The partnership with IBM provides a unique market offering to customers seeking to deploy enterprise-class, scalable XBRL applications
Kirkland, WA (PRWEB) December 5, 2006
UBmatrix™ today announced plans to offer support for native storage of eXtensible Business Reporting Language (XBRL) within IBM DB2 9 databases for the upcoming release of UBmatrix™ Enterprise Application Suite version 3.0. The initiative extends DB2's PureXML® data serving capabilities and optimizes them for use by UBmatrix™ Enterprise Application Suite, an XBRL-enabled taxonomy and reporting management platform. Both enterprises and regulators using XBRL will see enterprise-class storage and scalability benefits.
The key innovation comes from enabling DB2 9 "Viper" data server with the ability to store both the XBRL metadata and report submissions (instance documents) natively in the data server, allowing operational and business intelligence applications to interact using standard SQL or XQuery. Without support of an XML database organizations must decompose the XBRL data into relational tables. The result is unnecessary and redundant copies of both data and programs used to transform incoming information into various systems.
"Whether you're a government entity collecting information to oversee an industry, or simply a large corporation consolidating financial and other information from your subsidiaries, the last thing you want to do is duplicate or shred the data into other storage formats," commented Bernie Spang, Director data servers at IBM.
"The partnership with IBM provides a unique market offering to customers seeking to deploy enterprise-class, scalable XBRL applications," remarked Sunir Kapoor, President and CEO of UBmatrix. "This is a key milestone highlighting the benefits of XBRL for processing and storing all types of information and enabling XBRL data to leverage the existing software infrastructure deployed in enterprises of all sizes."
A common use of XBRL is in the collection of financial and other compliance reports by government regulators. In this example a regulator will typically store a copy of the submitted report (the "as filed" copy) in a document management system and then extract the submitted data into systems for examination and analysis. This duplication has been necessary since data from the "as filed" documents cannot be addressed by the database, even when submitted using XML. The combination of the XBRL metadata (or taxonomy) and XBRL submission documents gives DB2 9 the information it needs to query information right from the source.
"Our customers are latching onto XBRL because the data is much smarter and of a higher quality," commented Joe Pistritto, Vice President of Product Development for UBmatrix. "The UBmatrix and DB2 teams have been very enthusiastic about supporting XBRL at the database level. The ability to offer our solution on DB2 9 adds the enterprise scalability and operational efficiencies customers look for."
In addition to improved performance managing XBRL formulas and dimensions, also included in the upcoming release of UBmatrix Enterprise Application Suite are improved features for organizations managing XBRL-based reporting. The first includes enhancements to the discussion threads feature allowing comments to be tracked at the taxonomy element level. This aids design teams by documenting issues and enhancement requests specifically in the taxonomy where the changes are intended to be made. Users can search for comments globally or zero-in on the topics they need to research.
The other key enhancements in version 3.0 of UBmatrix Enterprise Application Suite are the improved reporting controls. New to version 3.0 is more flexible control over reportability rules. Using the data-driven panel. report administrators can specify rules that govern who is required to report and what information is being requested. Segment reporting by geography, report type, or submitter characteristics like company size, type, fiscal period, and more.
Version 3.0 of UBmatrix Enterprise Application Suite has been tailored to the needs of large regulators and enterprises collecting XBRL-based reports. For more information about UBmatrix reporting solutions, please visit us at http://www.ubmatrix.com.
XBRL stands for "Extensible Business Reporting Language". XBRL is an international standard created by XBRL International, a consortium with hundreds of members worldwide, representing public and private companies, governmental and regulatory agencies. UBmatrix is a founding member of the organization and continues to provide technical, academic and organizational leadership. See http://www.xbrl.org for additional information.
UBmatrix provides technology solutions for making data portable. Offered both as licensed software and on-demand via the Internet, UBmatrix solutions help automate the process of exchanging information using eXtensible Business Reporting Language (XBRL), the next evolutionary stage of XML. Using our platform, organizations can move data freely among applications within an enterprise, between business partners, and to regulators without losing the semantic meaning of the data. Benefits include increased operational and financial transparency, cost savings in sharing data both inside and outside the organization, and greater confidence in reporting accuracy and regulatory compliance.
Visit UBmatrix at http://www.ubmatrix.com.
UBmatrix and xBReeze are trademarks of UBmatrix, Inc. US Patent No 6,947,947 B2 and other patents pending.
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