CIO Enterprise Newsletter
 
NEWSLETTERS
 

CIO.com updates, insights and advice on technology, management and your career.

 CIO BlackBerry News and Tips
 CIO Research and Analysis
 CIO Microsoft
 CIO Insider
 
 
 
LEADERSHIP
 
CIO Executive Programs
The Leader in Face-to-Face Education for Senior Executives

Offering regional and national programs, CIO (and CSO) events bring together some of the most respected names and thought leaders in information technology and security. Presented by CIOs and other senior level executives, these invitation-only programs offer timely topics and strong networking. Learn More »

 
CIO Executive Council
A Peer-Advisory Service and Professional Association for CIOs

Webcast: In the Google Apps Cloud: How to Achieve Your Business Objectives

Dec 3rd, '09, 1 - 2 pm US/Eastern (GMT-5)

Join Council member Brent Hoag, Director, Global IT, at JohnsonDiversey, as he discusses the adoption of Google Apps which has helped meet four corporate goals; sustainability, simplification, increased employee productivity and global collaboration.

Webcast: Collaboration Initiatives: Benchmarks & Best Practices

Dec 15th, '09, 4 - 5 pm US/Eastern (GMT-5)

Join Council members Ruth Thorpe, VP & CIO at the U.S. Pharmaceutical Operations of Sanofi-Aventis, and Gary Kuyper, CIO at Bethany Christian Services, as they speak about their collaboration initiatives and experiences in how and why they chose the social networking and collaboration tools they are using and their business goals for collaboration, and facing culture change challenges.

Data Overview: Collaboration Initiatives Field Guide: Benchmarks & Best Practices

This appendix to the Council Field Guide provides an analysis which discusses benchmarks for collaboration IT implementation costs, adoption rates and payoffs. The overview identifies top IT and business goals and satisfaction rates for collaboration initiatives as well as best practices and lessons learned for implementing collaboration IT.

More / Register »

Learn more about the CIO Executive Council »



 
 
RESOURCE CENTER
 
 
 

SEC XBRL Mandate: What You Don't Know Will Hurt You

Large companies must comply with the new XBRL mandate for year-end financial reports beginning this year. Don't know what it is? The Extensible Business Reporting Language reduces internal manual processes for operations, management and financial reporting. And it reduces costs.

 

June 30, 2008CIO

There are few areas where the CIO-CFO partnership can pay off as effectively as with the implementation of the Extensible Business Reporting Language (XBRL) in reporting, risk management and compliance processes. CIOs can potentially realize enhanced process efficiencies and effectiveness, while CFOs can potentially realize speed, streamlining and flexibility of reporting functions.

The choice is whether you'll be catching up with mandated time lines and eventual peer pressure or taking advantage of a proven track record with energetic, forward-looking action targeting specific process benefits.

Complying With a Regulatory Mandate

Every public company is probably already hearing about XBRL due to the recently proposed rule by the U.S. Securities and Exchange Commission (SEC) that would mandate the use of XBRL for company reports to the capital markets. This proposal impacts the largest 500 companies for their 2008 year-end reports and all other public companies in the following two years. So CIOs and CFOs who are not familiar with XBRL will need to be soon.

However, XBRL goes beyond being a new, more useful SEC filing format. It is a key tool for reducing or eliminating the wide range of internal manual processes necessary for operations, management—and, yes, financial reporting. A few leading companies are already benefiting from reduced costs and reporting risk related to standardization and simplification with XBRL—what can it mean for your organization?

In the short term, the application of XBRL to company financial statements may not be a priority for many corporate CIOs due to the existing highly manual reporting and control processes. To put it simply: If company reports were cars, reporting processes would be classified in a "Pre-Henry Ford" era, where each report is manually assembled by highly skilled craftsmen.

Leverage Historical Examples

Manually applying tags at the very end of the supply chain is exactly what happened when bar codes (i.e., UPC) were first introduced. Grocery store managers quickly realized the benefits of standardization and pushed for earlier application in supply chain processes.

CIOs can wait for the call from the CFOs to apply XBRL earlier in the supply chain or they can proactively engage their CFOs. The opportunity exists to realize significant value by leveraging XBRL to gain control of and streamline internal processes that drive data aggregation from source applications to end reporting, and achieve compliance with the SEC mandate along the way. Here are a few examples:

 
 
Loading...
 
WHITE PAPERS

Dynamic BSM from BMC Software

Your credibility is on the line in meeting the commitments you have made in each one of these areas. Read more to find out how dynamic BSM can help.
 

