Good news — businesses are starting to get proactive about extensible business reporting language (XBRL), even though the mandate to use the electronic tagging system for financial statements is still a ways off. In a new survey from the American Institute of CPAs and XBRL US, 93 percent of respondents said they have at least a basic knowledge of the technology, and nearly three-quarters have begun preparing to implement it.

BPM vendors have been scrambling to incorporate XBRL functionality into their products in the past couple of years; see our previous coverage here and here.