Enabling the Seamless Audit Trail with XBRL's Global Ledger Framework (XBRL GL)
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  Said Tabet   Said Tabet
President and CEO
Inferware
 
  Eric Cohen   Eric E. Cohen
XBRL Global Technical Leader
Pricewaterhousecoopers
 


 

Tuesday, April 7, 2009
10:15 AM - 11:15 AM

Level:  Intermediate

Location:  3

ETL, MDM, data warehouses, a new ERP system - all of these are good, but none are the complete answer to today's business problems. Although each organization may speak its own language, there is much more in common that we may think - so why do we spend so much time creating one-off solutions instead of collaboratively developing ,agreeing on and leveraging standardized models that can make sharing data, processes, and rules - the lifeblood of the organization - more efficient? This talk will introduce you to the challenges around enterprise data and metadata in ERP systems. We argue that XBRL's Global Ledger Framework (XBRL GL) - a generic and holistic representation of information represented in ERP systems, from first transaction to end report - will provide a solution to the problem. In addition, we will discuss the current ongoing activities around a Model Driven Approach (MDA) that will result in a UML Profile for XBRL GL. This will enable reusability within and between enterprises and will facilitate the reuse of XBRL GL information via a multitude of modeling tools. In this session you will learn:
• The business and technical barriers causing information friction, increasing risk and inflating costs
• About global efforts to develop metamodels of ERP data, including XBRL GL, designed to overcome those barriers and promoting increased agility and efficiency
• How such models can be used for definition, integration that meets multiple needs (including consolidation, feeding Business Intelligence, providing standard import and export to Data Warehouses), archival, and other uses
• The role of UML and the Model Driven Approach in communicating these models using a formal and standardized format
• How you can be engaged and incorporate these standards into your practice of managing data and information to support your business strategies


Said Tabet is a dedicated member of the standards community involved in software initiatives worldwide, collaborating with large and small companies. Said is the Chief Architect for the OMG GRID Project and co-Chairman of the Regulatory Compliance group. He is the co-founder of the RuleML Initiative and founder of Inferware, a software and services company focused on business policy management tools, training, and methodologies. Said has been involved in the development of Business and Enterprise Architectures, Rule-based IT systems for close to two decades with domains of application including risk and compliance, accounting and financial reporting using XBRL, trading platforms, mortgage and insurance systems, eGovernment, healthcare, and others. Said has been working more recently on Model Driven (MDA) XBRL and XBRL GL to deliver a standards-based modeling capability using popular enterprise IT development tools. Said is a regular speaker and panelist at academic and industry conferences and workshops worldwide.

Eric E. Cohen is one of the original founders of XBRL, and the originator and chief architect of XBRL's Global Ledger Framework (XBRL GL). A past chair of XBRL US and of many working groups within XBRL, he has also served as a liaison between XBRL and other governmental and standards organizations, including OASIS, OMG, W3C, the Standard Business Reporting Forum and OECD. Mr. Cohen is a prolific author and speaker, having written or contributed to numerous books and hundreds of articles for the business and professional press and having lectured and trained on XBRL and other accounting technology topics around the world. Mr. Cohen is the XBRL Global Technical Leader for PricewaterhouseCoopers. He received his MBA in Public Accounting and Marketing from the Simon School of Management (Rochester, NY). He is a member of the AICPA and the NYSSCPA.


   
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