SAP Delivers New XBRL Publishing Software for Financial and Business Data

SAP AG (NYSE:SAP) announced the availability of SAP BusinessObjects XBRL Publishing application by UBmatrix, a new eXtensible Business Reporting Language (XBRL) application that enables customers to communicate financial and business information, which is required globally by authorities like the Securities and Exchange Commission (SEC) in the U.S. and HM Revenue & Customs in the U.K. SAP BusinessObjects XBRL Publishing promotes fast and flexible compliance reporting and enables customers to leverage their existing SAP investments, including those in SAP BusinessObjects Planning and Consolidation application, SAP BusinessObjects Financial Consolidation application and SAP Business Suite software. The new application is the first in a series featuring embedded UBmatrix technology in SAP BusinessObjects applications, the result of a new partnership between the two companies. With SAP BusinessObjects XBRL Publishing, users are free from the burdens of dealing with complex XBRL syntax. Instead, the application allows users to automatically tag and easily transform this data into "XBRL instance documents" in a drag-and-drop environment. These "XBRL instance documents" are collections of code on which all reports of financial and business information are based, and are electronically filed with regulatory agencies that interpret the information. SAP BusinessObjects XBRL Publishing is flexible, allowing users to extend standard taxonomies (an agreed-upon dictionary used by XBRL to define data tags in business reports) to help differentiate themselves from competitors by providing extra information to investors. Also, integration with Microsoft Office enables business users to incorporate supplemental information from Microsoft Word documents, like the notes and disclosures to the financial statements which are required by the SEC. http://www.sap.com/