Fast exchange and easy analysis of XBRL reporting data with axSIS

publish: 27.12.2011

Accurate information is crucial for banking sector. To analyze XBRL data from multiple entities and make comparisons among them, one needs to deal with two issues.

First of all: the data. The banking data can be gathered during regular activities such as preparing mandatory reports (COREP, FINREP or any other). XBRL reports can be imported and stored in axSIS system.

Secondly: the tool. XBRL instances are not easy to understand. axSIS presents data in tabular form and enables visual creation of analyses. Analytical reports can include arithmetical expressions, ratios or data directly from XBRL reports. In axSIS system, a once predefined analytical report can be generated many times with current data.

Picture1. Analytical report in axSIS

axSIS software facilitates a variety of processes, including the following:

one-by-one review of the reports,
analysis of a single report structure,
cross sectional concurrent analysis of values from many reports,
analysis of changing values dynamics,
composition of statistics based on data sets,
score comparison of the reports – the possibility of complex analysis of the variables.

Main advantages of choosing axSIS system:

significant reduction of work and time needed to prepare the data analyses,
use of off-the-shelf solution – implementation process reduced to installation and staff training,
presentation and analysis of XBRL reports,
possibility of free trial before purchase.