Company

Ez-XBRL Solutions, Inc. announced today that its products and services ...

Ez-XBRL Solutions, Inc. announced today that its products and services have been enhanced to enable foreign filers that use the International Financial Reporting Standard (IFRS) to file their financial statements and related disclosures with the SEC using the IFRS XBRL taxonomy. Ez-XBRL also announced the availability of Inline XBRL and support for the IFRS taxonomy in its market-leading XBRL Online Review (XOR) product

“Following the SEC announcement in March supporting the IFRS XBRL taxonomy, Ez-XBRL is pleased to announce that it is fully equipped to provide services and products that will enable foreign registrants to meet the SEC’s compliance requirements,” said Aneet Kumar, President, Ez-XBRL Solutions. "With the availability of Inline XBRL capabilities in our products, Ez-XBRL will be able to meet the new standards for structured data that enables SEC registrants to streamline their processes by providing XBRL data in a single document to enable more accurate and better quality data to be filed,” she said.

In March, 2017, the SEC published the IFRS 2016 XBRL taxonomy to enable foreign private issuers to that prepare their financial statements in accordance with IFRS to submit those reports using XBRL. Foreign filers may begin submitting their filings now and must comply with XBRL submission requirements for all financial statements with fiscal period ending on or after December 15, 2017. Ez-XBRL will shortly be announcing a series of webinars to educate registrants that use IFRS to fully understand the SEC’s XBRL requirements. The company has been providing services for IFRS-based XBRL filings in the UK for HMRC corporation tax filings since 2010.

XOR, the company’s cloud-based platform that allows collaborative reviews of XBRL and Inline XBRL documents prior to filing with the SEC now supports all available SEC XBRL taxonomies including US GAAP, IFRS, and the Risk Return taxonomy for mutual funds. With support for Inline XBRL, users now have the ability to collaboratively review XBRL documents in both the rendered format as well as Inline XBRL format.

Patent Award For Contexxia

Ez-XBRL Solutions, Inc. announced today the issuance of a third patent by the US Patent Office. This is an additional patent awarded to the company’s earlier patent for a system that facilitates associating structured content in a structured document with unstructured content in an unstructured document.

“This technology is used in our Contexxia product and represents a significant step towards utilizing structured XBRL data in association with the underlying textual document. Contexxia enables a sophisticated way to creating transparency in unstructured and structured data such as those used in SEC regulatory filings. Contexxia uses the techniques in this patent award that utilize natural language processing, semantic techniques, and XBRL data to offer a unique, holistic view to analyzing the data,” said Srinivas Murty, Vice President, Ez-XBRL Solutions.

Contexxia's use of multiple Natural Language Processing (NLP) techniques and algorithms enables the enhanced analysis of textual and XBRL content in documents and related data. “Contexxia not only leverages its three powerful views to provide transparency in SEC filings, it also enables high quality analysis with much less effort and cost,” said Mr. Murty.

A variety of users including equity research analysts, law firms, corporations, accounting firms, regulators, universities, and investigative journalists have been using Contexxia since its release in 2014.

Patent Award For Contexxia

 

Ez-XBRL Solutions, Inc. announced today the issuance of a second patent by the US Patent Office. The patent is for a system that facilitates associating structured content in a structured document with unstructured content in an unstructured document.

“This technology is used in our Contexxia product and represents a significant step towards utilizing structured XBRL data in association with the underlying textual document. Contexxia enables a sophisticated way to creating transparency in regulatory filings using natural language processing and semantic techniques”, said Srinivas Murty, Vice President, Ez-XBRL Solutions.

Contexxia's use of multiple semantic techniques and algorithms enables the enhanced analysis of textual and XBRL content in SEC filings. “Contexxia not only leverages it's three powerful views to provide transparency in SEC filings, it also enables high quality analysis with much less effort and cost,” said Mr. Murty.

A variety of users including equity research analysts, law firms, corporations, accounting firms, regulators and business journalists have been using Contexxia since its release in 2014.

Patent Award For Contexxia - Enhancing Transparency in SEC Filings

MANASSAS, VA—Ez-XBRL Solutions, Inc. announced today the issuance of a patent by the US Patent Office. This patent relates to analysis of structured and unstructured documents to determine associations between structured and unstructured content to facilitate semantic tags to be applied.

The patent for invention number 8,849,843 is for computer program and system that enables the identification of suitable semantic tags, such as XBRL concepts, members and dimensions, for a given piece of unstructured or semi-structured content.

