadian Alliance of Student Associations (CASA). CASA advocates for post-secondary students at the federal level through policy development, research, awareness campaigns, and government relations. Its vision is for accessible, affordable, and high-quality post-secondary education. CASA represents over 25 student associations and 600,000 students across Canada. It lobbies the federal government on issues like student grants, loans, and debt reduction to influence policies that impact post-secondary education.
Youth unemployment is historically two to three times higher than older age groups due to factors like temporary contracts, increased education expectations, and lack of experience. During recessions, youth employment rates are significantly affected. Youth make up 25% of the global working population but account for 40% of total unemployment. Common causes of high youth unemployment include lack of skills, demographic mismatch between jobs and youth population, lack of career guidance, and impact of past unemployment on future prospects. Increasing job opportunities through policies promoting sectors like manufacturing, labor law reforms, and improving education and skills are suggested to address the issue.
This document discusses the benefits of using XBRL (eXtensible Business Reporting Language) for financial reporting. It notes that XBRL provides a common electronic format for business reporting, improves data quality through validation checks, and enables quick data analysis. The key benefits of XBRL include reducing costs by automating tasks, facilitating electronic information exchange, and shifting the focus to data analysis. Regulators, auditors, analysts and investors are among the main beneficiaries of XBRL data. The Ministry of Corporate Affairs in India has mandated that listed and large companies file financial statements in XBRL format.
This document discusses the benefits of using XBRL (eXtensible Business Reporting Language) for financial reporting. It notes that XBRL provides a common electronic format for business reporting, improves data quality through validation checks, and enables quick data analysis. The key benefits of XBRL include reducing costs by automating tasks, facilitating electronic information exchange, and shifting the focus to data analysis. Regulators, auditors, analysts and investors are among the main beneficiaries of XBRL data. The Ministry of Corporate Affairs in India has mandated that listed and large companies file financial statements in XBRL format.
The document discusses how using disclosure management software can streamline financial reporting processes by automating tasks like report assembly, validation, and review. It notes the software helps enhance controls and can reduce costs and turnaround times by 25-50% by making the reporting process more efficient. The presentation also provides examples of how companies are using such software to generate interactive reports, automate peer comparisons, and directly link financial data to source systems.
Xbrl In Plain English Ima 111709 Finalodanilevitch
XBRL is a computer language based on XML that allows business reporting information to be reused and repurposed on the internet. It enhances the ability to compare information across entities. The SEC requires public companies to submit financial statements and reports in XBRL format on a phased-in schedule beginning in 2009. Filing in XBRL allows information to be interactive, intelligent data on the internet and cheaper for investors to use. Companies can outsource the XBRL filing process or do it in-house using XBRL software tools.
Presentation made in "International Virtual Conference: The New Paradigm for IFRS financial reporting business", organized by the Ibero-American Network of Virtual Studio on Nov 22 & 23, 2012
XBRL : how is it affecting auditing financial statements?Vinod Kashyap
XBRL & Financial Reporting presents information on XBRL (eXtensible Business Reporting Language), including:
- Risks in the XBRL environment relate to technical specifications, taxonomy selection and maintenance, and accurate data mapping and tagging.
- Internal controls over XBRL focus on taxonomy selection and testing, accurate data mapping, and change management procedures.
- Assurance over XBRL instance documents involves evaluating the accuracy and validity of XBRL tags applied to financial statement line items.
- Materiality, evidence, and procedures for XBRL assurance differ from traditional financial statement audits due to the granular nature of XBRL data.
WFS Financial implemented seleqtech solutions to improve decision making and reporting across key business areas like profitability, credit quality, and process performance. The solutions included establishing a scalable data warehouse architecture sourcing from various internal and third party systems. This allowed improved targeting, decreased losses, refined credit scores and policies, and process efficiencies through timely access to consolidated data and insights. The iterative implementation of six subject areas over 1.5 years benefited business users with increased profits, quality, and resource efficiency.
A model for optimizing process efficiency in multi stream data keying environ...Daniel Hillman
This document discusses optimizing process efficiency in a multi-stream data keying environment through co-mingling workstreams. It identifies challenges with decentralized data keying processes, obstacles to change, and how co-mingling processes can improve seat utilization rates and reduce costs. The document presents a case study of J.P. Morgan Treasury Services co-mingling their data keying processes and provides a framework for analyzing current processes, evaluating alternatives, and documenting expected results of optimization efforts.
