SBR

Concept, Approach & Progress

Meeting Austrian Delegation February 1, 2012

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The concept of SBR The basic concept of SBR is standardization of:



Data

:

 XBRL-Taxonomy 

Processes

:

 Standardized processes to file XBRL / SBR reports, including a Intelligent Gateway (Digipoort in Dutch)  Modeled by using BPMN (Business Process Model and Notation) 

Technology and techniques

:

 Using “Open Standards’, like XBRL, Web services (SOAP, EBMS, WUS) Standard Business Reporting Program

A Netherlands government initiative

Why SBR?

SBR means standardization in the process of financial reporting:  Business to government   Currently: Tax office, Chamber of Commerce and Central Bureau of Statistics Future: Agro sector, Healthcare, Education,  Business to business   Currently: Credit risk reporting to banks Future: Insurance, Pension funds  Government to Government:   Future: Reporting of schools to the Ministry of Education (Regulatory Reporting) Cost for Cure & Care in the ageing society In short: Create an administrative and technical infrastructure which provides the conditions for easier filing processes to lowering the overall level of transaction costs.

Standard Business Reporting Program

A Netherlands government initiative

SBR-NL History

4  From 2000 onwards: government priority to reduce administrative burden for business:  The “fuss” of complying to government regulations  2002/03: recognition of potential of XBRL:  a means of reducing the cost of financial reporting to government  2005/06/07: start of the NTP: Netherlands Taxonomy Project  Development of initial thinking with regard to Taxonomy  Development of design for a Generic Intelligent Infrastructure (Receiving messages for all participating government agencies)  2008/09: development and implementation of major tools:  NL-Taxonomy 2010  Intelligent Gateway (Digipoort in Dutch) / Process Infrastructure  2009/10/11: move from development to implementation  90.000 instances in 2011  2012: adoption & move from project to going concern Standard Business Reporting Program

A Netherlands government initiative

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SBR-NL Approach

 Government and business in the 21 st    century: a complex relationship: The “business of government” is a complex thing The “business of business” is a complex thing The “business” of government and business interacting with each other is even more complex  Reducing this complexity requires standardization of filing processes and data:  Allow for generation of reports directly out of basic administrative systems   Allow for system2system processing  Thus: Creating less administrative burden within reporting organizations (business)  Higher level of data quality in “receiving” organizations (i.e. government/banks)  Creating Standards requires co-operation in a competitive market; therefore the SBR NL Program is a co-operation between Government and Business Standard Business Reporting Program

A Netherlands government initiative

SBR-NL Program Challenges

 SBR-NL challenges:  Work in a competitive market  Seeking the buy-in of organizations involved Optimism (public & private sector)  Getting the market to actually start using SBR  SBR-NL: seeking co-operation:  on issues that have deep impact for business and government processes  were not understood by many  Therefore: Development & Dissemination of Pessimism Knowledge is key topic Agendasetting Uninformed optimism Phases in the process Informed pessimism Informed optimism

Realisation

Ti me 6 Standard Business Reporting Program

A Netherlands government initiative

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SBR-NL in action

 Objectives:  Growth of number of intermediaries involved (Road show in 2011)  Growth of number of instances filed (> 90.000)   Growth of agencies interested (Education, Pension Funds, Care / Cure) Development of a robust governance structure  Governance structure 

SBR Council

:   High level representatives of business and government Strategic decision making    

SBR Platform

: Representatives of business community and government Hands-on experience Constantly generating issues that may block the uptake of SBR    

SBR Expert groups

: Expert groups for Data/Taxonomy, Processes, Marketing & Communication Bringing together all available expertise in the Netherlands (and from outside, if needed) Finding solution for the issues   

SBR Program Team

: Supporting the various groups with expertise Support actively implementation and adoption Standard Business Reporting Program

A Netherlands government initiative

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SBR-NL International / European focus

 

International focus

 Cooperation with Australia  SBR International Forum  Objectives   Focus on SBR developments by governments Information sharing   Developing / selling the SBR concept Chair Australia, Co-chair NL Member of Government / Regulatory Special Interest Group (GRSIG) ‘Participating’ in XBRL International Inc.

European focus

 Main target European Commission   With support European member states who support SBR Main objectives  Information sharing, developing / selling the SBR concept  Safeguarding our SBR investments / interests Standard Business Reporting Program

A Netherlands government initiative

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Where are we now?

 The NL-Taxonomy is available for 2012  The Intelligent Gateway / Process Infrastructure (Digipoort in Dutch) is operational since end 2009  May 2011 decision made: XBRL / SBR the exclusive channel (mandate) for SBR reports starting from 2013 with Tax reports, followed by Financial Statements and Statistics. Credit risk reports will be on voluntarily basis  Now with the mandate:  Software vendors have started to adjust their products with XBRL / SBR functionality  Financial intermediaries started to adopt and to use XBRL / SBR  SBR Team is supporting implementation and adoption by providing, Information, Knowledge and Active support.

Standard Business Reporting Program

A Netherlands government initiative

What’s up for this 2012 and ……….?

 Adoption by the businesses  We will finish the initial phase of our program:     Receiving the amount of instances we are expecting Stabilizing our processes and procedures Improving the taxonomy (dimensions, formulas)

Key issue: Development and Dissemination of Knowledge

Transition from a project to a “going concern”: 

University of Delft

From a project organization into a structured permanent setting  Operational excellence: 24/7; 99.99

 Broadening of scope:  Exploration of additional government agencies and their filing processes 10 Standard Business Reporting Program

A Netherlands government initiative

11 Thank you very much Standard Business Reporting Program

A Netherlands government initiative

www.sbr-nl.nl

[email protected]

Standard Business Reporting Program

A Netherlands government initiative