The Bright Side of the FERC XBRL Mandate: PowerPlan’s Take
Energy companies are due to submit their first forms with XBRL® tagging this year under the Federal Energy Regulatory Commission's XBRL reporting requirements. According to FERC, the bulk of the reporting burden will still come from collecting, compiling, and preparing data for reporting.
To address these challenges, leading organizations are leveraging the adoption of new technology to also evaluate existing processes, mitigate risk, and drive efficiencies and control within their FERC form filing processes.
Join this webinar with Workiva and PowerPlan for regulatory data management best practices to drive efficiency and build confidence as you prepare for XBRL filings.
After this webinar, you will be able to:
- Evaluate existing regulatory processes (the bulk of the repetitious burden faced by FERC filers)
- Identify gaps, manual steps, and undue risk in current systems used for FERC form preparation and filing today
- Discuss the benefits of a systematized process that links data sources and end reporting systems for supreme data confidence as well as efficient, repeatable visualization
XBRL® is a trademark of XBRL International, Inc. All rights reserved. The XBRL® standards are open and freely licensed by way of the XBRL International License Agreement.