What is XBRL? How is it different than XML? Who is using it today? With the United States Securities and Exchange Commission (SEC) mandating it; stock exchanges around the world using it; and official support from the European Parliament as well as governments of the Netherlands, Australia, Japan and China--the Extensible Business Reporting Language (XBRL) can certainly be considered a global standard for business reporting. In this webcast, These are the slides from teh webcast by Charlie Hoffman, the father of XBRL and Steve Levine, To view the recorded webcast, go to http://www.youtube.com/watch?v=MW-L8evKD2Y&feature=channel_page
Sageworks solutions help institutions grow the portfolio profitably through good loans while at the same time reducing credit and regulatory risks. By automating processes, institutions eliminate manual errors and spend more time analyzing results, strengthening their methodologies or pursuing other revenue-generating activities. These solutions also improve examiner relationships, with well-documented processes that comply with the latest guidelines.
Black Diamond LMST Road Map to Loan Modification SolutionMitchell Grooms
This document outlines a loan modification solution that uses data aggregation, advanced analytics, and customized loan modification programs. Key aspects include identifying risks at both the portfolio and individual loan levels, developing models to measure risk and identify troubled loans, defining solutions to mitigate risks, creating HAMP-qualified modification programs, and installing performance monitoring tools. The proposed solution includes collecting and integrating data, modeling credit risk and performance, evaluating solution strategies through discounted cash flow analysis, and ongoing performance oversight to optimize portfolio value and compliance.
Sageworks solutions help institutions grow the portfolio profitably through good loans while at the same time reducing credit and regulatory risks. By automating processes, institutions eliminate manual errors and spend more time analyzing results, strengthening their methodologies or pursuing other revenue-generating activities. These solutions also improve examiner relationships, with well-documented processes that comply with the latest guidelines.
XBRL (eXtensible Business Reporting Language) provides a standardized format for publishing and exchanging financial data over the internet. It allows financial metrics and performance drivers to be automatically pulled from different source systems and shared without re-keying or reformatting the data. This significantly enhances the ability of competitive intelligence professionals to track and analyze key financial indicators in near real-time. By using XBRL, metrics can be delivered directly to decision-makers via online dashboards and analytic tools without any manual data validation or loading.
This is a one-stop presentation that carries the range of services that GramIT, the rural BPO is capable of delivering. You\'ll find it very interesting and compelling. If you have any business that you can offload to GramIT, please do it!!! Do buzz me
This document summarizes the top 10 things learned in an Introduction to Public Relations class. Key points include: the importance of building connections; how PR incorporates marketing and advertising; preparing for job interviews with professional attire, company research, and a positive attitude; using tools like Twitter and blogging; effective communication strategies; conducting research; resume tips; insights into today's PR world from interviews with professionals; and an overview of what PR involves.
The document discusses concepts related to aerosol characterization and monitoring efforts. It describes the goal of the Regional Haze Rule to attain natural conditions by 2064 and establish baselines from 2000-2004. It also discusses satellite applications for monitoring smoke and particulate matter to help regulatory and public needs. The FASTNET and DataFed projects pursue recommendations from the National Ambient Air Monitoring Strategy to provide enhanced real-time data and integrate multiple data sources and models to better characterize non-industrial aerosol events.
The document analyzes four indie album covers to understand what they have in common. It discusses a Toploader album cover that shows the band together facing the camera in costumes, signifying their genre. The band's name is written in large bold font to introduce them to their target audience. The location and album name, like "dancing in the moonlight", convey the band's passion and imagination in their music for audiences to express themselves confidently through dancing.
2006 Partnership And Challenges Public Policy Forum TorontoNikhat Rasheed
This document summarizes a presentation given by Nikhat Rasheed of the Public Policy Forum on challenges and partnerships needed to mobilize professions and trades. The key challenges discussed include the assumption that immigrant skills are deficient, disconnects between federal, provincial and local public policies, ineffective policy and program designs, inward-looking standards, and problematic regulation. Partnerships between immigrant professionals, governments, employers, regulatory bodies and others are needed to address these challenges and maximize immigrant contributions in Canada. The presentation calls for more seamless and equitable processes that focus on complementarity of skills rather than assumed deficiencies.
The document discusses several issues related to global and Indian food security including population growth, depletion of resources, loss of agricultural land, climate change impacts, dependence on fertilizers and imported seeds, post-harvest losses, water scarcity, impact of biofuels, and land acquisitions in developing countries for biofuel production. It advocates for restoring the agricultural cycle through organic farming practices, developing self-sufficient farms, shifting to more sustainable food and crop patterns, and greater community involvement in urban horticulture and conservation efforts.
