Automatic Data Retrieval Process: How to retrieve data from financial document to XBRL filing using Evolutionary Tagger. The process is fully automatic.
Yes, it's easy, but this is a very short-sighted approach to XBRL. If you tag the data in a filing at the END of the process, you've just simplified preparing a report, when the real value of XBRL is to tag data THE FIRST TIME it is entered: then it can flow automatically everywhere it could be used. Sadly, XBRL has been pigeonholed as a regulatory compliance tool, not a strategic advantage.
Yes, it's easy, but this is a very short-sighted approach to XBRL. If you tag the data in a filing at the END of the process, you've just simplified preparing a report, when the real value of XBRL is to tag data THE FIRST TIME it is entered: then it can flow automatically everywhere it could be used. Sadly, XBRL has been pigeonholed as a regulatory compliance tool, not a strategic advantage.
WDavidStephenson 1 year ago