“This patent covers the technology used in our Contexxia product and provides us the ability to automate analysis and enhance transparency in SEC filings by leveraging the natural language processing techniques described in this patent”, said Ms. Aneet Kumar, President, Ez-XBRL Solutions.

Contexxia utilizes multiple techniques and algorithms to analyze textual and XBRL content in SEC filings in order to simplify the process of researching SEC filings. “Contexxia uses three powerful views that make it easy to spot hard-to-find content in SEC filings, identifies significant events described within filings, and highlights important changes in financials”, said Ms. Kumar.

A variety of users including equity research analysts, law firms, accounting firms, regulators and journalists have been using Contexxia since its release earlier in 2014.

 

Ez-Xbrl Solutions Announces Contexxia

Unique Product to View, Analyze and Research Public Company Filings

MANASSAS, VA – October 15, 2013: Ez-XBRL Solutions, Inc., a global provider of products and services for Financial Analytics and Financial Regulatory Compliance, today released Contexxia, a revolutionary new product for analysis of regulatory filings. Contexxia provides a unique way to analyze, research and find interesting information in public company filings by leveraging Semantic Search, Natural Language Processing, a Powerful Data Model, and several other technologies.

Contexxia benefits a variety of stakeholders including investment research firms, regulators, public companies, auditors, and law firms that are seeking to analyze SEC filings to understand significant changes in content, both textual and numerical, as well as other insights into corporate filings. Contexxia helps users gain significant insights into SEC filings without requiring the immense effort involved in searching for changes in documents.

Contexxia offers multiple views of public company filings such as highlighting semantic textual changes between filings that are often very difficult to find, showing changes in numerical data by leveraging tagged XBRL data, and presenting insights into past, current and future events through its powerful Events view. Contexxia leverages these capabilities to help users quickly spot differences between two filings and identify any unique information contained in a filing. Contexxia utilizes Ez-XBRL’s patent-pending algorithms based on Natural Language Processing, a sophisticated data model, and the unique advantages of best-in-class cloud computing platforms to provide a powerful, scalable, and near real-time tool for researching public companies. Contexxia features collaboration, social sharing, reporting and data downloading. Contexxia presents an elegant, visually intuitive and powerful user interface to complement its capabilities.

"Contexxia addresses the needs of a varied audience that is seeking to do more research faster, while keeping costs down and enhancing the quality of research output” said Aneet Kumar, President of Ez-XBRL Solutions, Inc. "Contexxia enables deeper insights into public company filings and offers a variety of perspectives for its users”. Learn more by visiting http://beta.contexxia.com or by exploring its features at http://beta.contexxia.com/a/document.

 

Ez-Xbrl Solutions Announces Ez-Xbrl Version 6

Advanced automation for detailed footnotes using natural language processing and machine learning algorithms

MANASSAS, VA – JUNE 29, 2012: Ez-XBRL Solutions, Inc., a global software and solutions provider of XBRL data conversion and analytics platforms, today released the latest enhanced version 6.0 of its flagship product, Ez-XBRL.

Ez-XBRL 6.0 incorporates advanced, patent-pending technologies using Natural Language Processing and Machine Learning to significantly enhance the automation of XBRL tag selections. The new features greatly reduce the time taken to complete XBRL detailed footnote filings. Also included are major enhancements to the user interface to streamline workflow, add ease-of-use features and simplify the process of creating, reviewing and validating XBRL files. In addition to automated, predictive XBRL concept recommendations, Ez-XBRL’s new technology also provides recommendations for complex constructs such as XBRL dimensions and members.

A variety of other built-in tools enable users to take full advantage of powerful search capabilities, tag filtering, tag comparisons, and tag reviews to help users make decisions for creation of taxonomy extensions through reviews of peer company filings. Machine learning capabilities continually provide feedback to the underlying model to improve accuracy of results. A sophisticated spreadsheet output facilitates offline review and editing of mappings. This effective and elegant output aids the review process through color-coded highlighting while maintaining the look-and-feel of the SEC’s rendered output.

"Our new technologies enable more users to create SEC-compliant XBRL filings without requiring vast XBRL knowledge," said Ms. Aneet Kumar, President of Ez-XBRL Solutions, Inc. "Ez-XBRL greatly reduces the need for external reporting teams to be XBRL experts and significantly reduces the time required to complete challenging tasks such as detailed footnotes mapping and tagging."

