Charts United GmbH
The Management Information Reporting Company.
Who we are:
• Team of experts in statistics, informatics and economics
• Long-time experience in Management and Leadership
• Deep experience in Management and IT Consulting
• Entrepreneurs with strong international networks to science and industry
Our goal: To make (financial) data analysis more meaningful, data visualization is the key.
Today, organizations and their regulatory bodies face a continuing increase of available business related data. However, this massive amount of data are accompanied by quality problems, complex analysis challenges and missing semantic meanings. At the same time opportunities to gain advantage from data are tempting and most probably most important for business development.
The standardized reporting language XBRL (eXtensible Business Reporting Language) has been the answer to some of the above mentioned difficulties.
XBRL together with business intelligence help business leaders to make better informed decisions based on pre-processed and conditioned data, which lead to e.g., improved risk management and prompt feedback loops for optimized operations.
Since a few years XBRL is the standard which has been implemented by the regulators. Stock exchange traded companies have to publish their US-GAAP or IFRS financial statements using the XBRL reporting language applying a predefined schema.
Some companies see the XBRL mandate as a compliance burden rather than a value-added tool for analysis, but companies as regulators have XBRL tagged data available.
What are they doing with it?
Today XBRL is used to fulfill reporting obligations. However to make use of XBRL based information one need to invest in data analysis (“big data”) rather than data collection.
Following the old Chinese wisdom “A picture is worth a thousand words” data visualization is the key. It refers to the graphical or pictorial representation of information. It helps to understand the huge amount of data and get an insight from what could even be terabytes of data. Studies show that the human brain is much faster in interpreting visualized data as charts or graphs than in reading tabular data point.
Our ultimate objective is to effectively communicate key aspects of complex datasets in an intuitive manner in order to facilitate deep insights. As more and more data becomes available and is analyzed, regulators and business leaders at all levels require visualization software that enable a quick intelligibility without any unnecessary simplifications.
Our Solution: Software for the standardized visualization of XBRL Statements
We develop software solutions in order to visualize financial XBRL statements, i. e. profit & loss statements, balance sheet and cash flow statements. Therefore we have created a visual language in consideration of existing notation concepts. The ideas and definitions of early pioneers and international experts as Eduard R. Tufte influenced our work.
Our Passion: “Clutter and confusion are failures of design, not attributes of information.” (Eduard R. Tufte)”
The definition of „Graphical Excellence“ in Eduard R. Tufte, The Visual Display of Quantitative Information:
“Graphical excellence is that which gives to the viewer the greatest number of ideas in the shortest time with the least ink in the smallest space.”
• …is the well-designed presentation of interesting data – a matter of substance, of statistics, and of design.
• … consists of complex ideas communicated with clarity, precision, and efficiency.
• … is nearly always multivariate.
• …requires telling the truth about the data“.
Our Logo: Should look like an app icon, e. g.