Signet Capital has installed Homnet: XBRL for self-reporting in XBRL format

2023: Automation of XBRL reporting

Signet Capital LLC, a management company in partnership with Homnet Group of Companies, has automated the preparation of XBRL reporting based on the Homnet: XBRL business solution. Homnet Group of Companies announced this on October 20, 2023.

Automation of XBRL reporting was carried out in four stages. First of all, the specialists of the Homnet Group of Companies deployed the Homnet: XBRL program on the Customer's servers and made settings, after which they conducted a briefing, familiarizing users with the interface and capabilities of the program.

The project also included comprehensive methodological support from specialists and experienced methodologists of the Homnet Group of Companies when submitting the first reports from Homnet: XBRL at one entry point.

As part of the fourth stage, a summation functionality was developed for the specifics of Signet Capital accounting, data which summarizes the values ​ ​ provided that data with the same identifier is received from different sources to the Homnet: XBRL system.

Upon completion of the project, the Homnet: XBRL program is supported and fully used by the Customer. The availability of automatic unloading functionality data from the previously installed accounting system "Homnet: NFO" to the XBRL module makes it possible to unload the reporting package ready for delivery in the XBRL format by the button, which greatly simplifies the work of the accountant.