XBRL is fully integrated in the MDD Platform.
What is XBRL? XBRL is the response to the growing challenge of managing the large number and scope of reports. In this age of digitalisation, tax authorities need the option to process, check and compare financial data in digital format. XBRL makes it extremely easy for investors to compare the financial data from different companies.
XBRL is a machine-readable file format that has already become the standard in more than 70 countries. With MDD, you can benefit from the expertise of a partner who has been creating XBRL-based reports since XBRL was introduced at the U.S. Securities and Exchange Commission (SEC). Our MDD Service will be happy to help with any questions that you have regarding XBRL filing.
A firm grip on the future – thanks to XBRL.
Due to increasing requirements, XBRL will inevitably be used by numerous companies at some point in the future. Even if XBRL is not yet important to you, the digital creation processes on the MDD Platform mean that you are perfectly equipped for the future. If you request XBRL, MDD offers comprehensive cooperation.
The decisive advantages of XBRL-based reports on the MDD Platform.
- Develop XBRL in parallelThe MDD Platform allows you to create an XBRL filing in parallel with other publication formats.
- Simultaneously availableThanks to the MDD Platform, XBRL is available at the same time as other publication formats.
- Simpler processesOptimise your process as part of the XBRL implementation. Find out how the new, digital processes mean that XBRL filing has become the obvious choice for Credit Suisse, for example.
- MDD as an XBRL filerAs a technical implementation partner, MDD carries out the technical preparation of the taxonomy, implements the reporting process, and submits the XBRL-based reports to the supervisory authority.