Interactive, customizable display and analysis of electronically tagged financial information

• US 7,836,394 B2
• Filed: 04/18/2006
• Issued: 11/16/2010
• Est. Priority Date: 04/18/2006
• Status: Expired due to Fees

• Current Assignee: SavaNet LLC
• Original Assignee: SavaNet LLC
• Inventors: Linder, Eric Paul
• Primary Examiner(s): Hutton; Doug
• Assistant Examiner(s): Mills; Frank D
• Application Number:
  US11/405,501
• Publication Number:
  US 20070244775A1
• Time in Patent Office: 1,673 Days
• Field of Search: 715235-236, 715/234
• US Class Current: 715/234
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

A software application which allows for the structured access, customizable display and analysis of financial data in XML or other formats retrieved from either local files or internet databases or internet file directories. The application displays text-based electronically-tagged financial data as interactive documents using a multiple document interface and interactive display settings. The application retrieves information specific to the file, its financial content, and publisher to both create a customized presentation and perform both content-specific and comparative financial analysis of data from a variety of sources.

Claims

1. A computer program product, comprising a computer-readable storage medium including computer-readable instructions embodied therein, that when executed by one or more processors, implement a method for the retrieval, analysis and display of electronically tagged financial data, the instructions comprising:

an integrated file access component, analysis component and presentation component for accessing, analyzing and presenting electronically tagged financial data within the application;

the file access component comprising;

one or more user selection modules for selecting a plurality of files, the files including at least electronically tagged financial data which adhere to different taxonomies that are associated with the same type of content,

the analysis component comprising;

one or more analysis modules for calculating at least a first common analysis measure for comparison and analysis of electronically tagged financial data from a first file which adheres to a first taxonomy and corresponding electronically tagged financial data from a second file which adheres to a second taxonomy that are associated with the same type of content, including (i) a first formula having components based on the first taxonomy for calculating the first common analysis measure from electronically tagged financial data from the first file, and (ii) a second formula having components based on the second taxonomy for calculating the first common analysis measure from electronically tagged financial data from the second file, wherein the first common analysis measure comprises an analytical metric not present in either the first file or the second file; and

the presentation component comprising;

one or more presentation modules for presenting information associated with the selected files, the presented information including data elements and a calculation of at least the first common analysis measure automatically formatted according to presentation information associated with the selected files so as to provide simultaneous line-by-line display of at least the first calculated common analysis measures that correspond to different taxonomies and another calculated common analysis measure.

2. The computer program product of claim 1, wherein the file access component includes a means for retrieving the files with data elements corresponding to a taxonomy associated with an industry, country, or user-created list.

3. The computer program product of claim 1, wherein the file access component provides a means for user-specific access to files which the user has permission to access.

4. The computer program product of claim 1, wherein the file access component provides a means for authentication of a file publisher associated with at least one of the selected file to be displayed by the presentation component.

5. The computer program product of claim 1, wherein the presentation information includes taxonomy information and display template information which are used to format the calculated common analysis measures that correspond to different taxonomies that are associated with the same type of content into the line-by-line display for comparison.

6. The computer program product of claim 2, wherein the one or more of the formulas are based on the industry, country, or user-created group associated with the selected files.

7. The computer program product of claim 6, wherein the analysis module further comprises means for calculating, for presentation within the analysis view, one or more common analysis measures using the one or more formulas.

8. The computer program product of claim 1, wherein the one or more user selection modules includes a file management interface having means for searching for files from a local storage and remote storage.

9. The computer program product of claim 1, further comprising a multiple document interface for displaying and navigating the presented information.

10. The computer program product of claim 1, wherein the one or more presentation modules includes a template module comprising means for selecting one or more custom display templates to apply to at least one of one of the selected files based on a publisher of the selected file.

11. The computer program product of claim 1, wherein the one or more presentation modules includes a taxonomy module comprising means for retrieving enhanced taxonomy presentation information not found in taxonomy schema and linked files referenced by the at least one selected files accessed by the computer program product which are used to format the calculated common analysis measures that correspond to different taxonomies that are associated with the same type of content into the line-by-line display for comparison.

