Submit via XBRL with KATE Innovations

We have taken the next step in the valuation of the future, because with KATE software, valuers can easily supply data in XBRL. What that means for you as an ambitious valuer, we will tell you in this blog.

Innovation is also very important in the valuation world. XBRL is a frequently heard term. XBRL is namely the new way of delivering to the major banks.

“We are proud to say that appraisers can use KATE software to supply data to major banks via XBRL. A great new step in the future of appraisals!”

• Rutger Janssen – Director Business Development and Co-founder at KATE

Quick refresher: XBRL, how does that work again?

XBRL, or eXtensible Business Reporting Language, is a global standard for exchanging business data. This language makes it possible to exchange financial information efficiently and reliably between different systems and parties. With the XBRL link in KATE software, appraisers can now deliver to all major banks.

The major banks, ABN Amro, ING and Rabobank, use SBR Nexus, which facilitates the technology for banks to receive data. KATE now has a link with SBR Nexus. This means that appraisers can supply their data in a specific format. That is convenient for the banks, because they receive appraisal information exactly as they want it. And that is also convenient for appraisers, because this method of data exchange frees up time to really add value to appraisal reports.

Expertise uitdragen

What makes a valuation report truly outstanding is adding extra expertise. Valuers with ambition use KATE software, and have more time and attention for the most important chapters of the valuation report. Do you want to focus on sustainability as a valuer? Or on the reference comparison? Then don’t be limited by a template, but use KATE software. This way, as a valuer, you really convey your expertise. You show your strengths and set the bar high. Because valuing with ambition is the valuation of the future.

The K of KATE and Quality

KATE is there for ambitious appraisers who want to make their own mark on the appraisal market. With KATE software, all information for a valuation report is in one place. And from now on, you can also supply data in XBRL. That’s what we call really adding value, and your customers will notice that too.