SpiderMonkey Captures the Business Reporting Zeitgeist: True Collaboration

CoreFiling, the leading XBRL (eXtensible Business Reporting
Language) software vendor, last week captured the mood of the
Interactive Data conference in Vancouver.

Don Tapscott, the author of "Wikinomics" addressed the
International XBRL conference in Vancouver last Monday, describing
collaboration as a profoundly important development in the way we
work. He pointed out that the rapid emergence of XBRL documents would
create huge opportunities for companies and their stakeholders to
collaborate, describing XBRL reports as truly interactive
applications. In his speech he described the manner in which the
recently released US GAAP taxonomy had been developed collaboratively
using SpiderMonkey.

SpiderMonkey, CoreFiling´s enterprise taxonomy development
platform has enabled collaboration across the many accounting experts
that have been working on the creation of the XBRL-US GAAP taxonomy
and it is facilitating the co-operative work of the three leading
agencies working on the Dutch Government´s National Taxonomy Project.
XBRL taxonomies are dictionaries of terms used to define business
reports and are the foundation of business reporting for interactive
data. With SpiderMonkey, users can concurrently define individual
reporting concepts, as well as the complex web of relationships
between concepts that make up a typical financial report. XBRL
Taxonomies provide a single, authoritative set of definitions for use
by report preparers as well as analysts and other consumers of this
type of information.

The CEO of XBRL US, Mr. Mark Bolgiano, in a separate speech at the
opening day of the conference, said "SpiderMonkey sits at the heart of
our taxonomy development and maintenance workbench. It allowed
accountants and technologists - often as many as 40 - to work on the
same taxonomy simultaneously. It makes the difficult task of modeling
the XBRL US-GAAP Taxonomies possible". He went on to say that
CoreFiling staff had not only provided excellent technical support for
the SpiderMonkey product, but technology leadership in the critical
testing stage of the project, characterizing the skills and commitment
of the CoreFiling support and consultancy teams as "exemplary".

CoreFiling CEO John Turner thanked the Interactive Data community
for their support and announced that a new version of the application,
with complete coverage of the XBRL Dimensions specification was now
available for download.

About CoreFiling

CoreFiling is a joint venture formed by Business Wire, a Berkshire
Hathaway Company, the global leader in financial news distribution,
and UK-based DecisionSoft, the world´s premier XBRL components vendor.
CoreFiling provides XBRL consulting services, as well as a range of
products and services that make powerful reporting simple. It serves
filers, regulators, exchanges and the financial community.
SpiderMonkey, the leading XBRL taxonomy development tool is available
in a number of configurations. A free, fully operational single user
version of the tool is available at the company web site,
www.corefiling.com.