In a recent informal poll we conducted, nine out of 10 finance executives had no
idea what eXtensible Business Reporting Language (better known by its acronym XBRL)
is – and, more to the point, what it can do for them. That will change. The U.S.
Securities and Exchange Commission (SEC) will be putting some serious money into
eliminating key barriers to adoption, in particular by completing development of
the basic structure for tagging financial data, overhauling its Electronic Data
Gathering, Analysis and Retrieval (EDGAR) database and funding development of free
tools so investors can work interactively with information from public companies.
In addition, over the past year, the three major financial publishers (Bowne &
Co., Merrill Corp. and RR Donnelley) have taken the first steps to allow companies
that want to participate in the SEC’s voluntary program to tag data easily in their
financial statements. We believe that XBRL will become a fixture in finance organizations
because it eliminates some of the key defects of spreadsheets that soak up time
and increase costs. We expect the technology will be used to speed the exchange
of all sorts of financial information within and between companies. The pace of
adoption, however, will depend on how quickly XBRL use expands past external reporting
by public companies.
Research and Education News:
Going Beyond the Budget
New Global Research Will Help Finance Uncover Improved Methods to Closing the Books
and Reporting
Chief Financial Officer:
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Financial Performance Management :
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Governance, Risk & Compliance (GRC) :
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Our education, workshops, assessments and advisory services help organizations align
people, process and technologies essential for Financial Performance Management
success. Learn more!
Financial Performance Management (FPM) Suite:
ClearMomentum
- Covered
IBM Cognos - Covered
Exact Software - Longview Solutions - Covered
Host Analytics
- Covered
Infor -
Covered
Oracle - Hyperion - Covered
PROPHIX -
Covered
SAP - Covered
SAS - Covered
Accounting and Financials Suite: Infor
Intacct - Covered
NetSuite - Covered
Lawson - Covered
Oracle - Covered
SAP
Workday - Covered
Finance in the Cloud:
Acumatica
- Covered
Aplicor -
Covered
Expandable
- Covered
FinancialForce
- Covered
Intacct -
Covered
Intuit
- Covered
NetSuite - Covered
Oracle - Covered
Plex - Covered
SAP - Covered
Planning and Modeling (Others in FPM Suite):
Acorn Systems -
Covered
Adaptive Planning - Covered
Alight
- Covered
Anaplan -
Assessing
BITAM
BOARD
Jonova -
Covered
Profit Velocity Solutions - Covered
Quantrix
- Covered
SAS - Covered
Satori
Group - Covered
Analytics:
Biznet Software - Covered
ClearWater Analytics - Covered
Boardwalk Technology
Host Analytics
- Covered
Infor -
Covered
IBM Cognos - Covered
Profit Velocity Solution - Covered
Oracle - Hyperion - Covered
SAP Business Objects - Covered
SAS - Assessing
Satori
Group - Assessing
ERP:
Epicor - Covered
Exact - Assessing
Infor
- Covered
Lawson -
Covered
Microsoft Business Solutions - Covered
Oracle - Covered
QAD - Assessing
Sage
- Covered
SAP - Covered
Pricing & Optimization:
DemandTec
- Covered
Nomis
Solutions - Covered
PROS - Covered
Model N - Assessing
Navetti - Assessing
SAP - Covered
SAS - Covered
SignalDemand - Assessing
Vendavo -
Covered
Vistaar -
Assessing
Zilliant
- Covered
Spend Management:
Ariba
Certify -
Covered
Concur
Coupa Software
- Covered
Emptoris
- Covered
Expensable
- Covered
ExpenseWatch.com -
Covered
Infor - Covered
Oracle - Covered
Rosslyn Analytics - Covered
SAP - Covered
SumTotal Systems
Tax & Governance
ADP Taxware - Covered
Avalara - Covered
CCH - Covered
Corptax - Covered
Thomson Sabrix - Covered
Vertex -
Covered
XBRL:
Edgar Online - Covered
Hitachi America - Covered
Rivet
- Covered
* Vendors Dropped in 2009
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