The Work-in-Process (WIP) report and other financials can be delivered in useable form directly from contractor to surety eliminating manual rekeying of data, improving timeliness and access to credit for contractors. Financial data standards can automate the process. Join this webinar to view demonstrations for creating and consuming XBRL-formatted WIP reports.
Items tagged with "financial services"
The accounting profession, data providers, public companies, technologists, federal regulators and a growing number of industry groups view XBRL as an important component of transparency in the markets. These organizations support the business reporting standard by collaborating on XBRL US initiatives with other like-minded organizations and individuals. Learn about membership options for individuals and organizations and get started today.
Browse this growing collection of case studies, white papers and resources documenting the significance of the business reporting data standard, or dig and discover what’s in the data with tools and services like our Data Analysis Toolkit that bring near real-time analysis to your desktop or device.
The U.S. solar energy industry reached 31.6 gigawatts of total installed capacity in Q2 2016, enough to power 6.2 million American homes. This webinar will present the Dept of Energy plan to reduce solar financing costs and bring down the consumer cost of renewable energy by creating unified data standards. Find out how the XBRL standard for solar financing is being developed.
A Government/Industry Collaboration
Project finance is an effective financing tool for long-term infrastructure industry projects, and is used extensively to fund solar installations. Learn how the U.S. Department of Energy, in collaboration with the solar and investment industry, supports data standards to lower the soft costs of solar financing through a program called Orange Button.
XBRL US and ConsenSys, a blockchain technology company, announced the formation of a working group to develop standards for tokenization of assets on the blockchain. A token is a digital representation of an asset, e.g., debt, equity, cash or a physical asset (i.e. a vehicle or a piece of artwork).
This working group is slated to launch in Q4 2016/Q1 2017 and will be responsible for promoting data standards in fintech innovations including blockchain, crowdfunding and crowdfunding. Work product: Prototype Data Oracle (in development)
Speakers from Bloomberg, Credit Suisse, OFR/Treasury, SEC, S&P Capital IQ confirmed XBRL US today announced a ½ day forum for investors, analysts, regulators, data and analytical tool providers: Improving Financial Analysis through Structured Data. The forum is hosted by Baruch College’s Zicklin School of Business at their E. 25th Street campus and offered through partnerships […more]
On May 20, the SEC published a rule proposal: Investment Company Reporting Modernization, which would make certain changes to investment company reporting requirements including introducing new forms and retiring some old forms. The proposal, which will be out for a 60 day public comment period, would also require the reporting of information in structured data […more]
Over 5.3M corporate actions were processed in 2015, according to The Depository Trust & Clearing Corporation (DTCC). Most announcements are processed manually, resulting in errors, time delays and unnecessary cost, negatively affecting investors across the financial community. Business Case for XBRL in Corporate Actions XBRL enables straight-through-processing by electronically capturing standardized data directly from issuers […more]