Hyperion CFO David Odell foresees that an important emerging technology standard will expedite business problem-solving throughout the enterprise. The technology, called XBRL (Extensible Business Reporting Language), is designed to increase transparency and make communicating financial and business information more efficient and less costly. When used in conjunction with business performance management (BPM) software, XBRL will help CFOs in their efforts to keep employees focused on current corporate goals, to continually update business plans and to drive accountability.
“Virtually all CFOs struggle to strike a balance between fostering accountability while keeping their organizations optimally configured for growth,” said Odell. “XBRL, in the context of business performance management, can help deliver both breakthrough performance and accountability.”
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