XBRL, as it is an electronic process, so it enables producers and consumers of financial data to switch resources away from costly manual processes, typically involving time-consuming comparison, assembly and re-entry of data.

XBRL is a flexible language, which is intended to support all current aspects of reporting in different countries and industries. Its extensible nature means that it can be adjusted to meet particular business requirements, even at the individual organization level.

The first benefit of XBRL filing is that it helps in the preparation, analysis, and communication of business information.

XBRL filing also offers cost savings, greater efficiency and improved accuracy and reliability to all those involved in supplying or using financial data.