This document provides information about the Canadian Alliance of Student Associations (CASA). CASA advocates for post-secondary students at the federal level through policy development, research, awareness campaigns, and government relations. Its vision is for accessible, affordable, and high-quality post-secondary education. CASA represents over 25 student associations and 600,000 students across Canada. It lobbies the federal government on issues like student grants, loans, and debt reduction to influence policies that impact post-secondary education.
Youth unemployment is historically two to three times higher than older age groups due to factors like temporary contracts, increased education expectations, and lack of experience. During recessions, youth employment rates are significantly affected. Youth make up 25% of the global working population but account for 40% of total unemployment. Common causes of high youth unemployment include lack of skills, demographic mismatch between jobs and youth population, lack of career guidance, and impact of past unemployment on future prospects. Increasing job opportunities through policies promoting sectors like manufacturing, labor law reforms, and improving education and skills are suggested to address the issue.
This document discusses the benefits of using XBRL (eXtensible Business Reporting Language) for financial reporting. It notes that XBRL provides a common electronic format for business reporting, improves data quality through validation checks, and enables quick data analysis. The key benefits of XBRL include reducing costs by automating tasks, facilitating electronic information exchange, and shifting the focus to data analysis. Regulators, auditors, analysts and investors are among the main beneficiaries of XBRL data. The Ministry of Corporate Affairs in India has mandated that listed and large companies file financial statements in XBRL format.
This document discusses the benefits of using XBRL (eXtensible Business Reporting Language) for financial reporting. It notes that XBRL provides a common electronic format for business reporting, improves data quality through validation checks, and enables quick data analysis. The key benefits of XBRL include reducing costs by automating tasks, facilitating electronic information exchange, and shifting the focus to data analysis. Regulators, auditors, analysts and investors are among the main beneficiaries of XBRL data. The Ministry of Corporate Affairs in India has mandated that listed and large companies file financial statements in XBRL format.
The document discusses how using disclosure management software can streamline financial reporting processes by automating tasks like report assembly, validation, and review. It notes the software helps enhance controls and can reduce costs and turnaround times by 25-50% by making the reporting process more efficient. The presentation also provides examples of how companies are using such software to generate interactive reports, automate peer comparisons, and directly link financial data to source systems.
Xbrl In Plain English Ima 111709 Finalodanilevitch
XBRL is a computer language based on XML that allows business reporting information to be reused and repurposed on the internet. It enhances the ability to compare information across entities. The SEC requires public companies to submit financial statements and reports in XBRL format on a phased-in schedule beginning in 2009. Filing in XBRL allows information to be interactive, intelligent data on the internet and cheaper for investors to use. Companies can outsource the XBRL filing process or do it in-house using XBRL software tools.
Presentation made in "International Virtual Conference: The New Paradigm for IFRS financial reporting business", organized by the Ibero-American Network of Virtual Studio on Nov 22 & 23, 2012
XBRL : how is it affecting auditing financial statements?Vinod Kashyap
XBRL & Financial Reporting presents information on XBRL (eXtensible Business Reporting Language), including:
- Risks in the XBRL environment relate to technical specifications, taxonomy selection and maintenance, and accurate data mapping and tagging.
- Internal controls over XBRL focus on taxonomy selection and testing, accurate data mapping, and change management procedures.
- Assurance over XBRL instance documents involves evaluating the accuracy and validity of XBRL tags applied to financial statement line items.
- Materiality, evidence, and procedures for XBRL assurance differ from traditional financial statement audits due to the granular nature of XBRL data.
WFS Financial implemented seleqtech solutions to improve decision making and reporting across key business areas like profitability, credit quality, and process performance. The solutions included establishing a scalable data warehouse architecture sourcing from various internal and third party systems. This allowed improved targeting, decreased losses, refined credit scores and policies, and process efficiencies through timely access to consolidated data and insights. The iterative implementation of six subject areas over 1.5 years benefited business users with increased profits, quality, and resource efficiency.
A model for optimizing process efficiency in multi stream data keying environ...Daniel Hillman
This document discusses optimizing process efficiency in a multi-stream data keying environment through co-mingling workstreams. It identifies challenges with decentralized data keying processes, obstacles to change, and how co-mingling processes can improve seat utilization rates and reduce costs. The document presents a case study of J.P. Morgan Treasury Services co-mingling their data keying processes and provides a framework for analyzing current processes, evaluating alternatives, and documenting expected results of optimization efforts.
