Financial and Accounting
Reliable financial forecasting requires accurate information about corporate expenditures and income. One of the earliest XML applications was the Microsoft BizTalk language, geared toward automating financial systems and business-to-business transactions. Planning the migration to online record keeping with XML should be on every CFO's to do list.
Emerging standards such as the Extensible Business Reporting Language (XBRL) and EDGAR online promise to remove the need for labor-intensive filing of paper forms with regulatory agencies. When all the relevant corporate records are available in some XML dialect, it becomes a relatively trivial problem to transform them for use by analysts, auditors, and government agencies. ...
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