Bringing XBRL tagging in-house can mean significant savings

02/19/2013 |

Cloud-based service providers for eXtensible Business Reporting Language can make bringing XBRL tagging in-house easier. More companies intend to in-source this process, according to the Financial Executives Research Foundation, which says 47% of large accelerated filers are planning this for the coming year. Once the process is running smoothly, in-sourcing can save about 30%, says Bill Myers, vice president of technical accounting and reporting at Eaton.

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