Unified XBRL taxonomies for 10 Colombian superintendencies, integrated with DIAN's XML reports.
Project overview
- Year of implementation: 2015 onwards
- Client / regulator: 10 Colombian Superintendencies (Companies, Financial, Solidarity Economy, etc.)
- Country: Colombia
BPENNOVA's role
Design and creation of unified XBRL taxonomies for multiple oversight bodies, integration with DIAN's existing XML reporting systems, and technical implementation with commercial and specialized support as a Fujitsu Partner for Latin America using Interstage XWand.
Results and impact
Unification of inspection, oversight and control strategies across 10 Colombian regulatory bodies. Progress toward an integrated multi-regulator electronic financial reporting ecosystem, significantly reducing the operational burden for supervised companies and improving the quality of regulatory data.
Is your organization facing a similar regulatory challenge? Talk to a specialist.
