Workiva has been granted a patent for a method to review XBRL documents. The method involves receiving, selecting, applying review statuses, monitoring for changes, and updating statuses accordingly. This computer-implemented process aims to streamline XBRL document review efficiently. GlobalData’s report on Workiva gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Workiva, Intelligent voice assistant was a key innovation area identified from patents. Workiva's grant share as of May 2024 was 24%. Grant share is based on the ratio of number of grants to total number of patents.
Method for reviewing xbrl documents for changes
A recently granted patent (Publication Number: US12014133B2) discloses a method implemented on a computer system for managing XBRL documents. The method involves receiving an XBRL document, a request to create an XBRL review, and selecting specific XBRL facts within the document. The system applies different review statuses to the selected facts, monitors them for changes, and updates the review status accordingly. Additionally, users can view details of the changes made to the selected XBRL facts, facilitating efficient review processes.
Furthermore, the patent describes a computing device configured to carry out the method, enhancing the management of XBRL documents. The device allows for the selection of multiple XBRL facts, filtering based on review status, and simultaneous updating of review statuses for different facts. Users can also view an outline of the XBRL document, select specific sections for review, and track the number of facts within each section based on their review status. Overall, the patented technology aims to streamline the review and monitoring of XBRL documents, providing a comprehensive tool for efficient data management and analysis.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
