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News >> Technology >>
Satyam first Indian firm to join XBRL consortium
By agencies
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Tuesday, 10 May 2005, 19:30 IST
HYDERABAD:IndiaÂ’s fourth largest software exporter by sales Satyam Computer Services Ltd. has announced that it has become IndiaÂ’s first direct participant member at the eXentible Business Reporting Language (XBRL). International, a non-profit consortium whose members include about 300 leading global organizations.
As a direct participant member of the consortium, the company will work together with other consortium members to promote the adoption of XBRL. XBRL is a standard designed to eliminate the constraints of incompatible formats and vocabularies and to use recent trends in technology to enhance business reporting.
It is based on extensible mark-up language and takes advantage of its ability to create self-describing data. Satyam will provide leadership in the area of financial reporting, which is a part of all major compliance and regulatory requirement.