Transcript XBRL GL
SOA and XBRL GL: Using XBRL GL to Achieve Data integration Neal J. Hannon, CMA XBRL Editor, Strategic Finance Magazine University of Hartford Linked Applications Rule the 90’s BUT…. Companies are becoming buried in an avalanche of unstructured, undisciplined data • Service-Oriented Architecture (SOA) expresses a perspective of software architecture that defines the use of services to support the requirements of software users. • Unlike point-to-point architectures, SOAs comprise loosely coupled, highly interoperable services. These services interoperate based on a formal definition (or contract) which is independent from the underlying platform and programming language (e.g., WSDL). • “An SOA is the big picture of all the business processes and flows of a company. It means businesspeople can visualize, for the first time, how their businesses are constructed in terms of their technology.” • “An SOA is the blueprint that guides the development of the integration layer and its two major components: messaging infrastructure and services.” Source: CIO Magazine The sea-change that is now occurring is that integration has itself become the dominant The sea-change that is now occurring is that model of computing. integration has itself become the dominant model of computing. --Tim Jennings, Research Director --Tim Jennings, Research Director The Butler Group Linking Processes with Web Services: SOA The days of gigantic one size fits all program are over. System architects can seamlessly link major business processes of a company together using XML and XML technologies. XML (XBRL), SOAP, Web Services, can all be “trained” to discover applications and business processes, execute commands and apply metadata to the core business facts. What if.. Instead of applications, businesses used data as the center of their information gathering universe? Information Rich Data Meta-data Capsule Date Business Rule Check Precision Processed Business Fact Presentation Order Data type Currency Language SarbanesOxley Audit Indicator Data-Centric Enterprise Reporting Business Reporting Exception Handling Monthly reporting Data Mining Governance & Security KPI’s Sarbanes-Oxley Compliance Application Integration Layer External Auditing Internal Auditing Business Data Various formats, Structures, Platforms SOA Scorecarding Business Rules SEC Reporting XML, Web Services, XBRL-GL Continuous Audit Business Intelligence XBRL Fin. Reporting Forensic Accounting BAM Budgets Board Audit Committee Real-Time Reporting Desk-top Management Bus. Process Monitoring Drill Down Wacoal, the leader in designer intimate apparel in the United States, Japan, Asia and Europe is internationally known for the best fitting, highest quality bras in the world. After nearly two decades of success in America, Wacoal continues to offer luxurious intimate apparel made from exquisite laces, embroideries, and the finest fabrications, tailored to create the perfect fit. ■Revenue: 162.8 billion JPY ($1.4 billion) ■ Subsidiary company: 22 Affiliated company: 5 ■Employees: About 4,600 The company's history of manufacturing, technology, and expertise made the company the perfect choice for Donna Karan. Wacoal is the exclusive licensee for Donna Karan Intimates and DKNY Underwear & Intimates. HITACHI and XBRL GL: “SPEED” & “COST” WACOAL New Financial System ■Manage all financial information in whole WACOAL group ■ Integrate with many kinds of legacy systems, which run on Mainframe, Minicomputer, UNIX, or PC Servers ■ Oracle E-Business Suite as ERP WACOAL group Business Systems Purchasing Sales Materials Inventory Divisions Consolidated Companies Workflow Oracle E-Business Suite Integrate financial Information Headquarters AP EIS IR GL AR ＊「Oracle E-Business Suite」 is trademark of Oracle XBRL GL Auto Journalizing System ■ Easy integration and maintenance between Legacy systems and Oracle E-Business Suite by using XBRL GL as standardized interface ■ Translate many kinds of document data from many kinds of legacy systems, which run on Mainframe, UNIX, or PC Servers, to Financial data ■ 2 Layer structure, which consist of XBRL GL Conversion Engine and Add-on business logic, make logic addition and/or modification easy Business Systems XBRL GL Auto Journalizing Oracle E-Business Suite Purchasing Add-ons Journalizing GL Sales Wages XBRL GL Documents XBRL GL Conversion Engine XBRL GL Financial Information AP AR Additional Applications: – Insert Pilot program details here Summary – Companies are moving to SOA, treating data as the center of systems architecture – XBRL-GL is well suited for handling internal financial data in a Web Services/SOA environment XBRL GL: International Data Representations Thank You! Gracias! Neal Hannon, CMA U of Hartford [email protected]