12. The computer program product of claim 11, wherein the enhanced taxonomy presentation information may be either remotely or locally referenced and retrieved from within the at least one selected file being accessed by the computer program product.

13. The computer program product of claim 10, wherein the template module comprises means for customizing the electronically tagged financial data based on the one or more custom display templates.

14. The computer program product of claim 1, wherein the one or more presentation modules includes a financial statement module comprising means for creating as part of the presented information, financial statements from the presented information.

15. The computer program product of claim 1, further comprising an output display module for display of presentation information and interactive display controls for altering display settings.

16. The computer program product of claim 15, wherein the display settings include a group of display settings including:

unit scaling, currency, period selection, period order and blank row display.

17. The computer program product of claim 1, wherein the analysis module further comprises means for retrieving updated analysis information after a publication date of the at least one the selected files, generating analysis based on the updated analysis information and replacing presented information with the updated analysis information.

18. The computer program product of claim 17, wherein the updated analysis information includes one or more of analysis formulas, stock price or exchange rate information.

19. The computer program product of claim 1, wherein the formulas and presentation information are separate from the selected files and retrieved from a remote location and stored at a local computer where the computer program product is running.

20. The computer program product of claim 19, including means for executing the computer program product in an off-line mode by accessing retrieved information stored on the local computer.

21. The computer program product of claim 1, further comprising a charting module comprising means for charting information associated with at least one of the selected files.

22. The computer program product of claim 1, wherein the file access module includes a company screener comprising means for screening files based on user-selectable criteria.

23. The computer program product of claim 22, wherein the user-selectable criteria includes data elements and common analysis measures.

24. The computer program product of claim 1, further comprising a comparison module comprising means for calculating common analysis measures associated with two or more selected files and means for generating one or more comparison views of common data elements from the two or more selected files.

25. The computer program product of claim 24, wherein one or more comparison views, report views, and analysis views are displayed together within an interactive report document.

26. The computer program product of claim 1, further comprising a means for publishing local files to a remote or Internet file location.

27. The computer program product of claim 1, wherein the computer program product is browser-based.

28. A computer program product, comprising a computer-readable storage medium including computer-readable instructions embodied therein, that when executed by one or more processors, implement a method for the retrieval, analysis and display of electronically tagged financial data in XBRL format, the instructions comprising:

an integrated file access component, analysis component and presentation component for accessing, analyzing and presenting electronically tagged financial data in XBRL format within the application;

the file access component comprising;

one or more user selection modules for selecting a plurality of XBRL files, the XBRL files including at least electronically tagged financial data which adhere to different taxonomies that are associated with the same type of content,

the analysis component comprising;

one or more analysis modules for calculating at least a first common analysis measure for comparison and analysis of electronically tagged financial data from a first file which adheres to a first taxonomy and corresponding electronically tagged financial data from a second file which adheres to a second taxonomy that are associated with the same type of content, including (i) a first formula having components based on the first taxonomy for calculating the first common analysis measure from electronically tagged financial data from the first file, and (ii) a second formula having components based on the second taxonomy for-calculating the first common analysis measure from electronically tagged financial data from the second file, wherein the first common analysis measure comprises an analytical metric not present in either the first file or the second file; and

the presentation component comprising;

one or more presentation modules for presenting information associated with the selected XBRL files, the presented information including data elements and a calculation of at least the first common analysis measure automatically formatted according to presentation information associated with the selected XBRL files so as to provide simultaneous line-by-line display of at least the first calculated common analysis measures that correspond to different taxonomies and another calculated common analysis measure.

29. The computer program product of claim 28, wherein the file access component includes a means for retrieving the XBRL files with data elements corresponding to a taxonomy associated with an industry, country, or user-created group.

30. The computer program product of claim 28, wherein the file access component includes a means for enabling user-specific access to XBRL files which a user has permission to access.

31. The computer program product of claim 28, wherein the file access component includes a means for authentication of a file publisher associated with the at least one of the selected XBRL files to be displayed by the presentation component.

