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.
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Associated Workflows (if applicable) - list out and describe.
Available Actions: for each one - create as H3 level-header (will show in page-level table of contents) and for each one, include the following this is applicable. List these out and then for each one, do the following: