Convert PDF files to XBRL or iXBRL

What is for?

In countries around the world, authorities have or are in the process of mandating that company accounts and tax returns be made in XBRL (eXtensible Business Reporting Language) or iXBRL format.  This is an interactive data format type which radically changes financial and business reporting.

For example HMRC in the UK require that UK companies submit both corporation tax returns and company accounts online in iXBRL format for accounting periods ending after 31 March 2010.

However, many large and medium-sized companies, in the final stages, manually produce their company accounts using Microsoft Word, Excel or similar applications, and then output as PDF.

As a result there is a requirement to batch process such PDFs converting them into XBRL or iXBRL.  This requirement is fulfilled by Stelae's Khemeia software.

How does Khemeia work?

The software works on the principle of detecting structure and patterns that the eye sees when viewing a page - humans create documents primarily using visual logic.  Khemeia interprets this visual logic and combines this with heuristic dictionary functionality.

Convert financial accounts utilizing Khemeia™

• Automate the batch conversion of PDF and Excel files into XBRL or iXBRL
• Khemeia analyses company accounts generating XBRL validated against the GAAP schema
• Heuristic dictionary functionality matches unrecognized labels to the taxonomy
• High-productivity automated batch solution
• Automate work otherwise carried out by hand
• Reduce the need for manual verification work
• Output as XBRL, or “HMRC-ready” iXBRL
• Reduce costs and increase productivity of conversion

To learn more

To learn more about how Khemeia can be utilized for the batch conversion of financial accounts in PDF and Excel format into XBRL or iXBRL, contact us now or see us at the HMRC iXBRL Software exhibition at Chelsea Football Club on Wed 30 June 2010.