SUNNYVALE, Calif., July 25, 2016 /PRNewswire/ -- Fujitsu today announced that its comprehensive, market-leading XBRL software offering, FUJITSU Software Interstage XWand, is included in the SAP® BusinessObjects™ Disclosure Management application, which is available worldwide. Interstage XWand supports the efficient development and delivery of state-of-the-art, end-user-driven specific XBRL capabilities in areas such as extension, mapping, tagging, validation, generation, visualization and creation of financial statements and regulatory filings, in electronic format and in accordance with XBRL standards.
Interstage XWand is the product of pioneering efforts by Fujitsu to evolve the XBRL standard. With advanced technological capabilities, superior performance and strict standards compliance, the Fujitsu XBRL engine has been employed by financial institutions, software and service providers, regulatory organizations and companies in over 50 countries worldwide. The adoption by SAP supports the reputation of Fujitsu as a leader in this increasingly important field, as financial compliance guidelines around the world continue to grow more complex and more stringently enforced.
"Partnering with SAP to incorporate Interstage XWand into SAP BusinessObjects Disclosure Management was a natural fit from the start," said Joseph Hnilo, VP of Software at Fujitsu America, Inc. "We share with SAP the same passion – and track record – of delivering second-to-none solutions to customers in a wide variety of industries. Combining our strengths and expertise enables us to address customers' key needs in the disclosure management arena. We look forward to continuing to build on our success to provide the best-in-class solutions that help solve those needs."
"We are pleased to offer our customers the exceptional functionality of Interstage XWand, a solution that we consider to be the most complete XBRL engine on the market today," Kirk Anderson, VP product strategy, Analytics, SAP. "At SAP, our highly successful partnership with Fujitsu spans a diverse range of products, solutions and industries. That's why we have confidence in our decision to implement Interstage XWand into our disclosure management solution – a tool set trusted by customers over the world for fast financial closing, collaborative disclosure control and robust compliance."
The Interstage XWand solution gives users a number of powerful yet easy-to-use tools, enabling them to:
- Build, validate and analyze XBRL submissions for the U.S. SEC and other regulatory bodies
- Create taxonomies, extensions and instances with easy-to-use tools that support all aspects of XBRL document development and testing
- Audit the accuracy and correctness of XBRL instances and their taxonomies, including custom validation, to ensure that reports comply with internal and external rules
- Adhere to the latest XBRL standards, including iXBRL and Table Linkbase, with extensive validation and optimization capabilities
- Leverage industry established best practices for reporting such as Global Filing Manual (GFM) and more reporting regulation specific validation like EDGAR Filer Manual and European filing rule.
- FUJITSU Software Interstage XWand: http://www.fujitsu.com/global/products/software/middleware/application-infrastructure/interstage/solutions/xbrl/
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Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 156,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.7 trillion yen (US$41 billion) for the fiscal year ended March 31, 2016. For more information, please see www.fujitsu.com.
About Fujitsu Americas
Fujitsu America, Inc. is the parent and/or management company of a group of Fujitsu-owned companies operating in North, Central and South America and Caribbean, dedicated to delivering the full range of Fujitsu products, solutions and services in ICT to our customers in the Western Hemisphere. These companies are collectively referred to as Fujitsu Americas. Fujitsu enables clients to meet their business objectives through integrated offerings and solutions, including consulting, systems integration, managed services, outsourcing and cloud services for infrastructure, platforms and applications; data center and field services; and server, storage, software and mobile/tablet technologies. For more information, please visit: http://solutions.us.fujitsu.com/ and http://twitter.com/fujitsuamerica.
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SAP Forward-looking Statement
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Fujitsu America, Inc.
Fujitsu, the Fujitsu logo, Interstage, XWand, and "shaping tomorrow with you" are trademarks or registered trademarks of Fujitsu Limited in the United States and other countries. SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in the United States and other countries. XBRL is a trademark or registered trademark of XBRL International, Inc. in the United States and other countries. Twitter is a trademark or registered trademark of Twitter, Inc. in the United States and other countries. Facebook is a trademark or registered trademark of Facebook, Inc. in the United States and other countries. All other trademarks referenced herein are the property of their respective owners.
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SOURCE Fujitsu America, Inc.