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Items tagged with "SME"

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Big DataGranular dataReportingSME

Data Amplified 2019: Standardised Data to Transform SME Analytics

By Editor

Over the past two days Data Amplified has heard a lot about the use of XBRL for standardisation within enterprises. During the plenary Mr Xie Haibin, Deputy General Manager of Finance at PetroChina, presented on how standardised granular data has been beneficial for PetroChina. Xie demonstrated how using structured transactional data has been crucial for […]

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Business RegistryCentral BankEuropeSMESpain

Standardised Credit Scores for Spanish SMEs put into effect

By Dave Nitchman

The Bank of Spain has put into effect regulations for providing a standardised bank credit score to SMEs. The score is based on XBRL company filings from the business registrar combined with benchmark data about the performance of the relevant individual business sector from ECCBSO.

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RussiaSecuritiesSME

Using Structured Data to Meet Strategic Objectives

By Dave Nitchman

Online media portal Russia Today is reporting that the Bank of Russia is planning on simplifying procedures for the issuance of securities by SMEs, including the introduction of XBRL. The intention is to improve the bond market by cutting costs and improving the flow of information to investors. The CBRF also plans legislation changes to improve overall handling […]

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AustraliaSBRSMETax

Small Firms Benefiting from SBR

By Dave Nitchman

A guest editorial in The Age newspaper details red tape reduction efforts that will be of particular benefit to small and medium sized businesses. In addition to reducing tax filing requirements outright for almost 500.000 businesses, the article stresses the efforts of the Australian government’s use of Standard Business Reporting to reduce paperwork burdens, freeing […]

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