The Accounting and Corporate Regulatory Authority (ACRA) will launch Open Analytics, a financial analysis tool based on eXtensible Business Reporting Language (XBRL). Open Analytics is the result of a partnership between ACRA and WHK Horwath (an Australian financial services firm) as part of the Business Financials in XBRL (BizFinx) initiative.

About Open Analytics
Open Analytics is an online tool which enables the financial analysis and benchmarking of companies that submit XBRL financial statements to ACRA. The goal of Open Analytics is to distill large volumes of standardised financial data into simple and visual business intelligence. The business community, both locally and internationally, will be able to access financial information of Singapore companies in an interactive and dynamic manner through Open Analytics to enhance their decision making process.

Who should Attend
- Directors, CEOs and CFOs can use Open Analytics to monitor the performance of their companies against peers within the same industry sector and seek to create performance improvement strategies.
- Banks can use Open Analytics to perform credit assessments and monitor the financial health of companies they extend credit to.
- Financial Analysts can use Open Analytics to measure and analyse trend and industry performance of companies.