October 14, 2004XBRL IR © Semansys Technologies1 XBRL in Government XBRL Finland June 2005 Paul...

October 14, 2004 XBRL IR © Semansys Technologies 1

XBRL in XBRL in GovernmentGovernment

XBRL FinlandJune 2005

Paul SnijdersCEO Semansys TechnologiesMember of the Board XBRL in EuropeBoard member XBRL NLVice Chair Solutions Working Group

XBRL in Europe


AgendaAgenda

1. Background2. Project featuring:3. Solution4. New working environment5. Lessons learned


How do you startHow do you start

• You know the it is a professional standard• You see the benefits for preparers• And can deliver cost savings for regulators• But: • You are the only one who knows• There is no track record• The standard is still under development


A typical XBRL CaseA typical XBRL Case

• A small group of preparers (Water Boards)• All participants in reporting chain involved• Benefits for preparers and regulators• A showcase implementation of XBRL• Standard XBRL software utilized

The Regulator The Supplier

Honored to speak on behalf of:

The Customer


The backgroundThe background

• Financial situation of local government not transparent with hidden capital and unclear financial position.

• Politicians in Europe demand more control over monetary policy.

• No clear European wide reporting standard in use.

• EMU reporting (European Monetary Union) to: European Commission, European Central Bank

• New reporting requirement:• More detail, More frequent • Faster – within 30 days


Water Boards Water Boards

Semi government, Euro 2.5 Billion BudgetWater management, dyke control, water quality50 of 900 local government orgs in Holland

30 daysto report

External accounting rules (EMU)

GL GL

6 monthsto implement


Software vendorsSoftware vendors

Ministry of the InternalMinistry of the Internal

RegulatorRegulator

PreparersPreparers

Joint effort Joint effort

‘Sales’ package to regulator

Realized High level support

Software vendors adopt XBRL

Preparers and supplier compose the solution for the complete reporting chain

All local government

organizations MUST report in XBRL as from

2004.

Integrated Semansys OEM

solution


Project scopeProject scope

Minimal burden for preparers

Foundation for 49 other reporting tasks

Low cost, easy deployment

Showcase for 900 other organizations

Blueprint for other closed loop reporting duties


Project designProject design

ManagementSemansys

CustomizationSemansys

IntegrationSW vendors

ImplementationTrainingSemansys

SupervisionAssociation ofWater Boards

Regulator CBS Taxonomy Development

CommunicationReceiving processing

ReportWaterboars


Solution requirementsSolution requirements

Low threshold: financially, functional and

architectural

For incidental use

Flexible to additional reporting duties

Supplementary to existing applications


Solution outlineSolution outline

LegislationGAAPTaxonomy

SAP

Agresso

IBS

Coda

XBRL

ReceptionValidationCompliance

SupervisionRegulators

Gov’


New preparer environmentNew preparer environment

Walk-up user interface

1 day training on background, not application

Potentially 1 button operation

Operation steps introduced on request










Lessons learned - resultsLessons learned - results

Achievements:

- Highly feasible

- Keep it simple

- Do not ‘hype’ XBRL

But:

- KISS

- Align stakeholders

- Concept XBRL appealing but difficult for preparers

- Quality and support for taxonomy is vital

- Use XBRL as enabler, not solution


Lessons learned – Don’t…Lessons learned – Don’t…

Just don’t…

- Hard code XBRL in application

- Show XBRL to user

- Forget to loop back as processor

- Forget about taxonomy publishing procedures


Minister of Finance

Minister of the Internal

XBRL is government policyXBRL is government policy

Dutch AdministrationDutch Administration:

Expense reduction

through XBRL:

euro 420 million

XBRL is the most effective way to reduce administrative burden

The Queen

PM


€420 Millio

n


External reporting in HollandExternal reporting in Holland

33 percent of the admin burden is from annual reports and tax fillings


1. Project for reducing expenses of €3 Billion by 20081. By harmonizing and improving the business

exchange2. By using XBRL

2. Supported by the Dutch government:• Ministery of Finance• Tax authority (Belastingdienst)• Economic Affairs• Justice• Social Affairs (Sociale Zaken en

Werkgelegenheid)• Water boards (Verkeer en Waterstaat)• Environment (VROM)• And with Chamber of Commerce

3. Submitted to the EU during the Dutch Chairmanship (S2-2004)

Business first, reduce regulation!Business first, reduce regulation!


The futureThe future

More reporting tasks

More Water Boards

More local government (900+)

And still :

simple, easy and short delivery times

HealthHealth CitiesCities Water BoardsWater Boards


ConclusionsConclusions

Closed loop solution realized

Proven integral approach

No threshold for direct utilization

Standard software available

Implementation at low cost

Instant advantages for preparers and regulator


CREDITS

Association of Water BoardsWijnand Dekking

The usersAa en Maas

Alblasserwaard De Brielse Dijkring

De DommelGroot Salland

Hollands NoorderkwartierNoorderzijlvest

Reest en WiedenRivierenlandRijn en IjsselVallei & Eem

Velt en VechtVeluwe

Brabantse DeltaZeeuws-Vlaanderen

Zuiderzeeland

Statistics Netherlands (CBS)Gerrit de Bolster

Marko RoosDick van TongerenLéonard Haakman

LogicaCMGCorné Hordijk

Ralf van den Ham

Deloitte.Dave van den EndeRob Dubbeldeman

With special thanks to :

Minister of the InteriorMinister J. Remkes

Minister of FinanceMinister G. Zalm

Dutch AdministrationFor advancing adoption

XBRL-NLJan Pasmooij

XBRL InternationalWalter Hamscher

IBS Nederland BVJan van WijngaardenMarcel BaelemansRobert Jan Vonk

CODADavid Boot

Felix RijnierseWilfried Teunissen

Peter van AssHans van Leur

PinkRoccadeJos van Kollenburg

Koen LaurijsenFrank Kanne


Thank you! Thank you!

More information:

Paul Snijderswww.semansys.com

[email protected]@semansys.com

XBRL in Europe

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