XBRL Technology
Industry-leading XBRL technology
Unparalleled standardization technology developed by XBRL experts
Why did we build the XBRL Standardizer?
We believe in the original purpose of XBRL technology: to provide transparency and easy access to company financials. Unfortunately, in reality, there’s so much variation within filing practices that true comparison is nearly impossible.
We created our proprietary XBRL Standardizer to:
Enable direct comparisons across companies & fiscal periods-
Produce our own datasets instead of sourcing from a third party
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Deliver SEC filing data to users in easy-to-consume formats
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Control costs & human error by eliminating manual mapping
The XBRL data journey
Filing
Public US companies file required forms with the SEC. Intrinio primarily uses 10-Q and 10-K statements, which provide the core of our fundamentals dataset. We also gather additional data for our supplementary datasets, such as searchable XBRL notes. Every company files a little differently, leaving you with thousands of line items that don’t match up.
Standardization
We pull those forms for more than 9,000 companies and parse out information that’s relevant and useful to investors. Our XBRL Standardizer, powered by machine learning, maps those line items to standardized templates that allow for direct comparison across companies and fiscal periods.
Review
We run the standardized data through dozens of rigorous quality checks. Our infrastructure automatically flags potential discrepancies, which our team manually reviews and corrects. This allows us to maintain a high standard of quality and minimize the human error involved in traditional standardization approaches.
Delivery
The data is available to you within 10-30 minutes of a company filing a new 10-Q or 10-K. Standardized data can be accessed through any of our advanced tools, including our Web API with output in JSON and CSV, daily file downloads, and direct database access.
Put our technology to work for your business
Our XBRL Standardizer goes beyond fundamentals. We offer custom standardization for businesses that need to standardize other financial data filed in XBRL. We can also map financial statements into various formats to fit your needs. Talk to our team about custom options for your organization.
Request a Consultation.
The most trusted brands are using Intrinio data
Data Quality
Your success depends on solid, reliable financial data. Learn about our machine and human-enabled data quality process.
Data Infrastructure
We built complex infrastructure for financial data, so you don't have to. Get a peek at the mechanics behind our data.
