News Column

Vizor Software Integrates the Best an XBRL Toolset Has to Offer For Better Financial Regulation

September 4, 2014



Dublin, Ireland (PRWEB) September 04, 2014

Vizor, the leading global provider of financial regulation technology, today announced research results based on data accumulated through their vast, hands-on experience working on complex XBRL integration projects with top financial regulators that show pairing Vizor Software with XBRL results in more efficient and timely reporting, as well as increased control over complete and accurate filer information.

Vizor's powerful XBRL-centric features not only automate financial data collection and validation processes but also drive engines for risk profiling, market statistics production, onsite supervision, and business intelligence reports.

Vizor's powerful XBRL-centric features not only automate financial data collection and validation processes but also drive engines for risk profiling, market statistics production, onsite supervision, and business intelligence reports.

"Not everybody understands the complexities of XBRL and shouldn't have to. We integrate the best that an XBRL toolset has to offer with our fully featured solution for financial regulation," said Conor Crowley, Managing Director for Vizor. "XBRL is better with Vizor because it's easier, faster, stronger, and more efficient."

Benefits of XBRL/Vizor Integration:

Easier

The Vizor solution requires limited XBRL knowledge on the part of the supervisor and industry: the regulator can choose to use XBRL for a subset of supervisory challenges, while the regulated institutions have the choice of filing using alternative formats where XBRL capabilities are lacking.

Faster

The Vizor approach maps an XBRL Taxonomy onto a powerful and flexible data model. This results in short implementation times; Vizor can put a fully capable XBRL solution for standardised Taxonomies (such as Solvency II or COREP/FINREP) live in a matter of months.

Stronger

In addition to XBRL's data quality measures, Vizor provides the ability to add supplementary business rules and warnings which are not provided by an XBRL Taxonomy. Vizor software also replaces inefficient XBRL rules which slow down the XBRL validation process.

Efficient and Timely

By modelling Taxonomies in advance and applying Vizor Software's workflow, the supervisor gains assistance where it matters most: efficient and timely reporting and control over complete and accurate filer information.

To schedule a live, online demonstration of these and other regulatory supervision features available with Vizor Software, visit http://www.vizorsoftware.com. To learn more, follow Vizor on LinkedIn and Twitter.

About Vizor

Since 2000 Vizor Software has been the standard for financial regulatory technology. Leading the way in regulatory supervision software, Vizor is trusted by Central Banks and Financial Regulators from around the globe for the collection and validation of highly complex data from Financial Institutions. Serving the needs of financial regulators in more than 20 countries, Vizor is a trusted partner of large consulting firms and leading XBRL toolset providers. Employing a collaborative, agile approach to implementing regulatory solutions, Vizor simplifies and strengthens financial regulation systems. You can learn more and visit Vizor at http://www.vizorsoftware.com or by following Vizor on Twitter, LinkedIn, Google+ and Pinterest.

Read the full story at http://www.prweb.com/releases/2014/09/prweb12140818.htm


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Source: PR Web


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