May 20th, 2009 by Kurt Roscow, Vice President of Sales & Operations
It’s no secret that some of the first movers in the marketplace that are adopting XBRL on a practical, functional, and operational level were the large financial printers. This is even more true today, as the SEC XBRL mandate begins to wash through the economy for real. While many associations, interest groups, and advisory panels considered and debated the pros and cons related to XBRL adoption, the printers in contrast got right to work building the practice, pushing the discussions, and looking for software to help solve the problem.
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Tags: Customer, Products
Posted in Partners | No Comments »
May 18th, 2009 by Ted Stavropoulos - Director of Business Development
Corporate filers are filing their returns in XBRL with no apparent benefit to them, or worse yet, the SEC or the investment community. So what’s the point?
The point is you have to start somewhere, and that’s where we are. One of the benefits that will be driven by the data is an SEC that is enabled to more efficiently target both analysis and enforcement efforts.
At some point, we will all benefit from the data that is being submitted to the SEC via the wisdom of crowds in evaluating corporate performance. And, XBRL will be the underlying technology that enables the army of analysts to act fast.
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Tags: Analytics, Customer, Dragon View
Posted in Products | No Comments »
May 13th, 2009 by Brian Larson, CPA - Software Quality Engineer
Technorati Profile
The EDGAR system is now busily accepting live XBRL filings. Last week (week of May 4th) there were 11 new filings. I thought it would be beneficial for those who are new to XBRL to write something about preparing a valid filing. By valid, I mean something that will pass the EDGAR validations and make it into the system.
There’s a lot of talk out there about how difficult XBRL is and how companies should not try to prepare their own filings but instead outsource it. We at Rivet Software work hard to make products that take the complexity out of XBRL so that you can do your filings in-house. One of the ways we do that is by hiring people like me, a CPA who understands financial reporting and how to create tools that are easy for non technical professionals to use.
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Tags: Assurance, Compliance, CrossTag, Customer, Dragon Tag
Posted in Features, Products | 2 Comments »
May 10th, 2009 by Ted Stavropoulos - Director of Business Development
A very clever developer once asked me, “If you knew the molecular structure of wine would it taste any better?”
I said that – like many people – although I appreciate learning how wine is crafted, I don’t care much about the molecular structure. In the end, what I wanted was to enjoy the wine with my meal.
Similarly, XBRL as a technology will enable a number of process transformations, but each of those will be front-ended by purpose-built software; the technical aspects of XBRL are certainly interesting, but only for the right audience. End users will enjoy these benefits relative to the ease of using data within the context of their own work.
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Tags: Analytics, Customer, Products
Posted in Usability | 5 Comments »
May 6th, 2009 by Emily Huang - Co-founder & VP, Business Technology
In 2007, CrossTag was born out of the need to create an extremely easy-to-use and highly flexible application to support all kinds of documents (Word, PDF, Excel, RTF, etc.), and most importantly, it was designed to work in a collaborative environment. CrossTag was a mature product from the beginning as it leverages much of the same code used in our Dragon Tag product, where we have already invested over 100,000 hours of development.
So, you can think of CrossTag being on the market for 2 years, but with 5 years of product development behind it.
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Tags: CrossTag, Customer, Products
Posted in Products | No Comments »
May 4th, 2009 by Deb Griffith - XBRL Specialist
Tags: Customer, Products
Posted in Products | No Comments »
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