SBRM

Object Management Group Welcomes Auditchain Labs AG as a New Member

Retrieved on: 
Thursday, February 15, 2024
SBRM, Knowledge, Object Management Group, OMG, AI, Automation

BOSTON, MA, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Today, Object Management Group ®️ (OMG®️) welcomed Auditchain Labs AG , a trailblazer in web3 and artificial intelligence-based financial reporting, audit, and analysis protocols, as member.

Key Points: 
  • BOSTON, MA, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Today, Object Management Group ®️ (OMG®️) welcomed Auditchain Labs AG , a trailblazer in web3 and artificial intelligence-based financial reporting, audit, and analysis protocols, as member.
  • Auditchain Labs AG gained prominence for developing the world's first-ever web3 and AI-powered financial reporting protocol.
  • Auditchain Labs AG submitted its groundbreaking Standard Business Report Model (SBRM) specification to OMG On November 6, 2023.
  • "We welcome Auditchain Labs AG to our diverse community of members," said Bill Hoffman, Chairman and CEO at OMG.

OMG Receives Submissions to Standard Business Report Model RFPs

Retrieved on: 
Tuesday, February 6, 2024
OMG, SBRM, International, XBRL, FDTA, Request for proposal, Property management

BOSTON, MA, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Today, Object Management Group® (OMG®) announced it received multiple submissions for its Request for Proposals to develop a Standard Business Report Model (SBRM) specification.

Key Points: 
  • BOSTON, MA, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Today, Object Management Group® (OMG®) announced it received multiple submissions for its Request for Proposals to develop a Standard Business Report Model (SBRM) specification.
  • A SBRM specification will make the definition, preparation, and use of data in structured business reports easier, more consistent, and more reliable.
  • "Business reports often contain rich semantic relationships between their various components, but there has been no domain-independent standard to represent these,” said Mike Bennett, Technical Director for the OMG Standards Development Organization.
  • OMG also received feedback about business reports used in aircraft manufacturing and the energy sector.