At a glance: The Deeply Embedded XBRL Toolkit (DEXT) is the cornerstone of our offering. Its two components – Wiki Systems (WIKSYS) and XBRL Systems (XSYSTS) — provide a collaborative environment to create the libraries of standardized mappings and business rules necessary to deploy XBRL internally and the user interfaces and processors to use those libraries with your data.
The effort involved in the creation of the required standardized mappings and business rules is significant. This is why a public version of WIKSYS has been made available to the global community to crowd-source that effort. Those knowledge bases have been created and reviewed by a community of experts, and they are free to use – you can choose to use the public WIKSYS directly, or to install a local version of WIKSYS in your environment.
Three Easy Steps is a simple, proven methodology to deploy DEXT in your own environment. It includes all the tools, the services and the artifacts necessary to successfully complete the first deeply embedded XBRL pilot at a low, pre-defined cost. At the end, not only you will have a working implementation that delivers value for your specific needs – your team will also have acquired all the expertise necessary to expand the scope of internal XBRL application and to find more ways to reduce costs and increase efficiencies.
Typically, even though not always, a deeply embedded XBRL implementation requires the creation and the maintenance of custom XBRL taxonomies for summarized reporting — such as management reports, executive dashboards, etc. We developed the XBRL Taxonomy Management System (XTMS) to create XBRL taxonomies for our clients, based on the deep insight and experience in taxonomy creation accumulated in many years of consulting for major global XBRL projects.
Once XBRL is deeply embedded in your information system and your data is standardized, not only your current processes are more efficient – you can also apply new, innovative ways to access your data. Project Nunavut is one example of what is possible: use Google Enterprise Search to search your internal data – single document, entries, sub-ledgers, ledgers, journal, trial balance, end reports – using the familiar Google search engine and user interface. It does not matter in what systems, or in how many different systems, the information is stored or resides in – with the Project Nunavut Google OneBox Module you can access, visualize and analyze it using the same user interface, the same visualization templates and the same dashboard components.