eFINForms XBRL Software for FERC Order 859 (Docket RM19-12)

FERC Filing Commission Forms (RM19-12, Order 859)
The Federal Energy Regulatory Commission (FERC) is revising its electronic filing format for certain data collections and Forms to make it easier for filers to submit and data users to analyze information.

The rule adopts eXtensible Business Reporting Language (XBRL) format

Systrends has begun developing software for the new FERC eFORMS requirement for:                 Form 1, 1-F, Q3 and 714 for Electric industry, as well as the Form 2, 2A and 3Q for Gas, and Form 6 and 6Q for Oil.

ONCE FERC issues an order adopting the final taxonomy, implementation guide and establish a schedule for the roll out, Systrends can finalize the product that we have begun developing. FERCs draft XBRL taxonomy is currently available, which Systrends has been using to develop so far testing.

Systrends anticipates the new software to be a web-based enterprise application that will allow you to manage your form financial data and possibly import various information from other financial applications to help generate the Commission Form reports more efficiently and accurately.

A complete software application can not be completed until we have all the requirements from FERC which will be made available in the final rule.

If you are interested in assisting Systrends with ideas for the application and providing input as to what features would be best utilized in the software contact us at eFINForms@systrends.com

If you would like a demonstration of our current XBRL software (eFINForms) please contact us!