Company That Wants To Leverage Sustainable Data Internally
The same process benefits that prompt regulators worldwide to adopt data standardization apply to any other data related process, within organizations of any kind. The purpose here is not to replace existing software applications such as ERP systems or accounting and financial software. Rather, it is to bridge the gaps between those applications – commonly addressed through spreadsheets and other manual and inefficient processes – with automated and sustainable processes.
Whether your company is subject to an XBRL mandate or not, business data standardization will enable the use of inexpensive technology and methodologies for critical data related processes such as internal and external reporting, auditing, data monitoring, and business intelligence. IPHIX® specializes in enabling organizations to take ownership of their own data, minimizing costs and maximizing efficiencies in these key processes with no need to replace or re-engineer the systems in place.
Our consulting services and our solutions will support you across all project phases:
In this phase, you will explore the XBRL technology and define the requirements for its implementation in your information system. Three Easy Steps is a low flat fee package that includes all the technology and the consulting services necessary to successfully complete your first Sustainable Data project, in the form of a limited scope prototype. The prototype will show how business data standardization addresses one existing “pain point” within your organization – for example the integration of data from disparate software applications for a specific reporting or analysis purpose – and will generate immediate value for your organization by addressing that specific pain point. Another primary benefit of the prototype is that it provides a very pragmatic and effective way to train and facilitate knowledge transfer to your team, and a blueprint for broader implementation.
XKUBED is our solution to turn your data into Sustainable Data, minimizing the costs and maximizing the efficiency of the process. Its benefits include:
- Seamless integration with your internal accounting, financial and operational systems
- Ability to choose the level of granularity of the information from which the reports are generated, which enables the optimization of the report generation process
- Low impact technology that can be deployed without replacing or re-engineering existing applications
A successful implementation will provide more insight on additional processes where Sustainable Data would help. Additional Three Easy Steps projects will demonstrate how to reuse the skills and resources acquired in the pre-implementation and deployment phases, and how to apply them to other internal processes such as internal reporting, auditing, data monitoring, and business intelligence. XKUBED supports seamlessly regulatory and non-regulatory uses of XBRL and other data standardization formats.