The Altova Work in Process (WIP) XBRL add-in for Excel for the surety industry allows construction contractors to enter work in process data directly in Excel, where they’re already comfortable working. In the background, the add-in saves the data in a valid XBRL instance document based on the WIP Taxonomy from XBRL.US for submission to surety companies.
Users simply install the add-in once, and then they can open the WIP template directly in Excel, with preset rows and columns, as well as Document Actions to guide them as they enter the data. Once data is entered, the user can click the Export XBRL button to save it in an XBRL instance document.
This allows contractors to get their data into XBRL easily, and enables more timely and efficient consumption by surety stakeholders by eliminating data validity errors and the need for re-keying.
The add-in also allows stakeholders to import data from existing WIP reports in XBRL format into Excel.
The Altova Work in Process (WIP) XBRL add-in for Excel is sold as an annual license .