During the years 2005 and 2006 Ignacio Hernandez-Ros (then director of the XBRL business area in Software AG worldwide) was hired by the XBRL International Consortium for further development of the XBRL standard and 2.1 and complete those areas in which the XBRL standard functionality was not enough for new users to get started.
Among the new types of users outlined the financial markets regulator CNMV as CESR (Committee of European Securities Regulators) and the Bank of Spain with the CEBS (Committee of European Banking Supervisors).
These new users require new features not covered during development of the XBRL standard. As was the case of multidimensional data exchange. Ignacio Hernandez-Ros left Software AG and founded Reporting Estándar SL in 2005 when he signed a contract with the XBRL International Consortium for the development of technical standards associated with the XBRL standard.
The result of this two years contract have been many contributions. Among these, the most prominent is undoubtedly Dimensions Specification 1.0. Now widely used throughout the industry related to XBRL, the IFRS Taxonomy 2008 and 2009, the U.S. GAAP Taxonomy, Taxonomy of UK-GAAP, taxonomies related to monitoring and FINREP etc. COREP Banking.
Currently this document is an XBRL Recommendation. This document has standardized how an OLAP cube can be represented using the XBRL format.
Thanks to this specification it is possible to exchange cubes generated by any multi dimensional software in the market using the XBRL standard.
Check the documents of the XBRL Dimensions Specification here.