What is XBRL? How is it different than XML? Who is using it today? With the United States Securities and Exchange Commission (SEC) mandating it; stock exchanges around the world using it; and official support from the European Parliament as well as governments of the Netherlands, Australia, Japan and China--the Extensible Business Reporting Language (XBRL) can certainly be considered a global standard for business reporting. In this webcast, These are the slides from teh webcast by Charlie Hoffman, the father of XBRL and Steve Levine, To view the recorded webcast, go to http://www.youtube.com/watch?v=MW-L8evKD2Y&feature=channel_page
Sageworks solutions help institutions grow the portfolio profitably through good loans while at the same time reducing credit and regulatory risks. By automating processes, institutions eliminate manual errors and spend more time analyzing results, strengthening their methodologies or pursuing other revenue-generating activities. These solutions also improve examiner relationships, with well-documented processes that comply with the latest guidelines.
Black Diamond LMST Road Map to Loan Modification SolutionMitchell Grooms
This document outlines a loan modification solution that uses data aggregation, advanced analytics, and customized loan modification programs. Key aspects include identifying risks at both the portfolio and individual loan levels, developing models to measure risk and identify troubled loans, defining solutions to mitigate risks, creating HAMP-qualified modification programs, and installing performance monitoring tools. The proposed solution includes collecting and integrating data, modeling credit risk and performance, evaluating solution strategies through discounted cash flow analysis, and ongoing performance oversight to optimize portfolio value and compliance.
Sageworks solutions help institutions grow the portfolio profitably through good loans while at the same time reducing credit and regulatory risks. By automating processes, institutions eliminate manual errors and spend more time analyzing results, strengthening their methodologies or pursuing other revenue-generating activities. These solutions also improve examiner relationships, with well-documented processes that comply with the latest guidelines.
XBRL (eXtensible Business Reporting Language) provides a standardized format for publishing and exchanging financial data over the internet. It allows financial metrics and performance drivers to be automatically pulled from different source systems and shared without re-keying or reformatting the data. This significantly enhances the ability of competitive intelligence professionals to track and analyze key financial indicators in near real-time. By using XBRL, metrics can be delivered directly to decision-makers via online dashboards and analytic tools without any manual data validation or loading.
This is a one-stop presentation that carries the range of services that GramIT, the rural BPO is capable of delivering. You\'ll find it very interesting and compelling. If you have any business that you can offload to GramIT, please do it!!! Do buzz me
VergilTM is a data analysis tool that provides "High-Definition Analytics" to gain better insights from large amounts of data. It can consider more data factors than other tools and uses different data types together. VergilTM explains its predictions and constantly updates them based on changing conditions. This allows companies using VergilTM to identify the specific actions that will optimize outcomes. Case studies show how VergilTM helped companies increase revenues and reduce costs by determining the best product investments and marketing strategies based on comprehensive data analysis.
This document discusses EDGAR Online's role in promoting transparency through structured data. It notes that EDGAR Online has the largest and fastest XBRL dataset with over 11 years of US public company filings. It also has the most comprehensive set of XBRL products and services, including tools for companies to create and file XBRL documents and for regulators and analysts to analyze XBRL data. The document argues that data standards like XBRL are important to improve the outdated financial information supply chain and enable better data analysis.
Xerox offers managed print services that can help organizations address common challenges around printer fleets. The services include multi-vendor device management, proactive monitoring and support, consolidated billing and reporting through a single point of contact. Xerox uses an assessment process to audit an organization's current printing infrastructure, identify areas for improved performance and cost savings, and design a customized print solution. Independent analysts recognize Xerox as a leader in managed print services, and Xerox has received the J.D. Power award for outstanding customer service for five consecutive years.
ProKarma's expense management solution, ProUtility, helps clients realize average savings of over 5% on their overall utility spending. Through ProUtility's analytics, budgeting, forecasting and benchmarking capabilities, clients are able to effectively track and manage utility costs. ProKarma processed over 2 million utility bills in 2009 and has helped Fortune 500 companies and small businesses reduce spending and increase efficiency.
This document summarizes a seminar on government contractor financial systems. The seminar agenda includes an introduction, challenges for government contractors, an overview of the Raffa/Unanet solution, requirements for success, key benefits, and a software demonstration. The seminar will discuss evaluating and selecting new financial software, and how the integrated Microsoft Dynamics and Unanet solution addresses challenges for government contractors.
