Post on 21-Dec-2015
October 14, 2004 XBRL IR © Semansys Technologies 1
XBRL in XBRL in GovernmentGovernment
XBRL FinlandJune 2005
Paul SnijdersCEO Semansys TechnologiesMember of the Board XBRL in EuropeBoard member XBRL NLVice Chair Solutions Working Group
XBRL in Europe
October 14, 2004 XBRL IR © Semansys Technologies 2
AgendaAgenda
1. Background2. Project featuring:3. Solution4. New working environment5. Lessons learned
October 14, 2004 XBRL IR © Semansys Technologies 3
How do you startHow do you start
• You know the it is a professional standard• You see the benefits for preparers• And can deliver cost savings for regulators• But: • You are the only one who knows• There is no track record• The standard is still under development
October 14, 2004 XBRL IR © Semansys Technologies 4
A typical XBRL CaseA typical XBRL Case
• A small group of preparers (Water Boards)• All participants in reporting chain involved• Benefits for preparers and regulators• A showcase implementation of XBRL• Standard XBRL software utilized
The Regulator The Supplier
Honored to speak on behalf of:
The Customer
October 14, 2004 XBRL IR © Semansys Technologies 5
The backgroundThe background
• Financial situation of local government not transparent with hidden capital and unclear financial position.
• Politicians in Europe demand more control over monetary policy.
• No clear European wide reporting standard in use.
• EMU reporting (European Monetary Union) to: European Commission, European Central Bank
• New reporting requirement:• More detail, More frequent • Faster – within 30 days
October 14, 2004 XBRL IR © Semansys Technologies 6
Water Boards Water Boards
Semi government, Euro 2.5 Billion BudgetWater management, dyke control, water quality50 of 900 local government orgs in Holland
30 daysto report
External accounting rules (EMU)
GL GL
6 monthsto implement
October 14, 2004 XBRL IR © Semansys Technologies 7
Software vendorsSoftware vendors
Ministry of the InternalMinistry of the Internal
RegulatorRegulator
PreparersPreparers
Joint effort Joint effort
‘Sales’ package to regulator
Realized High level support
Software vendors adopt XBRL
Preparers and supplier compose the solution for the complete reporting chain
All local government
organizations MUST report in XBRL as from
2004.
Integrated Semansys OEM
solution
October 14, 2004 XBRL IR © Semansys Technologies 8
Project scopeProject scope
Minimal burden for preparers
Foundation for 49 other reporting tasks
Low cost, easy deployment
Showcase for 900 other organizations
Blueprint for other closed loop reporting duties
October 14, 2004 XBRL IR © Semansys Technologies 9
Project designProject design
ManagementSemansys
CustomizationSemansys
IntegrationSW vendors
ImplementationTrainingSemansys
SupervisionAssociation ofWater Boards
Regulator CBS Taxonomy Development
CommunicationReceiving processing
ReportWaterboars
October 14, 2004 XBRL IR © Semansys Technologies 10
Solution requirementsSolution requirements
Low threshold: financially, functional and
architectural
For incidental use
Flexible to additional reporting duties
Supplementary to existing applications
October 14, 2004 XBRL IR © Semansys Technologies 11
Solution outlineSolution outline
LegislationGAAPTaxonomy
SAP
Agresso
IBS
Coda
XBRL
ReceptionValidationCompliance
SupervisionRegulators
Gov’
October 14, 2004 XBRL IR © Semansys Technologies 12
New preparer environmentNew preparer environment
Walk-up user interface
1 day training on background, not application
Potentially 1 button operation
Operation steps introduced on request
October 14, 2004 XBRL IR © Semansys Technologies 13
New preparer environmentNew preparer environment
October 14, 2004 XBRL IR © Semansys Technologies 14
New preparer environmentNew preparer environment
October 14, 2004 XBRL IR © Semansys Technologies 15
New preparer environmentNew preparer environment
October 14, 2004 XBRL IR © Semansys Technologies 16
New preparer environmentNew preparer environment
October 14, 2004 XBRL IR © Semansys Technologies 17
Lessons learned - resultsLessons learned - results
Achievements:
- Highly feasible
- Keep it simple
- Do not ‘hype’ XBRL
But:
- KISS
- Align stakeholders
- Concept XBRL appealing but difficult for preparers
- Quality and support for taxonomy is vital
- Use XBRL as enabler, not solution
October 14, 2004 XBRL IR © Semansys Technologies 18
Lessons learned – Don’t…Lessons learned – Don’t…
Just don’t…
- Hard code XBRL in application
- Show XBRL to user
- Forget to loop back as processor
- Forget about taxonomy publishing procedures
October 14, 2004 XBRL IR © Semansys Technologies 19
Minister of Finance
Minister of the Internal
XBRL is government policyXBRL is government policy
Dutch AdministrationDutch Administration:
Expense reduction
through XBRL:
euro 420 million
XBRL is the most effective way to reduce administrative burden
The Queen
PM
October 14, 2004 XBRL IR © Semansys Technologies 21
External reporting in HollandExternal reporting in Holland
33 percent of the admin burden is from annual reports and tax fillings
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1. Project for reducing expenses of €3 Billion by 20081. By harmonizing and improving the business
exchange2. By using XBRL
2. Supported by the Dutch government:• Ministery of Finance• Tax authority (Belastingdienst)• Economic Affairs• Justice• Social Affairs (Sociale Zaken en
Werkgelegenheid)• Water boards (Verkeer en Waterstaat)• Environment (VROM)• And with Chamber of Commerce
3. Submitted to the EU during the Dutch Chairmanship (S2-2004)
Business first, reduce regulation!Business first, reduce regulation!
October 14, 2004 XBRL IR © Semansys Technologies 23
The futureThe future
More reporting tasks
More Water Boards
More local government (900+)
And still :
simple, easy and short delivery times
HealthHealth CitiesCities Water BoardsWater Boards
October 14, 2004 XBRL IR © Semansys Technologies 24
ConclusionsConclusions
Closed loop solution realized
Proven integral approach
No threshold for direct utilization
Standard software available
Implementation at low cost
Instant advantages for preparers and regulator
October 14, 2004 XBRL IR © Semansys Technologies 25
CREDITS
Association of Water BoardsWijnand Dekking
The usersAa en Maas
Alblasserwaard De Brielse Dijkring
De DommelGroot Salland
Hollands NoorderkwartierNoorderzijlvest
Reest en WiedenRivierenlandRijn en IjsselVallei & Eem
Velt en VechtVeluwe
Brabantse DeltaZeeuws-Vlaanderen
Zuiderzeeland
Statistics Netherlands (CBS)Gerrit de Bolster
Marko RoosDick van TongerenLéonard Haakman
LogicaCMGCorné Hordijk
Ralf van den Ham
Deloitte.Dave van den EndeRob Dubbeldeman
With special thanks to :
Minister of the InteriorMinister J. Remkes
Minister of FinanceMinister G. Zalm
Dutch AdministrationFor advancing adoption
XBRL-NLJan Pasmooij
XBRL InternationalWalter Hamscher
IBS Nederland BVJan van WijngaardenMarcel BaelemansRobert Jan Vonk
CODADavid Boot
Felix RijnierseWilfried Teunissen
Peter van AssHans van Leur
PinkRoccadeJos van Kollenburg
Koen LaurijsenFrank Kanne