Developer Systems BI ERP CRM. With IBM Watson analyze Financial Statements and reports stored in XBRL with NIIF
With IBM Watson analyze Financial Statements and reports stored in XBRL with NIIF
By Ricardo Dolinski Garrido. V73877. Application Architect in IBM Venezuela
2.- Problem:
One idea about how we can drive more value for our customers would be permit them to access on demand in the process of comparing their performance metrics to industry bests or best practices from other companies, in the World.
How do you get knowledge from the financial performance for a company within an industry, a country or globally through a request of service online with recent accounting data and best financial practices?
3.- Solution:
Use Watson – XBRL – IFRS – Bluemix – Cloud for calculate and compare financial metrics with its peers and the best and lowest performance for each metric in the peer group.
This product IBM Watson Financial Benchmarking getting knowledge from value of gaps in cash flow benefit and the outcome would look like FinListics Solutions
I have focused the project in the following schemes:
a.- Use a sample of 5 companies,
One company target relative to 4 peer companies in the same industry
b.- Data in XBRL scheme, adhered to IFRS,
Built with IBM Cloud
Access accounting data stored in XBRL with IFRS
[320000] Income statement, by nature of expense, for example
c.- Presentation Information scheme,
Built with IBM Bluemix
Build framework with metrics GROWTH & PROFITABILITY, for example
d.- Presentation Knowledge scheme,
Built with IBM Watson
Interpret metrics to get knowledge through formulating hypotheses based on evidence
e.- Routine as a Service (aaS) scheme,
Built with IBM Bluemix
Execute the above three schemes at the request of service for the target company:
XBRL, Information and Knowledge
f.- Front-end scheme,
Built with IBM Watson Engagement Advisor (WEA) for Mobile
Show the schemes at the request of service: Information and Knowledge
