sbr concept, approach & progress meeting austrian delegation february 1, 2012

SBRConcept,

Approach & Progress

Meeting Austrian DelegationFebruary 1, 2012

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)

2 Standard Business Reporting ProgramA 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.


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SBR-NL History

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


SBR-NL Approach

Government and business in the 21st 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


SBR-NL Program Challenges

SBR-NL challenges: Work in a competitive market

Seeking the buy-in of organizations involved

(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

Knowledge is key topic

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Agendasetting Uninformedoptimism

Informedpessimism

Informedoptimism

RealisationTime

OptimismPhases in the process

Pessimism

Standard Business Reporting ProgramA Netherlands government initiative

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


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


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.


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)

Transition from a project to a “going concern”: 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

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Key issue:Development andDissemination ofKnowledge

University of Delft


Thank you very much


[email protected]


sbr concept, approach & progress meeting austrian delegation february 1, 2012

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