With SavaNet's products, XBRL reports can be used as easily as a PDF, but, as an open industry-standard specifically designed for financial reports, XBRL is a much more powerful, accessible, customizable and value-added file type than a PDF:
- Publish XBRL reports using SavaNet's Intaglio directly from Microsoft Excel®.
- Distribute XBRL reports via any of the same means as a PDF or HTML versions of report: via regulators, e-mail, website, RSS, FTP or information distributors.
- Interactively read XBRL reports using the free SavaNet XBRL Reader.
- Perform professional analysis directly on XBRL reports using the SavaNet XBRL Analyst.
Investors can use XBRL to search, view and analyze specific information of interest to them and automatically export it to Excel or store it for updated analysis. In contrast, a PDF cannot be externally searched or interacted with and data must be manually extracted, resulting in limited usefulness and a short shelf life.
SavaNet's has developed an entire suite of XBRL applications and solutions for the publication, distribution, viewing, analysis, storage and automated production of XBRL reports. The product suite has been designed specifically for use by financial professionals and analysts and can be used in conjunction with existing spreadsheet and database systems. Users can pick and choose from the SavaNet product solution suite to meet their use requirements.
Each of the components of SavaNet's product solution suite can be individually used to integrate with existing systems at various points in the financial report lifecycle. For example, users may choose only to use XBRL at the beginning, end or throughout their entire financial report production, storage, distribution and analysis system.