32. The computer program product of claim 28, wherein the presentation information includes taxonomy information and display template information which are used to format the calculated common analysis measures that correspond to different taxonomies that are associated with the same type of content into the line-by-line display for comparison.

33. The computer program product of claim 29, wherein one or more of the formulas are selected based on the taxonomy associated with the industry, country, or user-created group associated with the selected XBRL files.

34. The computer program product of claim 33, wherein the analysis module further comprises means for calculating, for presentation within an analysis view, one or more common analysis measures using one or more formulas.

35. The computer program product of claim 28, wherein the one or more user selection modules includes a file management interface having-means for searching for XBRL files from a local storage and remote storage.

36. The computer program product of claim 28, further comprising a multiple document interface for displaying and navigating the presented information.

37. The computer program product of claim 28, wherein the one or more presentation modules includes a template module comprising means for selecting one or more custom display templates to apply to at least one of the selected XBRL files based on a publisher of the XBRL file.

38. The computer program product of claim 28, wherein the one or more presentation modules includes a taxonomy module comprising means for retrieving enhanced taxonomy presentation information not found in taxonomy schema and linked files referenced by the XBRL files accessed by the computer program product which are used to format the calculated common analysis measures that correspond to different taxonomies that are associated with the same type of content into the line-by-line display for comparison.

39. The computer program product of claim 38, wherein the enhanced taxonomy presentation information may be either remotely or locally referenced and retrieved from within the at least one of the selected XBRL files being accessed by the computer program product.

40. The computer program product of claim 37, wherein the template module comprises means for customizing the electronically tagged financial data based on the one or more custom display templates.

41. The computer program product of claim 28, wherein the one or more presentation modules includes a financial statement module comprising means for creating as part of the presented information, financial statement views from the presented information.

42. The computer program product of claim 28, further comprising an output display module for display of presented information and interactive display controls for altering display settings.

43. The computer program product of claim 42, wherein the display settings include a group of display settings including:

unit scaling, currency, period selection, period order and blank row display.

44. The computer program product of claim 28, wherein the analysis module further comprises means for retrieving updated analysis information after publication date of at least one of the XBRL files, generating analysis based on the updated analysis information and replacing presented information with the updated analysis information.

45. The computer program product of claim 44, wherein the updated analysis information includes one or more of analysis formulas, stock price or exchange rate information.

46. The computer program product of claim 28, wherein the formulas and presentation information are separate from the selected XBRL files and retrieved from a remote location and stored at a local computer where the computer program product is running.

47. The computer program product of claim 46, including means for executing the computer program product in an off-line mode by accessing retrieved information stored on the local computer.

48. The computer program product of claim 28, further comprising a charting module comprising means for charting information associated with at least one of the selected XBRL files.

49. The computer program product of claim 28, wherein the file access module includes a company screener comprising means a module for screening XBRL files based on user-selectable criteria.

50. The computer program product of claim 49, wherein the user-selectable criteria includes data elements and common analysis measures.

51. The computer program product of claim 28, further comprising a comparison module comprising means for calculating common analysis measures associated with two or more selected XBRL files and means for generating one or more comparison views of common data elements from the two or more selected XBRL files.

52. The computer program product of claim 51, wherein one or more comparison views, report views, and analysis views are displayed together within an interactive report document.

53. The computer program product of claim 28, further comprising a means for publishing local files to a remote or Internet file location.

54. The computer program product of claim 28, wherein the computer program product is browser-based.

55. A computer-implemented method for processing electronically tagged financial data in XBRL format, the method being executed by one or more processors configured to perform a plurality of operations comprising:

selecting a plurality of XBRL files, the XBRL files including at least electronically tagged financial data which adhere to different taxonomies that are associated with the same type of content;

calculating at least a first common analysis measure for comparison and analysis of electronically tagged financial data from a first file which adheres to a first taxonomy and corresponding electronically tagged financial data from a second file which adheres to a second taxonomy that are associated with the same type of content, including (i) a first formula having components based on the first taxonomy for calculating the first common analysis measure from electronically tagged financial data from the first file, and (ii) a second formula having components based on the second taxonomy for calculating the first common analysis measure from electronically tagged financial data from the second file, wherein the first common analysis measure comprises an analytical metric not present in either the first file or the second file; and

presenting information associated with the selected XBRL file, the presented information including data elements and a calculation of at least the first common analysis measure automatically formatted according to presentation information associated with the selected XBRL files so as to provide simultaneous line-by-line display of at least the first calculated common analysis measures that correspond to different taxonomies and another calculated common analysis measure.

