XBRL and iXBRL
Workiva is the leading provider of XBRL® and Inline XBRLTM software and services, accounting for more iXBRLTM facts filed with the SEC than any other provider.
Best in class XBRL and iXBRL support tailored to your needs
XBRL, short for Extensible Business Reporting LanguageTM, enables the standardization of data for key stakeholders and investors. The quality of your data is critical, as is selecting the right service provider.
Proven leaders in XBRL
Our Professional Services team provides more XBRL and iXBRL consulting services than the leading financial printers combined.
Expertise and support is available for submissions to regulators, including SEC in the United States (supporting US GAAP and IFRS taxonomies), HMRC in the United Kingdom, and CIPC in South Africa. Workiva is also able to meet the forthcoming ESMA requirement for ESEF reporting in 2020.
Multiple support options available
Our experienced team is with you every step of the way, with three XBRL service options to choose from:
- Full service: Your dedicated manager will tag, review, and help you file your document
- Support as you need it: Pick and choose the areas of your filing where you need assistance
- DIY: Tag XBRL yourself, but lean on a support manager if you need help
XBRL®, iXBRLTM, Inline XBRLTM, and Extensible Business Reporting LanguageTM are trademarks of XBRL International, Inc. All rights reserved. The XBRLTM/® standards are open and freely licensed by way of the XBRL International License Agreement.
Ensure XBRL and iXBRL quality with a connected approach
Streamline your tagging, and reduce the risk of errors by bringing people, data, and processes together.
XBRL best practices
Whether completing XBRL tagging in-house or outsourcing, the most successful filers take an integrated approach, using the following guidelines:
- Leverage a single system to manage the entire financial process from close to tagging
- Simultaneously review the EDGAR document, disclosure tags, and fact properties
- Work with a team of dedicated XBRL experts to enjoy the best of both worlds
Committed to data quality
Workiva maintains a large ongoing investment in XBRL mapping and tagging technologies—including Arelle, the open-source XBRL validation engine used by the SEC.
Wdesk incorporates an additional level of validation checks that look at the meaning of the tags used from a business and accounting perspective to help you identify errors.
Complete your filings early and accurately
Manage change, revisions, and validations across internal and external teams without losing time.
Collaborative processes with complete transparency
With Workiva, you can manage updates, changes, and commentary. Monitor and restrict permissions for simultaneous, real-time collaboration by large teams. Simplify certifications and sign-off processes. Assign and respond to tasks in your data and reports.
Ensure tagging integrity
Roll documents forward to ensure XBRL and iXBRL tags are consistent with those filed in previous quarters. Leverage version control and blacklines to compare documents and revisions. Employ a full history and audit trail of changes.
Rely on the experts
Workiva has extensive background in global regulatory requirements and taxonomies. Our team consists of experienced XBRL, accounting, and audit experts.
Workiva offers an extensive library of value-added content, ongoing training, and nationwide events to help you continue to expand your knowledge base.
Learning opportunities include:
Originally, we were looking for a solution to our XBRL needs, but Workiva sold us much more than XBRL capability.
Everything that Wdesk does is in real time. So as you're building out your document, you're getting real-time feedback from the app on the quality of your XBRL.
We're really not going to utilize any external audit assistance. That's going to save the company about a half a million dollars in 2020, and we would not have been able to do that without Workiva.