The client realised that iXBRL is going to be an annual requirement, and were looking for a long-term cost effective solution.
Although initially put off by the choice and cost of software solutions, they decided to try and bring it in-house.
We helped by providing the iXBRL services in the first year as they weren’t ready to buy any software in time for the filing deadline.
In year 2 they chose the software they wished to use and we went in and helped them and showed them how to tag and how to produce their own files for submission.
In year 3 they made the decision that due to the new reporting standards changing it would be more cost-effective to outsource it to us again as there was an increased number of tags and the time it would take meant it was easier to send it to us.