56. The computer-implemented method of claim 55, wherein the selecting further comprising retrieving the XBRL files with data elements corresponding to a taxonomy associated with an industry, country, or user-created list.

57. The computer-implemented method of claim 55, wherein the selecting further comprises user-specific access to XBRL files which a user has permission to access.

58. The computer-implemented method of claim 55, wherein the selecting further comprises authentication of a file publisher associated with the selected XBRL files to be displayed.

59. The computer-implemented method of claim 55, wherein the presentation information includes taxonomy information and display template information which are used to format the calculated common analysis measures that correspond to different taxonomies that are associated with the same type of content into the line-by-line display for comparison.

60. The computer-implemented method of claim 56, wherein the one or more formulas are based on the industry, country, or user-created group associated with the selected XBRL files.

61. The computer-implemented method of claim 60, further comprising calculating, for presentation within the analysis view, one or more analysis measures using one or more formulas.

62. The computer-implemented method of claim 55, further comprising searching for XBRL files from a local storage and remote storage.

63. The computer-implemented method of claim 55, further comprising displaying and navigating the presented information.

64. The computer-implemented method of claim 55, wherein the presentation information further includes one or more custom display templates to apply to at least one of the selected XBRL files based on a publisher of the selected XBRL file.

65. The computer-implemented method of claim 55, wherein the presentation information further includes enhanced taxonomy presentation information not found in taxonomy schema and linked files referenced by the XBRL files which are used to format the calculated common analysis measures that correspond to different taxonomies that are associated with the same type of content into the line-by-line display for comparison.

66. The computer-implemented method of claim 65, wherein the enhanced taxonomy presentation information may be either remotely or locally referenced and retrieved from within at least one of the XBRL files being accessed by the computer program product.

67. The computer-implemented method of claim 64, further comprising customizing the electronically tagged financial data based on the one or more custom display templates.

68. The computer-implemented method of claim 55, further comprises creating as part of the presented information, financial statements from the presented information.

69. The computer-implemented method of claim 55, further comprising displaying interactive display controls for altering display settings of presented information.

70. The computer implemented method of claim 69, wherein the display settings include a group of display settings including:

unit scaling, currency, period selection, period order and blank row display.

71. The computer-implemented method of claim 55, further comprising retrieving updated analysis information after a publication date of at least one of the selected XBRL file, generating analysis based on the updated analysis information and replacing presented information with the updated analysis information.

72. The computer implemented method of claim 71, wherein the updated analysis information includes one or more of analysis formulas, stock price or exchange rate information.

73. The computer-implemented method of claim 55, wherein the formulas and presented information are separate from the selected XBRL files and retrieved from a remote location and stored at a local computer where the application is running.

74. The computer-implemented method of claim 73, wherein the application executes in an off-line mode by accessing retrieved information stored on the local computer.

75. The computer-implemented method of claim 55, further comprising charting information associated with at least one of the XBRL files.

76. The computer-implemented method of claim 55, further comprising screening XBRL files based on user-selectable criteria.

77. The computer-implemented method of claim 76, wherein the user-selectable criteria includes data elements and common analysis measures.

78. The computer-implemented method of claim 55, further comprising calculating common analysis measures associated with two or more selected XBRL files and generating one or more comparison views of common data elements from the two or more selected XBRL files.

79. The computer-implemented method of claim 78, wherein one or more comparison views, report views, and analysis views are displayed together within an interactive report document.

80. The computer-implemented method of claim 55, further comprises comprising publishing local files to a remote or Internet file location.