Hitachi America Ltd. XBRL Business Unit announced the launch of its Xinba 2.0 Reader and Analyzer, a desktop-based Microsoft Excel add-in that gives users the capability to import, open and manipulate Extensible Business Reporting Language directly in the program.XBRL is a technology that tags financial information through disparate applications and carries it through the business reporting chain. Software that can actually manipulate the data into usable form is only just beginning to be introduced on a broad base.
Xinba can store the information locally, over a network or anywhere on the Internet and supports a number of Web services that allow end users to send requests and receive data provided by third-party data vendors Xinba also supports both GAAP and IFRS taxonomies.
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