Vivat Consulting Launches XBRL Services to Improve Business Processes

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Vivat's Seamless XBRL Implementation Delivers Competitive Advantage.

Vivat Consulting, a firm that provides technology solutions and is one of the fastest growing companies in the SOA area, announced they are launching Extensible Business Reporting Language (XBRL) services targeting Fortune 1000 companies and their divisions. Vivat is participating in the 18th XBRL International Conference (http://www.XBRL.org) October 14th to 17th to spotlight these new services.    

Standardization and clarity are becoming key issues in today's financial industries. With the emergence of new technologies for managing financial data, interaction and collaboration can present significant challenges. Companies must organize their data so that it is clear and manageable across these emerging technologies, ready for robust analysis with any number of powerful tools.

Using the latest in financial data standardization, the XBRL, Vivat can implement a comprehensive formatting scheme that will intelligently label client data, making it cleanly and completely usable in a range of powerful tools for businesses - regardless of platform or medium.

"Vivat has the ability to implement the XBRL language effectively and efficiently, while meeting all the standards of the SEC and the new financial reporting requirements," said Vadim Batushansky, CEO/CIO of Vivat. "We can create custom taxonomies tailored to company data, ensuring that each XBRL solution is a perfect fit for client needs."

Benefits of Vivat's XBRL services include:

  • A consistent format for all inbound and outbound information
  • Common data dictionary shared across agencies, institutions, and jurisdictions
  • Software capable of adjusting to constantly changing data definitions
  • Open, royalty free standard for any information platform

XBRL also allows for compliance with local and international regulations, and streamlines the organization of financial data and the communication and utilization of that data between companies, their collaborators, and stakeholders.

Vivat's information services are invaluable to businesses that collect, analyze, or transmit financial data. Expert information architects will create integrative systems for companies that utilize the most comprehensive, forward-thinking, cross-compatible techniques for ensuring all inbound and outbound data are categorized, organized, identified, and ready for use in modeling, analysis, and presentation.

About Vivat Consulting
Vivat is a professional services organization focusing on Enterprise Application Integration, Service-Oriented Architecture (SOA) and Technical Architecture of Enterprise level components to deliver superior service and cost savings to clients.

With more than 7 years of experience as the leading technology partner for Fortune 1000 companies, Vivat specializes in quickly aligning business and technical architectures - enhancing business performance and achieving sustainable ROI. http://www.vivatconsulting.com

Contact: Erin Flynn Jay or Fady Sahhar
XtraGlobex
215-772-3048/267-238-3820
erin.flynn @ xtraglobex.com/fady.sahhar @ XtraGlobex.com

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Erin Jay

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