Features of Unity Xtensible Financial Reporting with embedded XBRL Filing
Unity XFR is the only embedded XBRL software solution to integrate seamlessly with workflow and process management modules supporting the entire financial close process – Unity Financial Close and AssureNET GL. It offers robust document management and workflow features which leverage the power of familiar editing tools such as Microsoft Word and Excel, and supports the creation of XBRL compliant financial statements.
- Distributed Document Management Framework
- Embedded XBRL Tagging Capabilities
- Integration with External Systems and Readers
- Footnote Manager
- Disclosure Index
- Cross Check
- One-Button Statement Publisher
Distributed Document Management Framework
Unity XFR offers advanced document management features intended to save your financial reporting team time and money, including:
- Roll-forward report templates from previous period
- Document segmentation allows multiple stakeholders to work on the same document at once
- Collaboration and red-lining features leveraging the power of Microsoft Word
- Document versioning can create “snapshots” of your progress
- Disclosure formatting in XBRL, MS-Word and “Edgar ready” documents
- Export your financial data from disclosures for use in external systems
Embedded XBRL Tagging Capabilities
Unlike outsourced or bolt-on XBRL tagging products, Unity XFR allows you to tag financial data once – saving time, effort and money during the revision and republishing process as you close each quarter’s books.
- Tag your financial data once
- Embedded solution saves time and money
Integration with External Systems and Readers
Provides the ability to import financial statement data with associated XBRL tags from an external system of record. Alternatively, users may tag financial statement line items using the embedded XBRL tools (if not already tagged in source system). Unity XFR then provides the ability to prepare an XBRL-compliant instance document for review within off-the-shelf XBRL-ready viewers or Edgarizing software tools.
Footnote Manager
Automates the creation, approval, routing, management, and storage of complex footnote disclosures to ensure accurate and efficient footnote generation processes. This feature delivers the first-ever footnote system of record to unify close tasks and internal controls associated with footnote disclosures, minimizing restatements due to errors.
Disclosure Index
Provides a comprehensive summary of all critical period-end documents. Each disclosure item includes a status indicator for relevant close tasks, internal controls, and management approval.
Cross Check
Ensures quantitative (or qualitative) content included as part of a disclosure is consistent with content used within one or more disclosures.
One-Button Statement Publisher
Unity XFR automatically generates XBRL standards-compliant disclosures, producing draft 10-Ks, 10-Qs, audit committee books, and internal management reports in a variety of output formats, including XBRL, Microsoft Word. This feature automates and standardizes routine tasks during the final steps of SEC document preparation, reducing errors and delays, and enables more efficient collaboration across contributing groups such as internal audit, general counsel, investor relations, and external auditors.
Learn More About Unity Xtensible Financial Reporting:
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