xfy Regulatory Filing Solution

JustSystems’ xfy Regulatory Filing Solution is designed for companies that are required to submit XBRL-tagged financials to XBRL-enabled regulatory bodies. The xfy Regulatory Filing Solution provides a dynamic document interface, allowing any organization to create jurisdictional-specific regulatory documents such as those for the US Securities and Exchange Commission and the Financial Services Agency of the Japanese Government.

Accountants, auditors, lawyers, CFOs, CEOs, and directors are currently filing documents in either html (web pages) or ASCII (plain text). The requirement to file in XBRL will introduce significant new requirements for filing. The xfy Regulatory Filing Solution is extremely user friendly, as the XBRL is taken care of behind the scenes. The user interface displays only the regulatory documents. The XBRL coding is done for you. This enables the user to focus on the content, not the technology.

Real-time, Dynamic and Up-To-Date Information - the Document is the Application

Do not confuse this application as simply a publishing platform – far from it! The documents within the xfy Regulatory Filing Solution are dynamic in every way. The xfy core platform behind the Regulatory Filing Solution enables all documents to pull real-time financial information from external ERP systems. The xfy Regulatory Filing Solution updates any document changes or requirements as mandated by the regulatory body. News bulletins, document submission fee rates, and related news disseminations relevant to the document being submitted are also updated and displayed in real-time. This ensures that all of the pertinent information required for filing is available dynamically in real-time.

The xfy Regulatory Filing Solution provides a collaborative workflow capability that allows filing contributors to work together on the preparation of filing documents, while maintaining an audit trail, and managing the document lifecycle from start to finish. xfy governance capabilities ensure consistent security policies are enforced and only users with appropriate permissions can access and interact with regulatory filings. Lawyers for example would be unable to alter any financial information or footnotes as this is in the realm of the accountants, CFOs, and auditors. This process guarantees a secure workflow that produces a more accurate filing for submission.

The xfy Regulatory Filing Solution allows you to generate pure XBRL documents (aka XBRL instances) for submission, while also providing the flexibility to generate PDF, Word, and HTML documents on the fly with xfy Regulatory Filing Solution’s XHTML document output feature. Other existing XBRL applications do not allow you to view your work in a clear and/or readable way. Pure XBRL is a complex array of code not meant for human consumption. Once the document is completed and all digital signatures have been inserted, simply click the submit button and the xfy Regulatory Filing Solution connects and submits your filing and logs the successful acceptance of the document within the xfy filer interface.

Key Benefits

• Eliminate re-keying of financial data - All of the XBRL content generated can be shared by any XBRL-enabled software platform.
• Collaborative production of documents - The collaborative work-flow built into the xfy Regulatory Filing Solution streamlines and speeds up the production of filings as there will never be any confusion relating to the versioning of documents.
• Permission based collaboration - Users are able to access and contribute information only if they have the correct permissions relating to their specific role and/or access level.
• Reduce financial risk and penalties - With xfy Regulatory Filing Solution, information is presented in real-time allowing for accurate, timely, comparable, and consistent regulatory filings.