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Continuing to move and shake the world of XBRL are our friends at JustSystems (news,site), who after announcing theirnew XBRL Reporta couple weeks ago are back again with a partnership to leverage data aggregation, content creation and publishing of financial reports using the business reporting language.
Reading Business Language
As Diane Mueller, vice president, XBRL development, JustSystems, explained at the release of the new reporting capability,the business languagewasn’t designed for human readability. Not being able to understand it equals risk on every level of the information cycle—not a good equation if you ask us. The JustSystems xfy XBRL Reporting system attempts to rectify this problem by consuming XBRL data and then spitting it back out in a readable HTML or PDF document.