Invoke Announces the Launch of XBRL Analyzer, a Next-Generation Solution for Leveraging Native XBRL Storage to Drive Cutting-Edge Data Analytics
Invoke, a premier provider of cutting-edge XBRL components and packaged reporting solutions, is pleased to announce the launch of XBRL Analyzer at the upcoming XBRL25 International Conference to be held at the Royal Park Hotel, Yokohama from 6-8 November 2012.
Paris, France, November 01, 2012 --(PR.com)-- Un-breaking the XBRL Data Management Chain
Up until now it has been difficult, even impossible, to source an end-to-end solution capable of bringing together all the elements of the XBRL data management chain, from collection through to validation, storage, rendering and re-use.
Now, not only are these core functions reunited seamlessly in the user-friendly interface of the Invoke e-Filing XBRL Portal solution, but Invoke has gone one step further. Leveraging its privileged status as an Oracle Gold Partner, Invoke has developed an innovative new feature: the result is XBRL Analyzer, a uniquely powerful Business Intelligence (BI) tool, driven by the Oracle 11G Database with XBRL Extension. Pragmatic and result-oriented, XBRL Analyzer showcases the real-life analytical potential of XBRL that, up until now, has only ever been spoken about in conditional and future terms.
"Invoke has always been a firm believer in the power of XBRL as a medium for standardizing and optimizing flows of business and regulatory information. Adoption of the XBRL standard has been somewhat hampered by the absence in the market-place of end-to-end user-oriented applications, which is why at Invoke our primary concern has always been to develop solutions to real-world problems that neutralize the complexity inherent in XBRL while harnessing the quintessential genius that lies at its foundation," says Rémi Lacour, Invoke CEO.
"XBRL Analyzer eradicates the rupture that often exists in the XBRL data management chain caused, for example, by shredding into a relational database which can cause massive integrity issues and potential loss of metadata. Using native XBRL technology, XBRL Analyzer eliminates the burden of developing and maintaining a relational data-model for storage purposes, and preserves 100% of the integrity of validated instance documents. The value-add of Invoke’s generically native approach to storage and analysis is considerable."
In the form of a flexible and user-friendly solution that generically supports the full chain of XBRL data management actions, XBRL Analyzer is the first application of its kind to release XBRL data from the technical arena and allow business end-users to regain control over their analysis needs. With XBRL Analyzer, the underlying technical sophistication of the XBRL standard is masked, and non-technical users can freely exploit and extract business-relevant information from mass volumes of XBRL data that, without analysis, would be effectively devoid of value.
"Invoke’s native XBRL technology is the fruit of over ten years’ Research & Development, with a sizeable in-house team dedicated to working full-time with the XBRL standard. Invoke continues to reinvest approximately a third of the company’s annual turnover in R&D. There is no doubt that our commitment to the XBRL standard is what has allowed us to get to where we are today, but it’s our domain expertise and our resolute approach to innovation that will keep us there," concludes Antoine Bourdais, Director of the Banking, Insurance & XBRL Division at Invoke.
About Invoke
Founded in 2001, lnvoke develops specialized software for managing financial, tax and regulatory information.
Invoke delivers cutting-edge regulatory reporting solutions and is the partner of choice for international supervisory bodies (Banque de France/ACP, Deutsche Bundesbank, etc.), for groups in the banking sector falling under the scope of both local and European regulatory imperatives (Crédit Agricole, BPCE, Dexia, Danske Bank, etc.).
Invoke is a founding member of the professional association, XBRL France, and is a direct member of the XBRL International consortium. Invoke continues to grow organically but has recently accelerated its external growth and international expansion, with the acquisition of a fully-owned subsidiary, Luxembourg-based Conceptware, which is a key actor in the Luxembourg banking sector holding a 44% market share. Invoke’s client base is today comprised of over 1,800 groups and national supervisory authorities, and the company continues to assertively pursue its development on the international front.
For more information: www.invokesoftware.com
Up until now it has been difficult, even impossible, to source an end-to-end solution capable of bringing together all the elements of the XBRL data management chain, from collection through to validation, storage, rendering and re-use.
Now, not only are these core functions reunited seamlessly in the user-friendly interface of the Invoke e-Filing XBRL Portal solution, but Invoke has gone one step further. Leveraging its privileged status as an Oracle Gold Partner, Invoke has developed an innovative new feature: the result is XBRL Analyzer, a uniquely powerful Business Intelligence (BI) tool, driven by the Oracle 11G Database with XBRL Extension. Pragmatic and result-oriented, XBRL Analyzer showcases the real-life analytical potential of XBRL that, up until now, has only ever been spoken about in conditional and future terms.
"Invoke has always been a firm believer in the power of XBRL as a medium for standardizing and optimizing flows of business and regulatory information. Adoption of the XBRL standard has been somewhat hampered by the absence in the market-place of end-to-end user-oriented applications, which is why at Invoke our primary concern has always been to develop solutions to real-world problems that neutralize the complexity inherent in XBRL while harnessing the quintessential genius that lies at its foundation," says Rémi Lacour, Invoke CEO.
"XBRL Analyzer eradicates the rupture that often exists in the XBRL data management chain caused, for example, by shredding into a relational database which can cause massive integrity issues and potential loss of metadata. Using native XBRL technology, XBRL Analyzer eliminates the burden of developing and maintaining a relational data-model for storage purposes, and preserves 100% of the integrity of validated instance documents. The value-add of Invoke’s generically native approach to storage and analysis is considerable."
In the form of a flexible and user-friendly solution that generically supports the full chain of XBRL data management actions, XBRL Analyzer is the first application of its kind to release XBRL data from the technical arena and allow business end-users to regain control over their analysis needs. With XBRL Analyzer, the underlying technical sophistication of the XBRL standard is masked, and non-technical users can freely exploit and extract business-relevant information from mass volumes of XBRL data that, without analysis, would be effectively devoid of value.
"Invoke’s native XBRL technology is the fruit of over ten years’ Research & Development, with a sizeable in-house team dedicated to working full-time with the XBRL standard. Invoke continues to reinvest approximately a third of the company’s annual turnover in R&D. There is no doubt that our commitment to the XBRL standard is what has allowed us to get to where we are today, but it’s our domain expertise and our resolute approach to innovation that will keep us there," concludes Antoine Bourdais, Director of the Banking, Insurance & XBRL Division at Invoke.
About Invoke
Founded in 2001, lnvoke develops specialized software for managing financial, tax and regulatory information.
Invoke delivers cutting-edge regulatory reporting solutions and is the partner of choice for international supervisory bodies (Banque de France/ACP, Deutsche Bundesbank, etc.), for groups in the banking sector falling under the scope of both local and European regulatory imperatives (Crédit Agricole, BPCE, Dexia, Danske Bank, etc.).
Invoke is a founding member of the professional association, XBRL France, and is a direct member of the XBRL International consortium. Invoke continues to grow organically but has recently accelerated its external growth and international expansion, with the acquisition of a fully-owned subsidiary, Luxembourg-based Conceptware, which is a key actor in the Luxembourg banking sector holding a 44% market share. Invoke’s client base is today comprised of over 1,800 groups and national supervisory authorities, and the company continues to assertively pursue its development on the international front.
For more information: www.invokesoftware.com
Contact
INVOKE
Yasmine Tebaa
33 1 42 68 85 60
http://www.invokesoftware.com
Yasmine Tebaa
33 1 42 68 85 60
http://www.invokesoftware.com
Contact
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