XBRL and iXBRL

The quality of your filing is more important than ever. Workiva is the leading provider of XBRL software and services, accounting for more than 84% of Inline XBRL facts filed with the SEC in the fourth quarter of 2017.
  • XBRL and iXBRL software and services tailored to fit your needs.

    XBRL detail tagging

    XBRL, short for eXtensible Business Reporting Language, enables the standardisation of data for key stakeholders and investors. The quality of your data is critical, as is selecting the right service provider.

    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. Wdesk is also able to meet the forthcoming ESMA requirement for ESEF reporting in 2020.

    What level of support do you need?

    Our experienced team is with you every step of the way, with three support options to choose from:
    1. Full service: Your dedicated manager will tag, review and file your document
    2. Support as you need it: Pick and choose what areas of your filing need assistance
    3. DIY: Tag XBRL yourself, but lean on a support manager if you need help
  • An integrated approach to XBRL and iXBRL filings.

    XBRL validation
    Companies are faced with the decision to complete XBRL tagging in-house or to outsource. 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, as no one knows your financial reports better than you do
    Learn more about our SEC reporting offerings.

    Data quality is a significant issue for XBRL.

    Workiva leads the quality initiative with the U.S. Data Quality Committee that reduced errors by 64% in 2016. We maintain a large ongoing investment in XBRL mapping and tagging technologies.

    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.

    Version control within Wdesk
    Manage change, revisions and validations across internal and external teams without losing time.
    • Manage updates, changes and commentary
    • Simplify certifications and sign-off processes
    • Assign and respond to tasks in your data and reports
    • Roll documents forward to ensure XBRL and iXBRL tags are consistent with those filed in previous quarters

    Be confident in your data.

    Built-in controls ensure peace of mind. Wdesk allows you to monitor and restrict permissions by role or open documents for simultaneous collaboration by large teams.

    Leverage version control and blackline comparisons to document revisions. Employ a full history and audit trail of changes.

  • In good company.

    XBRL expertise
    The Workiva team has extensive background in global regulatory requirements and taxonomies. Our thought leadership team consists of some of the best-known XBRL and accounting experts in the world, including the:
    • Former Chairman of the Financial Accounting Standards Board
    • Former SEC Deputy Chief Accountant for Policy

    Ongoing education.

    Workiva offers an extensive library of content, ongoing training and events to help you continue to expand your knowledge base. Learning opportunities include:

Suggested Resources

7 Steps to Successful SEC IFRS Adoption and XBRL Tagging

Solution Spotlight

SEC Reporting

Wdesk enables you to streamline XBRL and EDGAR filing.

Internal Controls

Transform internal controls design, testing, certification and reporting.
  • The audit trail features and attestation capabilities are a big part of our process in Wdesk. That was a huge selling point.

See Wdesk in action with a personalised demonstration.