Information Connect: Program Management

Oracle's Primavera enterprise project portfolio management solutions help organizations effectively and efficiently invest their funds for the good of the public.
 

What Every CIO Needs to Know About Search

Read this white paper before developing your enterprise search strategy.
 

Exchange 2007 Risks and Mitigation Strategies

This whitepaper will review the strengths of Exchange 2007 and areas where CIOs should consider third party solutions.
 

Solving On-premise Email Challenges

This white paper presents ten on-premise challenges and their on-demand services solutions.
 

Adobe for Business Process Automation

Companies must be able to react to customer demands, competitive threats, and compliance requirements.
 

WEBCASTS

Extending Client Refresh - 11 Steps to Maximize Savings

11 Steps to Maximize Savings
 

CIOs Weigh In On Virtualization

Date: November 19, 2009 Time: 2:00 PM EST

Jim Malone, Editorial Director of CXO Media's C...
 

Beyond Installing ITPM Software: How a global company reduced risk and successfully implemented ITPM

Hear directly from one of your peers who has reduced risk and successfully implemented ITPM in this Live Webcast. ...
 

IT Consolidation Made Easy

The Primary IT Initiative for Reducing Costs
 

Taking a Seat at the Executive Table: The Reality of Virtualization

This year, for the first time, the number of virtual machines is on track to exceed the number of physical machines...
 

Who Are the Data Center Leaders?

Today's data center is still very much a heterogeneous environment. Gabriel Consulting recently surveyed over 250 d...
 

Resource Alerts

Get instant email notifications by topic when white papers, webcasts, and case studies are added to our library.

 
FEATURED SPONSORS
 
 
 
SPONSORED LINKS
 

Upgrading to VMware vSphere with vWire

Maximizing website Return on Information with high-quality search

Gartner Magic Quadrant, Application Delivery Controllers 2009

Authentication as a Service by Forrester Research

Learn How Web Site Performance Impacts Shopper Behavior

Build a Foundation for Unified Communications

Removing the Barriers to IT Governance: How On-Demand Software Changes the Game

Should Your Email Live In The Cloud? A Comparative Cost Analysis

Learn about the growing threat of insider data theft.

Adobe® LiveCycle® solutions for business process automation

10 Ways Excel Drives More Value from Your SAP Investment

The Key to Proving and Improving the Value of IT to the Company

Unleash the Power of Java with Oracle JRockit Real Time

Taking the Service Desk to the Next Level

Return on Information: Google Enterprise Search pays you back. Get the facts.

VMware. The source for Business Infrastructure Virtualization.

ShoreTel tells businesses to untangle from competitors' complexity and turn to its brilliantly simple UC solution

See how AT&T can help protect your network.

Streamline IT Costs. Boost Performance with WAN Optimization.

Build your 1st app FREE with Force.com

TDWI checklist helps define data readiness for analytics. Download report.

A Clear View Toward Virtualization

Virtualization Technology as a Business Solution

The rules of infrastructure management just changed.

A Clear View Toward Virtualization

Return on Information: Google Enterprise Search pays you back

ROI of Application Delivery Controllers

Making Consumer Two-Factor Authentication Simple and Cost-Effective

Webcast: Unleashing the Power of Customer Data

Disciplined Autonomy: Resolving the Tension Between Flexibility and Control

Enterprise Capture: Your Onramp to Business Process Automation

Cloud Computing--What is its Potential Value for Your Company?

Seven Design Requirements for Web 2.0 Threat Protection

How Consumerization of IT Will Make Your Business More Productive

How does a software company save big with Green IT?

Translate business strategy into IT strategy and obtain maximum benefits.

eBook: How Can You Make Your People Productive Anywhere?

Mind the Talent Gap: Global Survey on IT and HR trends and challenges

"Enterprise-Proven" is the Prerequisite for Enterprise SaaS Portal Solutions

AT&T Synaptic Storage as a Service. Expand on demand

Trend Micro ranked #1 against real-world malware. Read more.

Webinar: Jump-start your in-house e-discovery with Ringtail QuickCull from FTI Technology

Top Five CIO Challenges

Read the RSA report: Security for Business Innovation

64-page prescriptive guide to security, compliance, and IT operations.

Increase UPS efficiency without sacrificing protection.

eZine: A Roadmap to Reducing IT Complexity

Reduce risk, gain agility. See how Progress can help your business.

Virtualization Technology as a Business Solution

eZine: A Roadmap to Reducing IT Complexity