“XBRL technology is becoming increasingly widespread on international stock exchanges and regulatory authorities. XBRL significantly increases the transparency of external accounting in terms of content and time. In addition, XBRL offers further potential when used within the company: The organizational risks of financial processes and data can be reduced using XBRL. Because XBRL expands the previous alternatives, to standardize processes, reduce their number and operate shared service centers”

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Source: Kesselmeyer, Corporate Governance & eXtensible Business Reporting Language – Wie die Transparenz der externen Rechnungslegung erhöht und Organisationsrisiken reduziert werden können, Zeitschrift für Corporate Governance (ZCG), Heft 3/2006, S. 111-116.