 

Ez-Xbrl Solutions Releases Enhanced Version 3.0 Of Its Integrated Xbrl Data Conversion Platform

INCLUDES INTELLIGENT MIGRATION CAPABILITY TO 2011 US GAAP TAXONOMY Unveils New XBRL Instance Document Viewer with Unique Interface

WASHINGTON, DC – MAY 5, 2011: Ez-XBRL Solutions, LLC, a global software and solution provider of XBRL data conversion and analytics platforms, today released the latest enhanced version 3.0 of its flagship product, Ez-XBRL. Ez-XBRL 3.0 provides an automated migration path for users planning to use the US-GAAP 2011 taxonomy in preparing US SEC filings in XBRL. The new version simplifies the migration process by leveraging the software’s inbuilt mapping resources between the 2009 and 2011 taxonomies. It simplifies the process of identifying and selecting tags that have changed between the US-GAAP 2009 and new 2011 XBRL taxonomies. The latest version intelligently provides tips and suggestions to help preparers search and compare XBRL taxonomy extensions against newer elements that are now part of the 2011 XBRL taxonomy.

"The built-in intelligence powering this new capability in Ez-XBRL is quite exciting because it helps both existing and new SEC filers make the transition as smoothly and quickly as possible to the current 2011 taxonomy," said Ms. Aneet Kumar, Co-Founder & President of Ez-XBRL Solutions, LLC. "Ez-XBRL removes yet another layer of complexity involved in meeting the US SEC XBRL reporting mandates - we lower the burden on filers through the use of innovative technology."

In related news, Ez-XBRL Solutions announced the launch of its powerful new Ez-XBRL Viewer 1.0. Ez-XBRL Viewer presents not only the core XBRL rendered view, but additional details such as XBRL calculations and definitions that can be examined by users in more detail in a multipaned interface with navigation between views. The Viewer has several user-friendly features such as color highlighting of Taxonomy extensions and calculations - all available while simultaneously navigating the various sections of the XBRL instance document.

“There are several other XBRL viewers available in the marketplace, including the viewer provided by the US SEC," added Ms. Kumar. "We believe the Ez-XBRL Viewer provides significant additional information that better caters to the needs of accounting professionals and financial analysts as well as more technically savvy XBRL data users,” said Ms. Kumar.

“Our unique multi-pane interface puts the most important information at the user's fingertips without the hassle of toggling between screens or pop-up windows like other tools. Ez-XBRL Viewer is one of the most sophisticated viewers in the marketplace today."

 

Ez-XBRL Solutions Offers Seamless Support for Sage Customers

Ez-XBRL Solutions can assist Sage customers through its iXBRL Solutions to successfully meet HMRC tax returns filing mandate.

Enables iXBRL Creation Using Sage Accounts Production (SAP) Files

LONDON--(BUSINESS WIRE)--Ez-XBRL Solutions, LLC, a full service, global XBRL data conversion and analytics solutions provider, announced today that the company, through its Inline XBRL (iXBRL) Solutions, can assist Sage customers in meeting their tax return filing requirements. Sage customers can seamlessly create iXBRL with HMRC approved Ez-iXBRL tagging software by directly using Sage Accounts Production output files allowing Sage users to avoid any hasty and costly migration to other accounts packages. In addition they have a full service option in HMRC approved Ez-XBRL's managed services which again accepts Sage final accounts production files in PDF format and delivers final iXBRL accounts to file with HMRC and comply with the iXBRL filing mandate from April, 2011.

"Sage users can continue to use their systems as before," said Aneet Kumar, president of Ez-XBRL Solutions, Inc. "Sage produced accounts created in PDF or other formats can be converted into iXBRL documents for filing by using Ez-iXBRL. Our dedicated quality control and service support teams help companies through the filing process – we're there to hold their hands through what can sometimes seem uncharted territory."

Ez-iXBRL is an integrated XBRL data conversion platform in which companies can easily and seamlessly map, tag, validate and output iXBRL files that are HMRC-compliant documents. Ez-iXBRL reduces the burden on companies to output their iXBRL files through an intuitive, easy-to-use interface that also allows them to submit their electronic iXBRL files and CT-600 forms directly to HMRC.

Ez-XBRL Solutions' managed service team offers significant accounting expertise including deep knowledge of UK-GAAP and UK-IFRS staffed by Chartered Accountants, Financial Analysts and XBRL specialists. The iXBRL service provider offers high quality, accurate and timely delivery of iXBRL filings if needed by companies to quickly help them meet the HMRC mandate. The HMRC has officially approved Ez-iXBRL as a tagging software solution to prepare inline XBRL (iXBRL) company tax filings as well as a managed tagging service provider to companies in the UK.

