Digital Financial Reporting

Pesseract is a working proof of concept that was created by Hamed Mousavi, a software engineer, and myself. Hamed and some of his colleagues won the prize of 9th XBRL Global Academic Competition 2008-09, which was held in Bryant University, USA. 

Pesseract is not a commercial product yet, but it is very robust software application that works incredibly well for a proof of concept.  It can help you understand what you should be asking other software companies for in terms of features and functionality.  Here are several ways to understand Pesseract: 

• Screen shots: About 30 screen shots that help you see the features.
• Videos: Several video play lists.
• Download: Download the application and try it out for yourself.
• Pesseract Testing: Download these files and try Pesseract locally. (Use this documentation to understand the steps you should perform. Helps you understand the method below.)
• Demonstration scripts: About 20 demonstration scripts that you can read, or walk through yourself (if you download the software.
• Method: Good practices/best practices based method for creating a process control mechanism that consistently yields high-quality XBRL-based financial reports where the model can be “reshaped” or “altered” by report creators explained as briefly as is possible. (Supported by Pesseract).
• Mastering XBRL-based Digital Financial Reporting: Try any of the 12 test cases that I have created to exercise XBRL-based digital financial reporting.  Pesseract was used to test and develop a lot of these ideas.

If you download the software and want a license, email me and I will get you a license and send you instructions how to install the license.

Set the bar high!  Don't settle for substandard software.  Push software vendors in the right direction by being an informed buyer.

Want to try creating XBRL-based financial reports? Try Luca.