unlocking and unifying company data

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Unlocking and unifying company data

Dr Ben Russell, Head of Sales Engineering, CoreFiling

May 2016

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CoreFiling

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Agenda

• Freeing accounts data– From the page

– From the computer

• Unifying accounts with other registry data

• Full Beam demonstration video

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FREEING ACCOUNTS DATA(PAGE-LOCKED)

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Collect and store digital accounts data

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An option

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Page-locked financial statements

Inline XBRL TAG

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Contents of an Inline XBRL tag

Precision / scale

12,415,000,000

Millions

Measure

Sales

revenue, net

Entity

FordUnit

USD

Period

1 Jan ’15 to

31 Dec ‘15

Sales Breakdown

Financial

Services

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Inline XBRL - tagged financial statements

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Inline XBRL frees page-locked data

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FREEING ACCOUNTS DATA(COMPUTER-LOCKED)

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Retrieve and use digital accounts data

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An option

Data exposed through predefined data marts and reports

Changes to analyst’s requirements means IT projects

=

Computer-locked data

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Inline XBRL frees computer-locked data

Prebuilt data model Open data model Off the shelf software All data available

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Freeing accounts data with XBRL

• Unlocked from the page– Unambiguous and faithful representation of accounts

– Easy to collect and store

• Unlocked from the computer– Use the documents and their data model directly

– Easy to retrieve and use

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UNIFYING OTHER REGISTRY DATA

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Tagged data (Inline XBRL)

Search for companies whererevenue is more than $5m.

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Another view of accounts

Directors’ report

Auditor’s report

Primary statements

Notes / disclosures

Profit and loss

Balance sheet

Cash flow

Accounting policies

Intangible assets

…

Search for “Employee Benefit Trust” in the Accounting Policies.

Search for numbers greater than 1,000,000 in the Related PartyDisclosures note.

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One consistent model

Search for “Employee Benefit Trust” in the accounting policies whererevenue is more than $5m.

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Unified data

• More data made available:– Capture all of the accounts (tagged and untagged)– Any other company data– Potential for derived data

• One consistent model:– Natural searching– Single platform

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SummaryMade possible by Companies House open data.

Concepts:• Inline XBRL frees accounts data• One consistent model unifies accounts with other data

Allows:• Natural query and analysis• Access to all company data all the time – for everyone• Data-driven system (naturally increases in value as data accumulates)

unlocking and unifying company data

Government & Nonprofit