Key Features of Ez-XBRL Offering:

  • Directly use output of Sage accounts production software products (SAP/SAPA)
  • No intermediary migration required to generate iXBRL
  • Supports multiple input document formats including PDF, Word, Excel and HTML
  • Supports both minimum as well as complete tagging set
  • Enables roll forwards for subsequent filing periods
  • Supports all taxonomies including UK-GAAP, UK-IFRS, UK Charities and Tax Computations
  • Automated conversion (after mapping) of all required data in any source document format to the HMRC-compliant Inline iXBRL for filing

 

Ez-Xbrl Solutions Officially Recognized By Uk Hmrc For Inline Xbrl (Ixbrl) Tax Filings To...

WASHINGTON, DC – October 20, 2010 - Ez-XBRL Solutions, LLC, a full service, global XBRL data conversion and analytics solutions provider, announced today that Her Majesty’s Revenue and Customs (HMRC), the tax authority in the United Kingdom, has officially recognized the company’s Ez-iXBRL as a compliant software solution to prepare Inline XBRL (iXBRL) company tax filing solutions. Ez-iXBRL was recognized after HMRC conducted rigorous testing on both the software and iXBRL output files. HMRC has recognized the solutions in two categories that relate to the company’s Ez-iXBRL product offering as well as its end-to-end managed tagging services.

UK HMRC requires all UK-based companies, including listed companies, SMEs and foreign subsidiaries operating in the UK, to file their Company Tax Returns (including annual accounts and computations) in iXBRL format with the tax authority. The requirements to file in iXBRL are effective for returns filed after April 1, 2011 for accounting periods ended on or after April 1, 2010. Companies must also make corporation tax payments electronically from April 1, 2011 onward.

“Ez-XBRL Solutions is proud to be among a select few solution providers to be recognized by UK HMRC to help UK companies meet the iXBRL regulatory filing requirements,” said Aneet Kumar, President of Ez-XBRL Solutions, LLC. “Ez-iXBRL is an integrated XBRL data conversion platform in which companies can map, tag, validate and output iXBRL and XHTML files that are HMRC-compliant documents easily and seamlessly. We reduce the burden on companies to output their iXBRL files through an intuitive, easy-to-use interface that also allows them to submit their electronic iXBRL files and CT-600 forms directly to HMRC through Ez-iXBRL. Our dedicated quality control and service support teams help companies through the filing process – we’re there to hold their hands through a sometimes overwhelming series of steps.”

Companies House jointly announced with HMRC in September 2009 that it would adopt the same iXBRL format for online submission of accounts. This means that the statutory accounts that must be prepared for company shareholders and that are also sent to HMRC as part of the Company Tax Return will also be accepted by Companies House online. Although Companies House has not yet mandated iXBRL format for such filings, it is currently accepting them on a voluntary basis.

“Ez-iXBRL is built on the same well-known XBRL standard as our flagship product, Ez-XBRL,” added Kumar. “This means that within the same Ez-XBRL platform, a user can uniquely output XBRL-tagged files to meet any of the current XBRL needs around the world, whether for the HMRC requirement or Companies House needs in the UK, the SEC requirements for US GAAP financials and detailed footnotes or mutual fund risk/return filings in the US, and others. Our principals are experts in parsing both structured and unstructured data into XML and XBRL formats, so it was a logical step for us to build a platform that gives our clients maximum flexibility in using one tool to meet multiple XBRL filing needs – no matter which XBRL taxonomy was required.”

Ez-iXBRL supports the complete set of iXBRL requirements as mandated by HMRC. It supports UK-GAAP, UK-IFRS and Computations taxonomies. “Our user-friendly method for mapping and tagging documents in multiple formats such as PDF, Word, Excel and HTML generates final instance documents that comply with the iXBRL specification as well with HMRC’s style guide and encoding standards,” added Kumar.

 

Ez-XBRL Solutions Joins XBRL USBy Ez-XBRL Solutions

Ez-XBRL Solutions announces becoming a member of XBRL US.

Ez-XBRL Solutions, a Manassas, Virginia based company is pleased to announce that it has joined XBRL US. As a member, Ez-XBRL Solutions looks forward to contributing to the development of standards and technologies for XBRL.

“We are committed to interacting with the XBRL community in the US and worldwide, and contributing to the advancement of XBRL technologies and adoption”, said Aneet Kumar, President of Ez-XBRL Solutions. “Our experience in tagging technologies and solutions across several industry verticals, as well as our knowledge of financial reporting, have helped us gain a unique perspective on the potential of XBRL”, she said. The company’s products and services provide a high level of automation and repeatability to the process of creating XBRL-based financial reports. These include support for multiple input data formats, mapping and tagging of detailed footnotes and complex multidimensional tables, roundtrip validation functionality, web-based workflow, and intelligent heuristics-based search and mapping technology.

