What is standard business reporting

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This leads to an undisputed set of financial information. Instead of bringing benefits to individual regulators, by setting up point-to-point digital exchanges, SBR is a platform for digital reporting across society.

Based on an efficient governance structure, they make the e-society possible in the Dutch business world.

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We will elaborate on the governance structure under the next section. The GDI provides government bodies with the basic digital platform to help them organise their primary processes.

With a system based on the standardization of data definitions, processes and technologies, it delivers a huge contribution to the unambiguous interpretation of financial facts and figures. Standard Business Reporting SBR provides governments and businesses with an unequivocal, cost-effective, secure and adaptable method for the exchange of business information between organisations in a reporting chain based on open standards.

By jointly developing and using these generic services and facilities, government organisations do not need to reinvent the wheel, and the platform can be managed more efficiently.

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The specific approach of the Netherlands — setting up public-private governance, defining process definitions, among others — is well documented and easily transferred. This will mean a single credential e.

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Public and private partners are stepping up together to strengthen e-society: within SBR, public and private parties are working closely together, focusing on the entire chain instead of looking just at their own responsibilities. Instead of bringing benefits to individual regulators, by setting up point-to-point digital exchanges, SBR is a platform for digital reporting across society. A gateway specification exists for machine-to-machine data exchange, which allows public regulators, and private organisations to set up their own reporting hub. Right from the start, private sector associations and companies were also involved in the decision-making bodies and the working groups. SBR is a set of standardised technologies that are applied for reporting according to standardised machine-to-machine processes. This offers accountants, bookkeepers, tax agents and payroll specialists a better way to meet client needs by reducing their reporting requirements to government. They are split into three main areas: General understanding of SBR SBR for reporting professionals and businesses SBR for software developers Each will explain the background, purpose and components of the initiative as well as demonstrating how business will derive benefits from the program. In cooperation with representative bodies of businesses, intermediaries and several ministries, the XBRL standard could now be phased in as the standard for cross domain government reporting.
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Standard Business Reporting