Enterprise Engineering Inc. has unveiled XBRL-based software that helps companies share information within the enterprise and also with outside entities. Called EnterpriseFTX for XBRL, the product maps data stored in separate systems and formats and makes it usable for business reporting and analysis. Specifically, it maps and converts data from proprietary formats into XBRL.

Extensible Business Reporting Language (XBRL) is a widely used format for reporting financial data. The SEC, which has been pressing for an XBRL mandate, recently launched an XBRL-based online tool that allows investors to extract, compare and analyze executive compensation for large U.S. companies. EnterpriseFTX for XBRL includes modules for regulatory reporting and for profiling and alert management, which provides automatic notification for material changes

EEI has also launched an XBRL-based analytical tool that makes it possible to compare a company's income statement, balance sheet and other financial reports to peers and industries. The tool, which is integrated with Microsoft Excel, is aimed at accountants, bankers, credit managers, financial advisers, analysts and other financial professionals.