Fujitsu 4th Annual European Interstage XWand Users’ Meeting

Posted on May 4, 2019 by Paul Warren

Contributed by Slawomir Skrzypek, Business Development Director EMEA Center of Excellence for FUJITSU XBRL solutions.

Fujitsu, a Direct Member and Sustaining Partner of XBRL International, ran its 4th European Annual Interstage XWand Users’ Meeting in Malaga, Spain, on April 12th

The meeting was attended by representatives of European National Competent Authorities (NCAs), Officially Appointed Mechanism (OAMs) filers/issuers, software vendors, and software integrators from over 20 countries.

Attendees had a chance to share their experiences with XBRL technology adoption and accompanying system implementations.  It was also a great opportunity for parties who are just starting either their XBRL or Inline XBRL journey to meet with subject matter experts and learn how to avoid common risks and make projects successful from day one.

In the first session, Fujitsu team members provided an update on the latest implementations results, vision and development plans for Fujitsu XBRL products.

In the next session Anna Sciortino from ESMA and Paul Warren from XBRL International shared information on current and future activities relating to European Single Electronic Filing (ESEF), Inline XBRL and the XBRL Open Information Model.

The quality of the XBRL data in the repository is vital for effective data processing and analysis. That’s why one session was devotedto issues about quality assurance of XBRL data and how to unlock the value of XBRL data using Fujitsu tools.

European regulators presented numerous case studies during the last sessions, showing proof of the benefits of XBRL implementation for various type of reporting, including financial, supervisory and within SBR programmes.

It was also a great opportunity for all to network and exchange best practices.

Once again, Fujitsu would like to express sincere gratitude and appreciation to all of the guest speakers and participants for their invaluable contributions in making this meeting a great success. See you next year!