Overview

 XBRL is adopted as the reporting and data standard for financial inclusion reporting with MIX leading the way. By achieving one standard format for reporting data, financial institutions can save a great deal of time. Prior to Mifos X capability, multiple staffs were required to summarize and generate the regular reports required by external bodies. Mifos X supports the generation of the required XBRL format reports, thereby streamlining the reporting process by creating one report which gets sent to the MIX which automatically sends unique reports back to funders, regulators, associations, etc.