The Universal Business Server(TM) for Corporate Reporting
redefines EII and business reporting by leveraging a global standard
through an exposed metadata model
UBmatrix, a leading provider of solutions based on open world standards for enabling automated business reporting and analysis, announced today Universal Business Server (UBS) for Corporate Reporting. This is the first web server solution to enable corporations with XBRL capabilities for aggregating enterprise-wide data sources for business reporting. XBRL (eXtensible Business Reporting Language) is a global standard method for preparing, publishing, exchanging, validating, and analyzing business information for internal and external reporting. This highly scalable platform increases productivity, reduces costs, increases data accuracy and accelerates the value of data.
"The UBS for Corporate Reporting is extremely timely, as enterprises are trying to keep up with new regulatory requirements such as Sarbanes-Oxley. You can be sure there will be other requirements that will come from banks, insurance companies, securities regulators, tax agencies, statistics bureaus, healthcare agencies and other state and local agencies," said George Blackstone, President and CEO of UBmatrix. "UBmatrix has been at the forefront of developing and implementing solutions that are vital in enabling organizations to streamline their business reporting processes and to deliver reliable business data for internal and external reporting."
A key capability of implementing UBS for Corporate Reporting is enabling data and workflow integration. The benefits of these capabilities go far beyond cost savings. For example:
-- Better enabling and expanding the number of report producers, and those that receive and analyze business reports
-- Getting reports out more quickly makes the data more valuable, rather than producing stale and potentially invalid data
-- Integrating data validation into the workflow eliminates data errors prior to the reports getting published
-- Streamlining report generation by using report-ability rules to automatically ensure that the department or organization reporting is using the proper report to begin with
UBS for Corporate Reporting utilizes an exposed abstraction layer, or "metadata layer" over data sources and applications, providing a common language that can be leveraged between business and IT management. This enables the ability to expedite agreement of business requirements and IT specifications across the enterprise, and externally to enable business partners, regulators and the investment community with more accurate and usable data.
The XBRL metadata layer "normalizes" data and provides a powerful capability managed by the UBS for Corporate Reporting. The benefits increase as applications and databases get integrated, as most enterprises have little knowledge of the relationships between the data in various data stores, much less those in end-user spreadsheets.
UBS for Corporate Reporting includes an extensible business reporting data management system for XBRL metadata creation, data collection, mapping to existing data and metadata, data conversion, fine-grain data validation, and report publishing and analysis. Data is tagged using XBRL's highly extensible model, and remains intact within the enterprise systems with zero data duplication. By leveraging XBRL metadata, IT staff and business analysts can quickly and easily create new applications (data views) to address business needs.
-- For the end user, UBS for Corporate Reporting delivers broader, easier access to information across data stores
-- For the developer, UBS for Corporate Reporting provides a common interface that simplifies and speeds the creation of not only data access coding, but enterprise applications, and data in general
-- To the database administrator, UBS for Corporate Reporting provides a central metadata repository that provides the understanding of how changes in one data store affect the others, and simplifies administration
Highlighted capabilities of UBS for Corporate Reporting include:
Leverage Existing Systems -- maximizes and enhances existing IT legacy systems, databases, business intelligence, data warehouse, ETL, EAI, and enterprise applications, and enables open and extensible data integration and business reporting. This global standard-based, holistic approach allows enterprises to access diverse and often incompatible data sources and applications, and integrate business intelligence and analytical tools. The end result is data integration and data integrity that is extensible, flexible, and powerful.
Drill Down Into Data Elements -- provides a data-centric method for information to be structured and have context associated so that it is easily available to anyone down to an individual fact. Data elements also include complex business rules including calculation and workflow. The business information always has the description and references required to understand the information. This is far different from document-centric reporting.
Fine Grain Data Validation -- allows users to validate data and cost-effectively and efficiently manage the business reporting processes and workflow. This helps corporations mitigate risk and improve visibility. Semantic validation enables fast, scalable data exception handling by executing rules-based comparisons between fields within a report. Syntactic validation improves data integrity, checking each data element within a business object for valid lengths, values, type, etc.
Adaptable Data Publishing -- enables business and IT management to meet the requirements of leveraging complex IT infrastructure, normalizing diverse data and providing the precise business information tailored to diverse users, both within the corporation and externally to regulators, partners, investors and customers.
Ease of Adding New Applications -- enterprises can create their own metadata extensions as XBRL is highly extensible and can be modified and extended by IT and business staff. UBS for Corporate Reporting enables business analysts to extend the business reporting functionality they depend on without necessarily requiring IT personnel to undergo custom development projects. At the same time, this capability does not directly affect the IT infrastructure. It actually frees IT resources to focus on core infrastructure initiatives. The extensible metadata model provides a major benefit as new systems, or systems that come from acquisition, can be quickly integrated into the existing XBRL-enabled enterprise.
Product Availability
The Universal Business Server for Corporate Reporting will be available Q3, 2005.
About UBmatrix
UBmatrix is a leading provider of open world standard solutions enabling automated business reporting and data integration to optimize enterprise performance. The Company's XBRL solutions help organizations improve operational efficiency, align business strategy with day-to-day execution and enhance relationships with customers and partners. UBmatrix XBRL solutions enable greater data transparency to increase an enterprises' effectiveness as they depend on timely, relevant, and reliable data.
UBmatrix has been committed to XBRL since 1998, credited as being one of the originators of XBRL, and recognized worldwide for its vision, technology and customer commitment. The company is headquartered in Kirkland Washington, with offices in Australia, Japan, Korea, and Singapore. UBmatrix can be reached at 425-285-0200, or www.ubmatrix.com.
