Technological Breakthrough – XediX Presents the First 100% Native XBRL Analytics Solution

Paris, France, March 11, 2011 --(PR.com)-- All around the world, banks, stock exchanges and tax regulators are mandating the use of XBRL as a digital reporting format. However, a number of obstacles exist for users to be able to store and instantly access the reported data in a transparent manner.

XediX announces the launch of its XBRL Analytics software, including both native XBRL data storage and reporting capabilities, to transform theses obstacles into opportunities, as well as time and cost savings.

A pioneering solution

Instant Setup
· Requires no specific database schemas
· No data transformation flow
· Real time taxonomy configuration

Instant data availability
· Real time indexing of all instance documents
· Source and reference documents are synchronized and available with the XBRL data
· Add and share personal notes on business reports
· Edit and review data via a human-readable form

Instant analytics
· Real time data comparison and analysis
· Natural language browsing
· Save and share reports

Instant integration
· Easy customization display and data access
· Ease-of-integration for third-party applications

Dealing with the entire XBRL data-processing chain

“Most legacy systems require transformation of data to non XBRL based formats, depriving organizations of the expected benefits. Our native XBRL approach brings costless storage and maintenance facilities, and enables direct access to XBRL data,” says Pascal Ruby, CEO of XediX.

“We solve the same problem as the Business Intelligence tools did in the early ‘90s. It is likely that users will now be able to access XBRL data without requiring the assistance of IT specialists. Financial Data Portals, filing preparers, and corporations can maximize their business value by embedding XBRL in their process” notes Stéphane Couleaud, VP Sales of XediX.

About XediX
XediX® is a pioneer in XBRL data-mining, the technology originally having been designed by the CEA (French Atomic Energy Agency). With XediX’s unique solution, financial, public and business organizations can manage all their data, including XBRL and source documents. The XediX easy-to-use query engine empowers business intelligence portals for high performance data-mining. The innovative and integrated capabilities of the suite mean that solution vendors benefit from a unique and native XBRL storage and query platform.

XediX is an active member of XBRL Europe and XBRL International (XII).

Please visit our website at http://www.xedix.eu

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