Similar to Enabling Grants Reporting with XBRL (20)
1. 18th International XBRL
Conference
Enabling Grants Reporting with XBRL:
A Case Study
H. Wes Bills – Nevada Department of Agriculture
Jeff Hansen – Deloitte & Touche LLP
2. In This Session
Grants Management at the Nevada Department of Agriculture
– Grants Reporting Challenges
– Current Grants Process
– Pain Points
– Driving Factors for the Case Study
Case-Study: Grants Reporting Enabled by XBRL
– XBRL and Grants Reporting
– Case Study: Components and Technology
XBRL Demonstration
Moving Forward
Q&A
1
4. Grants Reporting Challenges
NDOA strives to improve its Grants Management and
Reporting process with a key focus on:
– Delivering accurate, standardized and timely reports to Federal,
State and Private Grantor Agencies
– Delivering real time or near-real time data to Administrators and
Project Managers
– Streamlining and standardizing Grant and Agreement Application
preparation
– Providing Administrative and Fiscal oversight to the Grants
Reporting Process
3
5. Current Grants Process
Current Grant Reporting process at the Nevada
Department of Agriculture (NDOA) is labor
intensive and time consuming
– Over 60+ grants manually maintained
– Proliferation of spreadsheets, word documents required to gather
and maintain information
– Monthly grant summary and detail report for grant owners/managers
manually compiled in Excel
Manual incorporation of GL data from Financial Data Warehouse
Manual tracking of reimbursements and footnotes related to grant expenses
– ~ 1-2 hours required per grant for report preparation
4
6. Pain Points
The consideration of XBRL for improving Grants
Reporting was driven by a number of issues faced
by the NDOA:
– Time required for report preparation
– Errors due to manual re-entry of data
– Redundant data entry
– Lack of standardization
Non-standard categorization of data between agreements
Non-standard reporting requirements and formats
– Stronger controls over incomplete or missing data elements and
structure
5
7. Driving Factors for the Case Study
NDOA interest in resolving several of the pain points using XBRL
Grants Reporting Goals:
• Timely and accurate data XBRL Benefits:
• Stronger internal controls • Cost savings, efficiency, and
improved accuracy and
• Reduced costs reliability
• Standardized systems, • Transparency
business processes and data
elements • Enhanced business reporting
and standardization
• Seamless data exchange
between and among • Paperless environment
agencies
• SOA architecture for
interoperability
Case Study also allows the State to prepare for the “Federal Funding Accountability
and Transparency Act”
6
9. XBRL and Grants Reporting
We believe XBRL can be integrated into the existing grant
management process to improve effectiveness and efficiency
• Standardized XBRL taxonomies
can facilitate standardization and
Timeliness / Improved
consistent interpretation of data
Accuracy of Internal Control across systems and agencies
Data
• XForms can facilitate automating
How can XBRL help and improving source data capture
Reduced achieve these and validation
Costs Seamless Data
objectives?
Interchange • Use of XBRL GL can provide
transparency to transaction level
data
Standardization
and Efficiencies • Improved standardization and
transparency will shorten time
required for data analysis and
reporting
8
10. Case Study: Components and Technology
Grants Reporting Entity XForm to collect and Financial Data
modify grant information XBRLGL Adapter transforms GL Warehouse
Transactions from Financial Data
Warehouse to XBRL GL instance
docs
Program
Manager Grants
Repository General
•Grant Instance Docs Ledger
• GL Instance Docs
• Grant Taxonomy
Transactions
• GL Taxonomy XBRL
GL Adapter
• Analysis Reports
• Grant Management Reports
Business • Federal Reporting
Analyst
Program Manager Grants Repository Financial Data Warehouse
• Add/modifies grant in database using XForm • Contains all grant instance documents and taxonomy • Contains general ledger transactions related to
• Performs system administration tasks • Contains all GL instance documents and taxonomies grants
Business Analyst XBRL GL Adapter
• Reviews grant, expense revenue data • Converts general ledger transactions from financial
data warehouse into XBRL Global Ledger (GL)
• Produces reports
instance documents
9
20. Conclusion
XBRL can be used to improve and streamline the Grants
Reporting process
Use of GL and Reporting taxonomies combined, allows
users to effectively automate the rendering of Grants
Reports
– Reduced processing time from weeks to hours
– Achieved with limited changes to existing processes
Re-usable model for addressing Grants Reporting at other
agencies
19
21. Next Steps for NDOA
Fine tune current solution
Expand to include all Grants and Agreements
Develop Web-based real time reporting
Drive state-wide standardization of grants reporting
Address new and developing federal requirements within
the grants reporting process
Expand solution to include sub-grants and Federal
reporting requirements
20