June 22, 2010 – Invoke and Xedix recently made their technological partnership official during an XBRL international summit held in Rome. This partnership of two French companies at the forefront of innovation in their respective domains: Invoke, a financial reporting specialist and XediX, a pioneer in XBRL databases.
NewswireToday.com brought this to our attention in their post, “Invoke and Xedix Present the First 100% XBRL Web Platform”. The complementary strengths of these two experts combines full-web XBRL tools and input of XBRL data within a human-readable format, as well as a non-structured XBRL storage model allowing the native integration of XBRL data and the inquiry of the stored data with very fast response times.
Current storage systems first have to transform the XBRL data into a proprietary data model (which depends on the used taxonomy) for them to even be able to query the data. Invoke and XediX’s platform is capable of dealing with the entire XBRL data processing chain. Not having to adjust the database for every change in the taxonomy is impressive.
Melody K. Smith
Sponsored by Data Harmony, a unit of Access Innovations, the world leader in indexing and making content findable.