Support For XML Available
The American Institute of Certified Public Accountants (AICPA) has developed an initiative that will encourage standardized digital financial statement formats using extensible markup language (XML). The program provides a framework that will allow users to easily publish financials and reliably extract and automatically exchange data.
FRx Software Corporation, a leading provider of financial reporting and analytic applications, soon will release its product, “Vulcan,” in response to the need created by the initiative. XML takes full advantage of the Web. The language supports the complex reporting structure required for financials and allows easy transfer of data.
The software also can help get financials to clients very quickly. The efficiencies realized from systematic data generation will allow advisors to focus on value-added services.
For more information about Vulcan and other products call 1-800-379-8733 or visit FRx.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.