Semansys Technologies
Semansys Technologies is a leading vendor of software solutions for financial reporting and business monitoring based on semantics and XBRL. The company offers a uniquely comprehensive solution set that increases speed, quality and transparency in the exchange of information throughout 'the financial supply chain'. The software helps regulators reduce risks and administrative burden.
For preparers of business reports, Semansys provides easy to use and efficient reporting solutions. The products range include:
- Easy to use desktop solutions for taxonomy building, XBRL reporting and XBRL viewing.
- Semansys built the first online SaaS XBRL solution: xbrlOne. This Cloud – SaaS for XBRL solution provides taxonomy building for regulators and businesses, XBRL creation, validation for core XBRL, Formula Linkbase and Dutch banks SVR validation, XBRL rendering, inline XBRL and additionally document management, communication and archive. xbrlOne web services provides the platform for partners and regulators to support large numbers of customers and fillers.
Semansys is the main XBRL technology provider for the software. The XBRL technology from the company is used by companies around the world including; Microsoft, IBM-Cognos, Coda, Unit4Agresso, IBS, FRSGlobal, Prophix, Infine, Pro-Management, Accept, Cash, Muis, and many others using our xbrlOne SaaS platform.
The use of open standards allows users of this software to deploy innovative real time business monitoring techniques such as daily balance sheets and continuous auditing. Semansys is closely involved in the development and global adoption of XBRL and realized the world’s first implementation of this standard. Semansys is based in The Netherlands.
According to Paul Snijders, CEO, Semansys:
In the wide range of XBRL projects Semansys has been involved in, the Surfi project with FRSGlobal is one of the most interesting. Not just because reporting to central banks in the current environment is highly complex, but also because XBRL proves its added value. It delivers sophisticated reporting capabilities with ease of use and without disrupting current systems and processes. FRSGlobal’s integrated solution will deliver low cost compliance to firms adhering to the French rules and any other region’s regulatory environment. In a later stage we will see banks also as consumers of credit and loan XBRL reports from small companies.
