SAP Plays the Data Tagging Game - - CFO.com

The following is an announcement from SAP. it's good to see the major software vendors jumping on the bandwagon:

SAP Plays the Data Tagging Game CFO, USA - 02/20/2009 A week after the SEC's mandate that the 500 largest public companies start to file their financial results using the interactive data tagging language known as XBRL this year, software vendor SAP launched "XBRLPublisher," a new application created in partnership with XBRL software provider UBMatrix. The offering allows users of SAP applications to tag financial reporting data aligned with taxonomies for U.S. GAAP and HMRevenue & Customs in the U.K. Coming so shortly after the SEC finally took the long-expected step of making XBRL, the new SAP offering shows that software vendors, like many of their corporate customers, have been preparing for XBRL for some time, but waiting for a mandate beforemaking a serious commitment. That's not to say, however, that this isthe first XBRL brought to market by software vendors - or, for that matter, from SAP. "SAP already had a relatively primitive XBRL tagging tool included in their ERP system," recalls Robert Kugel, senior VP and research director of Ventana Research, a business and technology research firm. "You can't blame software vendors for [waiting] like this because for a decade XBRL was considered the next big thing." "SAP is just the first step of what's going to be a much more extensive set of capabilities that [vendors] will offer as requirements for the U.S.filers expand," says Kugel. "They'll have more capabilities down the road too.".... Click here for CFO, USA >>
SAP Plays the Data Tagging Game - - CFO.com