Benefits

• XBRL makes the information-making companies to obtain further efficiency, since the automation of the collection and transmission of data improve the speed and reliability (error absence) of the process.
• XBRL enables to REDUCE COSTS since it does not need human intervention and does not affect the existing applications in a company.
• The company directors and managers can obtain financial information quickly and efficiently, to communicate immediately the results to the tributary agencies and improve the relationships with analysts and investors.
• It tends to the elaboration of financial and business reports of fast understanding by other systems.
• It enables to elaborate reports on an automatic basis in different formats. .
• The recipient or collecting entities for information, such as the regulating organisms, improve the speed of the reading and the storage of information, they are able to understand in an easier way the data and to compare or make internal reports quickly.
• XBRL enables the business and financial analysis software to operate in the most optimum way, since the data are understood and comparable.
• Low impact before normative changes.
• Saving in stationary costs.




