Unlocking and Unifying Company Data

1. © CoreFiling
Unlocking and unifying company data
Dr Ben Russell, Head of Sales Engineering, CoreFiling
May 2016

2. © CoreFiling
CoreFiling

3. © CoreFiling
Agenda
• Freeing accounts data
– From the page
– From the computer
• Unifying accounts with other registry data
• Full Beam demonstration video

4. © CoreFiling
FREEING ACCOUNTS DATA
(PAGE-LOCKED)

5. © CoreFiling
Collect and store digital accounts data

6. © CoreFiling
An option

7. © CoreFiling
Page-locked financial statements
Inline XBRL
TAG

8. © CoreFiling
Contents of an Inline XBRL tag
Precision /
scale
12,415,000,000
Millions
Measure
Sales
revenue, net
Entity
Ford
Unit
USD
Period
1 Jan ’15 to
31 Dec ‘15
Sales
Breakdown
Financial
Services

9. © CoreFiling
Inline XBRL - tagged financial statements

10. © CoreFiling
Inline XBRL frees page-locked data

11. © CoreFiling
FREEING ACCOUNTS DATA
(COMPUTER-LOCKED)

12. © CoreFiling
Retrieve and use digital accounts data

13. © CoreFiling
An option
Data exposed through
predefined data marts
and reports
Changes to analyst’s
requirements means IT
projects
=
Computer-locked data

14. © CoreFiling
Inline XBRL frees computer-locked data
 Prebuilt data model
 Open data model
 Off the shelf software
 All data available

15. © CoreFiling
Freeing accounts data with XBRL
• Unlocked from the page
– Unambiguous and faithful representation of accounts
– Easy to collect and store
• Unlocked from the computer
– Use the documents and their data model directly
– Easy to retrieve and use

16. © CoreFiling
UNIFYING OTHER REGISTRY DATA

17. © CoreFiling
Tagged data (Inline XBRL)
Search for companies where
revenue is more than $5m.

18. © CoreFiling
Untagged data

19. © CoreFiling
Another view of accounts
Directors’ report
Auditor’s report
Primary
statements
Notes /
disclosures
Profit and loss
Balance sheet
Cash flow
Accounting policies
Intangible assets
…
Search for “Employee Benefit Trust” in
the Accounting Policies.
Search for numbers greater than
1,000,000 in the Related Party
Disclosures note.

20. © CoreFiling
One consistent model
Search for “Employee Benefit Trust” in
the accounting policies where
revenue is more than $5m.

21. © CoreFiling
Unified data Changes
between
periods
Directors’
listings
Company
information
Multiple
periods

22. © CoreFiling
Unified data
• More data made available:
– Capture all of the accounts (tagged and untagged)
– Any other company data
– Potential for derived data
• One consistent model:
– Natural searching
– Single platform

23. © CoreFiling
SUMMARY

24. © CoreFiling
Summary
Made possible by Companies House open data.
Concepts:
• Inline XBRL frees accounts data
• One consistent model unifies accounts with other data
Allows:
• Natural query and analysis
• Access to all company data all the time – for everyone
• Data-driven system (naturally increases in value as data accumulates)

25. © CoreFiling
DEMONSTRATION

26. © CoreFiling