March 31st, 2009 by Brian Larson, CPA - Software Quality Engineer
Whether you like the familiarity and ease of Excel or the stability and security of a solution hosted in a world class data center run by IBM, you’ll find what you’re looking for within our two tagging products, Dragon Tag and CrossTag. We create tools that allow you to tag your financial statements “your way.”
As a CPA and since joining the Rivet team two years ago, I’ve come to appreciate the time commitment required to file your 10-Q’s and 10-K’s in XBRL format. Our objective is to make this process as easy as possible with intuitive, easy-to-use tools that are loaded with time saving features.
Take, for instance, the “Help Me Tag” feature that’s new in the spring 2009 release of CrossTag. If you’ve ever tried to locate a specific element in the US GAAP Taxonomy, you’ve probably come away a little frustrated. Navigating through it is like trying to find your soul mate at a singles bar. You know what you’re looking for but can’t seem to find the right one.
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Tags: Products
Posted in Features, Products | 1 Comment »
March 27th, 2009 by Kevin Berens - VP, Products
How product innovation is combined with feedback from customers – the evolution of CrossTag for XBRL tagging
In my last entry, I talked about how customer feedback was incorporated into the product. However, we try to balance feedback from customers in conjunction with product ideas that we think would benefit our users
In the spring release we have several new features that we would like to enhance (based you’re your feedback) over the next 6 to 9 months. We are introducing the following:
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Tags: CrossTag, Customer, Development, Products
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March 23rd, 2009 by Emily Huang - Co-founder & VP, Business Technology
So you want to outsource the XBRL tagging service? You are not alone.
The US SEC announced April 13, 2009 as the effective date for the 500 largest public U.S. companies to begin filing their financial results using XBRL—an XML-defined standard used to analyze, exchange and report information by using tagged data elements. The ruling by the SEC demonstrates the growing global momentum for all companies to adopt XBRL for disclosing financial reports. At Rivet we have consulted with a large number of public companies and helped some of them by providing either tagging software and/or tagging services.
Some of the public companies in the first wave have elected to outsource the entire XBRL tagging service to service providers. From these companies we have heard over and over again that they believe the XBRL tagging process can be complex and intricate: the labels of the element tags must match the labels in the facing financials, various validation rules have been imposed by the SEC, and the taxonomies can often be complicated confusing. It requires someone to make “judgment calls” in the tagging process.
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Tags: Assurance, Compliance, Customer, Dragon View, Products
Posted in Features, Products | 2 Comments »
March 17th, 2009 by Emily Huang - Co-founder & VP, Business Technology
When the SEC needs a flexible, rule-based rendering engine for interactive data, who do they call?
In July 2008, the SEC put out a “request for proposal” (RFP) to solicit software vendor’s help to create a “rendering engine” that can present the XBRL-based financial statements in an easy to read, attractive format. As stated in the RFP, “The commission proposal views interactive data as an important way to increase access to information in the financial marketplace. The ability to accurately generate human-readable XBRL documents from raw XBRL content in EDGAR submission is central to this work.”
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Tags: Customer, Projects, Rendering Engine, SEC
Posted in Products, Projects | 1 Comment »
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