Then you need to consider the advantages that XBRL based data collection can provide. CoreFiling is a world leader in the XBRL community, supporting the efforts of clients right around the world to make better decisions on the basis of better information.
MantaRay lets regulators design, control, rollout and maintain XBRL-backed data collection systems.
Modern regulatory data collection projects, be they tax, prudential, securities, statistical or corporate registrars need to make sure that they can leverage XBRL and iXBRL.
MantaRay allows the design and deployment of XBRL capable forms from inside the familiar environment of Excel. The MantaRay offering allows a range of complex forms to be managed, including sophisticated bank and insurance data collection requirements such as Basel II and Solvency II.
MantaRay has been designed to allow end users to complete forms that need to be provided to regulators, suppliers, group headquarters or similar consumers of large quantities of performance information in a way that most business professionals find to be extremely straightforward.
Most regulatory XBRL projects have a requirement for a human-accessible form interface, in addition to a system-to-system XBRL channel. MantaRay's native support for XBRL allows the rapid deployment of intuitive Excel forms, built directly from the same XBRL taxonomy used to define the system-to-system XBRL channel.
Regulators and other users of large quantities of data can use MantaRay to design complex forms, including:
MantaRay is a CoreFiling component that comprises sophisticated server-side processing and separate design-time and run-time Excel plug-ins. It can be deployed as part of a regulatory data collection solution designed by CoreFiling or any of our systems integration partners
The graphic below is a screenshot from the Design Time plug-in. Users build a form that meets their needs and then associate XBRL metadata with each aspect of the form.
With MantaRay business users can manage form design. They can benefit from the network effect of XBRL compliant reporting software that will facilitate direct filing. They can control content, quality and timeliness with business rules. And they can manage respondent burden with clear processes and transparent decision-making.
In moving to an XBRL-based reporting system, regulators are able to finely control the process by which the data is accepted, rejected or flagged for further investigation. CoreFiling's Sphinx™ rules engine empowers regulators to design and maintain rules and is in use in a number of highly successful regulatory environments already. Please see our Sphinx™page for more information.
For more information about CoreFiling's MantaRay forms platform, please contact us today.