This white paper examines the pros and cons of traditional compliance management approaches, the impact technology has on compliance management, the increasing complexity of software licensing models and the growing trend towards trust but verify compliance management approaches.
XBRL (eXtensible Business Reporting Language) format creates a lot of value for organizations. It facilitates exchanging business information between business systems and supports initiatives to enter new markets. It may also be one of the first embodiments of a semantic Web.