 

Roundtrip XBRL Validation from Ez-XBRL Solutions By Ez-XBRL Solutions

Ez-XBRL Solutions provides a unique roundtrip validation feature for its XBRL solution. This enables XBRL filers to validate the accuracy of their data.

Roundtrip Validation
Ez-XBRL Solutions is announcing the availability of its XBRL Roundtrip Validation feature. Roundtrip validation enables users to be assured of the quality and accuracy of XBRL documents. Our versatile toolset helps business users do an automated comparison of XBRL instance documents with source financial documents. This facilitates a smooth process of quality assurance before XBRL filers file with the SEC. Our validation solution has been field-proven and extensively used by corporations and financial printers worldwide.

About Ez-XBRL Solutions Ez-XBRL Solutions provides products and full lifecycle services to corporations, financial printers and mutual funds to enable quick and accurate XBRL filings. With the ability to read financial data in multiple formats like Adobe PDF, Microsoft Word and Excel, Ez-XBRL Solutions offers a complete and highly automated XBRL solution. See http://www.ez-xbrl.com for more details.

 

Contexxia now available on AIREX™ Markets

Airex, Inc. is proud to announce that it is now offering the US SEC textual analysis and analytics platform, Contexxia, on the AIREX Markets. Contexxia is a product of Ez-XBRL Solutions, Inc., a global provider of products and services for Financial Analytics and Financial Regulatory Compliance.

Contexxia has revolutionized the way that analysts and investment firms read and understand SEC filings, which had previously been an extremely time consuming, arduous process of manual preparation and review. Contexxia quickly highlights and connects the dots between information in public company filings, by leveraging semantic search, natural language processing, and other proprietary technologies.

Typically, the text in long, jargon-heavy SEC documents has been a good place for companies to introduce unfavorable pieces of information, hiding them 'in plain sight'. Contexxia is focused on bringing greater transparency to SEC filings. It seems fitting that we should be offering it on the AIREX Markets, which are already democratizing so many other forms of investment insights.
Aneet Kumar, Co-Founder and President of Ez-XBRL

Contexxia allows analysts, investment research firms, hedge funds, mutual funds, and investment banks to find meaningful changes between reports, and see how changes manifest in a company’s filings over time, in a graphical, intuitive presentation format. It also allows them to share these findings and extract relevant data for further use.

We have a lot of traditional financially actionable applications, information, and reports — what we call Financial AIR™ — in the marketplaces, but we love offering new forms of research that investors might not typically think to consult. Contexxia provides clear insight into a company’s performance right at the source — their regulatory filings. We will continue to seek out offerings that provide new ways of looking at the market, to add value to investors' workflows.
Stephen Kuhn, Chief Executive Officer of Airex, Inc.

AIREX Markets, from Airex, Inc., are turnkey, curated, and co-branded cloud-based marketplaces, which allow virtually any firm to offer customers, clients, website traffic, and employees a huge array of financially actionable applications, information, and reports (Financial AIR™).

Collaboration with Jones Graduate School of Business

Contexxia announces collaboration with Jones Graduate School of Business at Rice University. Prof. K. Ramesh and his team of research scholars to leverage Contexxia's data and technology for analyzing financial reports to study the role of disclosures in capital markets.

Center for Data Innovation interview with Aneet Kumar

The Center for Data Innovation spoke with Aneet Kumar about Contexxia. Aneet talked about the information overload financial analysts face and some of the unusual insights her company’s software has turned up. Read the full interview at http://www.datainnovation.org/2014/11/5-qs-for-financial-text-analysis-expert-aneet-kumar/.

Contexxia included in OpenData500

Contexxia is pleased to be included in Open Data 500, the first comprehensive study of U.S. companies that use open government data to generate new business and develop new products and services.

The Open Data 500 is the first comprehensive study of U.S. companies that use open government data to generate new business and develop new products and services. Open Data is free, public data that can be used to launch commercial and nonprofit ventures, do research, make data-driven decisions, and solve complex problems.

Data Mining with XBRL

Financial Executives Research Foundation has included Contexxia in its research publication on software products that use XBRL data. The report highlights innovative software products that leverage XBRL data to utilize the power of standardized data formats and deliver analytics products.

Financial Executives Research Foundation is the non-profit 501(c)(3) research affiliate of Financial Executives International (FEI). FERF researchers identify key financial issues and develop impartial, timely research reports for FEI members and non-members alike, in a variety of publication formats. Please click the link to download a PDF version of the report related to Contexxia.