OREANDA-NEWS. October 27, 2011. Fujitsu today announced the latest version of its market-leading XBRL software, Interstage® XWand® Version 12, worldwide.

Significant strides have been made across the globe in adoption of XBRL. This release marks the first commercial implementation of the latest updates to the Formula specification(1) and the newly released Versioning specification(2) that manages taxonomy(3) revision history information, enabling all users in the reporting chain to embrace XBRL in its full capabilities. The web-based XBRL generation will reduce the cost of data creation.

Several regulators have now adopted XBRL in one or more forms, including Inline XBRL(4). Through understanding the global operations of several of its customers and recognizing the need to adhere with reporting regulations of more than one country, Fujitsu has developed Interstage XWand v12. The Interstage XWand series has been employed by approximately 100 organizations and their systems including the TDnet system for the Tokyo Stock Exchange, as well as the EDINET(5) system for investors. Interstage XWand is currently the leader in XBRL product market share globally (according to Fujitsu's own research). The latest version of Interstage XWand provides support for XBRL and Inline XBRL, allowing users to create, validate, and analyze reports in both formats. Interstage XWand Version 12 ensures support for the needs of customers in 27 countries worldwide and across a full spectrum of users in the financial reporting market.

Fujitsu has been part of the XBRL Consortium from its inception and has actively led several initiatives within the consortium across the globe, contributing significantly in the development of the XBRL specifications. Leveraging these experiences and know-how, Fujitsu Interstage XWand will continue to conform to the most up-to-date specifications.