Home > Fujitsu Interstage > HM Revenue & Customs Recognized Fujitsu Interstage XWand

HM Revenue & Customs Recognized Fujitsu Interstage XWand

HM Revenue & Customs (HMRC) has officially recognized Fujitsu as an iXBRL commercial software supplier.  The recognition signifies that Fujitsu Interstage XWand and the iXBRL files produced by our software have both passed the extensive and rigorous tests of the HMRC.  ISVs, filling agencies, auditors, and enterprises can now use Interstage XWand and its iXBRL technology for submitting Company Tax Return accounts in iXBRL to the HMRC with ease and confidence.  Fujitsu is listed as a recognized iXBRL solution on the HMRC website.

Comply with HMRC Mandate Challenge

HMRC has mandated that all companies (approximately 1.7 million) submit their annual tax filings in iXBRL beginning in April 2011.  The transition to iXBRL has been the source of much confusion and anxiety, with businesses unsure how to effectively estimate the efforts and costs associated with compliance.  To overcome these challenges, Interstage XWand provides the most advanced and complete XBRL solution on the market that makes creation and validation of iXBRL documents for submission to the HMRC and other regulatory bodies dramatically more efficient and cost-effective.

Market-proven XBRL Solution

Interstage XWand supports iXBRL using the same market-proven XBRL technology used by regulatory bodies, auditors, filers, analysts, and major enterprises in over 25 countries around the world.  This means that users can use the same Interstage XWand solution to create and validate the XBRL-tagged files to meet any of the current XBRL requirements around the world, whether it’s the UK HMRC, US SEC, or other regulatory agencies.  Renowned for its robustness and full adherence to the XBRL specification, Interstage XWand facilitates the integration of XBRL within financial processes, boosting the level of automation and transparency throughout the entire financial reporting cycle.

Interstage XWand is a comprehensive and integrated product suite that helps to create, test, report, collect, and analyze financial data, and offers the following key benefits:

  • Enhance Visibility into Financial Reporting
  • Comply with the Latest Regulatory Mandates
  • Eliminate Paper-based, Error-prone Reporting Processes
  • Improve Verification, Analysis, Reformatting, and Redistribution of Financial Data
  • Increase Productivity around Financial Reporting
  • Accelerate Time-to-Value of XBRL-enabled Solutions and Services.

Interstage Partner Program

To rapidly develop XBRL-enabled solutions, ISVs and service providers can leverage Interstage XWand and Partner Program to get the best and most complete XBRL and iXBRL coverage within their products. Interstage XWand provides a framework for incorporating XBRLand iXBRL into applications that can analyze, collect, compare, and disclose financial information rapidly and cost-effectively. Support for all aspects of the latest XBRL specifications ensures that solutions and service providers leverage the full power of XBRL without investing in additional resources. Interstage XWand lets developers focus on creating the best XBRL-enabled applications in the shortest amount of time and with the least amount of effort by leveraging support and services available from Interstage Partner Program.

Are you interested in learning more about how Fujitsu supports regulations by the HMRC, SEC and other agencies, or how to exploit the power of XBRL to drive business growth?  Visit Interstage XWand site.

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