Semansys introduces xbrlOne Webservices Platform for XBRL.

XBRL generation, validation, reception and benchmarking made available as a service through the Internet or corporate intranets.

Semansys Technologies, a leading vendor of XBRL based software solutions, introduces the xbrlOne Web Services platform which provides a complete set of XBRL related functionality with all the benefits of a Service Oriented technology architecture. The platform allows for loosely coupled integration with business software systems, and instantly provides for all XBRL related requirements from software vendors, corporations and financial service providers. xbrlOne functionality includes taxonomy viewing, XBRL report generation, technical and financial validation, processing of received reporting and benchmarking of market or corporate data. The platform is provided either as a service by Semansys or on internal hosting facilities.

The xbrlOne Web Services platform closes a business case on XBRL for a large variety of organizations. Corporations, software vendors, financial service providers as well as regulators, can benefit from the specific features of the xbrlOne Web Services platform

Corporations can use the platform as an internal web based service, to provision report creation, validation and benchmarking from a central facility at minimal implementation costs. When combined with Semansys Enterprise Manager, this solution not only creates reports but also manages enterprise wide digital reporting requirements.  

Application Service Providers who offer web based application services (SaaS) can easily extend their services through xbrlOne. They be on the market in a very short time through adding this solution to their service portfolio and creating a loose integration for data exchange and user management. 

Vendors of financial software who had to choose between make or buy can now choose xbrlOne and complete the business case without any doubts. For software vendors the investment is low, and the impact on product management strategy is even lower.

Regulators and financial service providers such as banks can leverage especially the reception and benchmarking facilities of xbrlOne. The implementation of the platform has no bearing on existing infrastructure, fits in any specific implementation or business model and provides a unique set of powerful benchmarking facilities. 

Financial Service Providers, such as accountants and tax advisors, use xbrlOne to expand their service portfolio to include XBRL based reporting. The Web Services architecture supports the variety in organizational structures which is typical for this sector. Firms with many local offices, franchises, associations, they all benefit from one centrally hosted facility which they can access though any browser from any location.  

Availability
Semansys XBRLone is available as a technology or as a service offering and complies with applicable .Net standards. Functionality is bundled in modules and can be acquired through licensing or through an on-line service agreement (SaaS).

About Semansys Technologies

Semansys Technologies is a leading vendor of software solutions for financial reporting and business monitoring based on semantics and XBRL. The company offers a uniquely comprehensive solution that increases speed, quality and transparency in the exchange of information throughout ‘the financial supply chain’. The software helps regulators reduce risks and administrative burden. For preparers of business reports, Semansys provides easy to use and efficient reporting solutions. The use of open standards allows users of this software to deploy innovative real time business monitoring techniques such as daily balance sheets and continuous auditing. Semansys is closely involved in the development and global adoption of XBRL and realized the world’s first implementation of this standard. Semansys is based in Zoetermeer, The Netherlands.

www.semansys.com

Semansys Technologies BV
Tel.:     +31 79 361 5931
Email:   paul.snijders@semansys.com