XBRL or eXtensible Business Reporting Language is an open standard for exchanging business information via the internet. Such information may for example include financial data, but may also comprise information regarding indicators that measure the social responsibility of an organisation for example.
Because XBRL files can be directly read into software applications, this signifies an enormous cost-saving when it comes to collecting and processing business information. Facetbase processes XBRL data and creates graphic reports that can be displayed in your online annual report. This enhances your online annual report.