The automation that can be implemented with BIL-X makes it possible to speed up the preparation of documents for financial statement disclosure. Not only the balance sheet, the memorandum accounts and the income statement but also all the tables in the explanatory notes with the relative comments and the management report. Texts, values and tables are combined together to produce the various documents and integrate them into a single budget book, with:
- data integration with any administrative system
- verification of the congruity of the values
- automation of distributed financial statements
- use of standard and open technologies not subject to costs
- all the definitions and reports of the Italian XBRL taxonomy of data presentation
- individual and consolidated financial statement disclosure
- all the financial communication documents
- use of XBRL to eliminate errors and costs from manual activities
- interactive mapping environment
- speed, reliability and less chance of error
- management in Word, Excel, PDF, Adobe InDesign, etc.
These and many other advantages for the internal needs of those who must periodically produce their financial statements.