XBRL

Business Profile

Core Value Proposition

XBRL provides the open data exchange standard for business reporting, enabling global accountability and transparency.

Target Customer

{"Regulators and government bodies (e.g., securities commissions, central banks, regulatory authorities)","Publicly listed companies and other entities required to prepare financial statements","Auditors and professional service firms involved in financial reporting","Software developers and vendors building XBRL filing and reporting tools"}

Key Differentiator

Global not-for-profit consortium delivering an open, widely adopted standard for digital business reporting, including Inline XBRL (iXBRL) support, with governance, certifications, and a collaborative ecosystem

Implementation Timeline

Notable implementation timelines mentioned: Ukraine to require XBRL reporting for international standards financial statements starting 1 November 2025; India announced digital filings modernization (June 2025); multiple 2025 updates and pushes toward digital reporting across Europe (e.g., ECB/ESAP developments) and other jurisdictions.

Pain Points

1Sustainability and financial reporting data trapped in PDFs, hindering fast, cost-effective analysis
2Lack of standardized digital reporting across jurisdictions leading to inefficiencies
3High costs and complexity of traditional (non-digital) reporting processes

Key Features

1XBRL standard with Inline XBRL (iXBRL) support for digital, machine-readable reporting
2Guidance and resources tailored for business, regulators, and developers
3Tools and Services ecosystem, including Software Certification
4XBRL Project Directory and governance through Working Groups and Board structures
5Global membership, jurisdictions, and a sustained partner ecosystem

Target Customer Industries

Decision Makers

1Head of Innovation & Digital Strategy

Client Results

1Faster, cheaper analysis of sustainability disclosures (as highlighted in news items)
2Progress toward digital financial reporting adoption in multiple jurisdictions (e.g., iXBRL adoption in Bangladesh; Ukraine moving to XBRL-only reporting)
3Regulatory bodies moving toward digital and standardized reporting practices

Competitive Advantages

1Open, globally recognized data exchange standard for business reporting
2Inline XBRL support enables digital, citable, machine-readable filings
3Not-for-profit, public-interest orientation with governance and certification programs
4Strong global ecosystem including jurisdictions, member organizations, and partner programs

Key Benefits

1Faster and cheaper analysis through standardized, machine-readable data

2Digital, scalable reporting across jurisdictions

3Supportive ecosystem with guidance, certification, and governance

4Improved accountability and transparency of corporate reporting

Case Studies & Success Stories

Bangladesh Implementation: XBRL Bangladesh takes first steps towards iXBRL adoption

Case #1

Bangladesh Securities and Exchange Commission (BSEC) convened regulators, auditors, exchanges and company leaders to chart digital financial reporting via Inline XBRL (iXBRL).

Ukraine steps up with full-scale XBRL rollout

Case #2

From 1 November 2025, all Ukrainian companies preparing financial statements under international standards will report exclusively in XBRL.

India completes shift to MCA V3: digital filings fully modernised

Case #3

India's regulatory update indicating a move toward digital, modernized filings (as reported in 2025 news items).

Additional Product Information

Product Description

XBRL is the global standard for business reporting, providing an open data exchange framework and a community-driven ecosystem for digital financial and sustainability reporting, including Inline XBRL (iXBRL).

Target Market

Regulators, financial institutions, listed companies, auditors, and software developers involved in financial and sustainability reporting globally.

Unique Value Proposition

A global, not-for-profit, open standard for digital business reporting with comprehensive governance, resources for multiple stakeholder groups, and built-in support for inline XBRL to enable faster, standardized financial data exchange.

Technical Requirements

Adoption of Inline XBRL (iXBRL) where applicable; use of standardized XBRL taxonomies; participation in guidance, certification programs, and project directories; integration with reporting software and regulatory filing platforms.

Pricing Model

Not specified in the provided content

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