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Have you ever used Google before? Great! When a customer calls in, say “John Jones,” type “customer John Jones” into Google and you will get everything you need. If they ask about inventory, type “inventory” and then the item’s name — you will get stocking information, online manuals, everything you need.”
Nunavut, pronounced noo-na-voot, is the newest territory of Canada. The primary inhabitants of Nunavut are the Inuit, and a key part of Project Nunavut is showing how the dominant In(t)uit QuickBooks, XML Web Services and product from Google, OneBox, work together with XBRL GL as the facilitator to make inventory, customer and financial information from any accounting product, including QuickBooks, as simple to access as finding the weather, maps or phone numbers on your favorite search engine.
Watch The Project Nunavut Demo
Because Project Nunavut can search XBRL and XBRL Global Ledger data, its applicability is not limited to searching Quickbooks data, or a specific kind of data like Inventory in the demo above, or even to searching corporate data – it can be used to search any kind of information represented with XBRL and XBRL GL, and for many different purposes and types of search results.
This is true for any XBRL-based software application: they are purpose-independent and they can support a broad range of different processes and requirements because the necessary “logic”, which in normal, proprietary software is embedded in the code, is actually part of the XBRL taxonomy. This is how the same software application, like Project Nunavut in this case, can be used for very different purposes without changing one line of code. It is also one of the reasons why XBRL-based, and more in general standards-based, implementations are cheaper and more effective than the traditional, proprietary, code-based implementations.
Here is an example of the great flexibility of XBRL-based software and implementations. On June 25, 2012 IPHIX demonstrated to the Senate Budget Committee and the Senate Homeland Security and Governmental Affairs Committee the use of Project Nunavut to monitor the financial risk of recipients of Federal funding based on their XBRL financial statements filed to the Securities and Exchange Commission and Recovery.gov data converted to XBRL GL.
See the presentation below and try Project Nunavut for the Standards-enabled Risk Evaluation For Recipients of Federal Funds here: http://iphix.net/projectnunavut/dataact.html