Most processes for financial reporting today are inefficient and expensive, primarily because they remain paper-driven. Itís a problem that plagued supply chain management for many years, and the similarities are very evident. Why not apply the lessons learned in supply chain management to streamline financial reporting?

That's exactly what TIE has done. Drawing from our experience in supply chain management, business-to-business integration, and global standardization, TIE offers a financial reporting solution that streamlines processes, eliminates paper, and provides a secure, reliable messaging infrastructure. It facilitates optimal sharing of financial information.

• Automate the handling of XBRL reports via the Internet, from preparation to transmission to processing
• Simplify data collection from different accounting systems and ensure the accuracy of management reports, financial statements, and regulatory filings
• Eliminate costly data errors and manual entry while optimizing financial data for investment analysis and re-use
• Ensure compliance with critical reporting requirements and corporate governance, including Basel II, Sarbanes Oxley, and IFRS

Find out more about TIE XBRL Solutions

Extensible business reporting language (XBRL) is the worldwide standard for the electronic exchange of financial information. In the future it will be the dominant mechanism by which companies produce and distribute financial reports and statements.

XBRL offers a number of key advantages, including:

• Assures compliance with both local and international accounting standards, lending to greater global transparency
• Makes third-party communication simpler and more efficient by publishing financial results in an easily exchanged and interpreted format
• Enables you to address errors and information gaps immediately in order to ensure highly accurate and economically sound reporting

TIE Financial Reporting solutions enable you to fully integrate XBRL into your accounting system. We provide exceptional tools to automate the reporting process: cost-effective, efficient, and most importantly, error-free. We also provide a complete system for logging and archiving your transactions, and a full-service package for implementation and support.