UBmatrix, a leading provider of solutions based on open world standards for enabling automated business reporting and analysis, announced today Universal Business Server (UBS) for Corporate Reporting. This is the first web server solution to enable corporations with XBRL capabilities for aggregating enterprise-wide data sources for business reporting. XBRL (eXtensible Business Reporting Language) is a global standard method for preparing, publishing, exchanging, validating, and analyzing business information for internal and external reporting. This highly scalable platform increases productivity, reduces costs, increases data accuracy and accelerates the value of data.
"The UBS for Corporate Reporting is extremely timely, as enterprises are trying to keep up with new regulatory requirements such as Sarbanes-Oxley. You can be sure there will be other requirements that will come from banks, insurance companies, securities regulators, tax agencies, statistics bureaus, healthcare agencies and other state and local agencies," said George Blackstone, President and CEO of UBmatrix. "UBmatrix has been at the forefront of developing and implementing solutions that are vital in enabling organizations to streamline their business reporting processes and to deliver reliable business data for internal and external reporting."
A key capability of implementing UBS for Corporate Reporting is enabling data and workflow integration. The benefits of these capabilities go far beyond cost savings. For example:
-- Better enabling and expanding the number of report producers, and those that receive and analyze business reports
-- Getting reports out more quickly makes the data more valuable, rather than producing stale and potentially invalid data
-- Integrating data validation into the workflow eliminates data errors prior to the reports getting published
-- Streamlining report generation by using report-ability rules to automatically ensure that the department or organization reporting is using the proper report to begin with
UBS for Corporate Reporting utilizes an exposed abstraction layer, or "metadata layer" over data sources and applications, providing a common language that can be leveraged between business and IT management. This enables the ability to expedite agreement of business requirements and IT specifications across the enterprise, and externally to enable business partners, regulators and the investment community with more accurate and usable data.
The XBRL metadata layer "normalizes" data and provides a powerful capability managed by the UBS for Corporate Reporting. The benefits increase as applications and databases get integrated, as most enterprises have little knowledge of the relationships between the data in various data stores, much less those in end-user spreadsheets.
UBS for Corporate Reporting includes an extensible business reporting data management system for XBRL metadata creation, data collection, mapping to existing data and metadata, data conversion, fine-grain data validation, and report publishing and analysis. Data is tagged using XBRL's highly extensible model, and remains intact within the enterprise systems with zero data duplication. By leveraging XBRL metadata, IT staff and business analysts can quickly and easily create new applications (data views) to address business needs.
-- For the end user, UBS for Corporate Reporting delivers broader, easier access to information across data stores
-- For the developer, UBS for Corporate Reporting provides a common interface that simplifies and speeds the creation of not only data access coding, but enterprise applications, and data in general
-- To the database administrator, UBS for Corporate Reporting provides a central metadata repository that provides the understanding of how changes in one data store affect the others, and simplifies administration
Highlighted capabilities of UBS for Corporate Reporting include:
Leverage Existing Systems -- maximizes and enhances existing IT legacy systems, databases, business intelligence, data warehouse, ETL, EAI, and enterprise applications, and enables open and extensible data integration and business reporting. This global standard-based, holistic approach allows enterprises to access diverse and often incompatible data sources and applications, and integrate business intelligence and analytical tools. The end result is data integration and data integrity that is extensible, flexible, and powerful.
Drill Down Into Data Elements -- provides a data-centric method for information to be structured and have context associated so that it is easily available to anyone down to an individual fact. Data elements also include complex business rules including calculation and workflow. The business information always has the description and references required to understand the information. This is far different from document-centric reporting.
Fine Grain Data Validation -- allows users to validate data and cost-effectively and efficiently manage the business reporting processes and workflow. This helps corporations mitigate risk and improve visibility. Semantic validation enables fast, scalable data exception handling by executing rules-based comparisons between fields within a report. Syntactic validation improves data integrity, checking each data element within a business object for valid lengths, values, type, etc.
Adaptable Data Publishing -- enables business and IT management to meet the requirements of leveraging complex IT infrastructure, normalizing diverse data and providing the precise business information tailored to diverse users, both within the corporation and externally to regulators, partners, investors and customers.
Ease of Adding New Applications -- enterprises can create their own metadata extensions as XBRL is highly extensible and can be modified and extended by IT and business staff. UBS for Corporate Reporting enables business analysts to extend the business reporting functionality they depend on without necessarily requiring IT personnel to undergo custom development projects. At the same time, this capability does not directly affect the IT infrastructure. It actually frees IT resources to focus on core infrastructure initiatives. The extensible metadata model provides a major benefit as new systems, or systems that come from acquisition, can be quickly integrated into the existing XBRL-enabled enterprise.
Product Availability
The Universal Business Server for Corporate Reporting will be available Q3, 2005.
About UBmatrix
UBmatrix is a leading provider of open world standard solutions enabling automated business reporting and data integration to optimize enterprise performance. The Company's XBRL solutions help organizations improve operational efficiency, align business strategy with day-to-day execution and enhance relationships with customers and partners. UBmatrix XBRL solutions enable greater data transparency to increase an enterprises' effectiveness as they depend on timely, relevant, and reliable data.
UBmatrix has been committed to XBRL since 1998, credited as being one of the originators of XBRL, and recognized worldwide for its vision, technology and customer commitment. The company is headquartered in Kirkland Washington, with offices in Australia, Japan, Korea, and Singapore. UBmatrix can be reached at 425-285-0200, or www.ubmatrix.com.
© 2005 Business Wire
