The SEC, in an important announcement, has announced that it is going to offer incentives for companies to participate in its voluntary program for filing in XBRL. The SEC has been very much behind promoting the use of XBRL for filing purposes, in order to streamline its processing capabilities. However, the numbers of companies participating so far has been quite small. This move is intended to encourage more filings. Recently, the SEC also urged software companies to improve their XBRL related products to make it easier for companies to generate XBRL documents. SEC Offers Incentives for Companies to File Financial Reports with Interactive Data; Press Release 2006-7; January 11, 2006