June 19th, 2009 by Emily Huang - Co-founder & VP, Business Technology
Part 3: How Rivet’s Dragon View can help companies fulfill the website posting requirement
I recently received an email forwarded by our VP of Sales. In the email, a valuable partner said, “Our customers have asked how we can help them fulfill their XBRL website posting requirement, including providing a human readable view of the XBRL files if desired. We have customers getting ready to live-file their August 10-Qs in XBRL and they’d like to be proactive and have all their ducks in a row and ready for the website posting requirement that will also kick in with their August filings.”
I know why this email was sent to me, and it put a smile on my face. When developing software, you ALWAYS, ALWAYS think that you are designing the features the customers would need and love, but you can’t always get them right. It’s so good to know that you have designed solutions that solve your customers’ problems.
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Tags: Compliance, Customer, Dragon View
Posted in Features, Products | View Comments
June 18th, 2009 by Emily Huang - Co-founder & VP, Business Technology
Part 2: How Rivet’s Dragon View can help companies benchmark against other SEC filers
Out of the 10,000+ reporting elements available from the US GAAP taxonomy, how do you know that your company has picked reporting elements consistently used by other SEC filers? Or reporting elements used by SEC filers that are in the same industry as your company?
If you put on a reviewer’s hat, it might interest you to see how other filing companies have selected which reporting elements to use. Rivet discussed this “benchmark” concept with all the major accounting firms, and they agreed that the benchmark capability would be beneficial to companies and both internal and external reviewers. It would be especially useful if a company could compare their reporting element selections to the companies in their industry.
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Tags: Compliance, Customer, Dragon View
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June 12th, 2009 by Emily Huang - Co-founder & VP, Business Technology
Part 1: How Rivet’s Dragon View can help companies review their XBRL filings before submission
Dragon View is a friendly XBRL reviewing tool that can be used before submitting to the SEC or other filing agencies. Even though Dragon View has been on the market for a few years now, with the rapid adoption of XBRL in many countries and the recent SEC mandate, we have taken another critical look and redesigned the application so it’s better suited for preparers who need to review XBRL filings for accuracy and presentation quality.
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Tags: Compliance, Customer, Dragon View
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June 3rd, 2009 by Emily Huang - Co-founder & VP, Business Technology
Think globally, think XBRL!
In September 2008, Rivet and Thomson Reuters began working on an XBRL-related project for the Reuters Fundamentals product. The project released earlier this month and the first stage of delivery, handling Japanese XBRL is now in production.
“Thomson Reuters is the world’s leading source of intelligent information for business and professionals. Our Reuters Fundamentals offering continues to dynamically evolve as clients demand more and faster data. By integrating XBRL into our existing process clients benefit from enhanced speed and reliability within the same products they use today.” Says Geoffrey Horrell, who is responsible for Investment and Advisory Content Strategy for XBRL at Thomson Reuters.
Tags: Analytics, XBRL Loader
Posted in Partners, Projects | View Comments
June 2nd, 2009 by Christy Rohrs, CPA - Director of Corporate Compliance and Reporting
A Quick User’s Guide for Preparers
There are a lot of questions going around right now about when companies should be using the 2009 US GAAP Taxonomy for their XBRL filings. Per the Edgar Filer Manual located on the SEC website (http://www.sec.gov/info/edgar/edmanuals.htm), Edgar is anticipating being able to handle the 2009 Taxonomy in the third quarter of their fiscal 2009 year which is 6/30/09:
It is anticipated that in the third quarter of Fiscal Year 2009, EDGAR Release 9.15.2 will introduce the following changes: 1) the existing US GAAP Taxonomy will be upgraded to 2009 US GAAP Taxonomy. 2) The US GAAP Beta 2.0 Taxonomy will no longer be supported and 3) Submission Type SH-ER Information Table XML documents will be validated against the schema included in the Submission Type SH-ER Information Table XML Technical Specification posted on
http://www.sec.gov/info/edgar.shtml.
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Tags: CrossTag, Customer, Dragon Tag, SEC
Posted in Products, Uncategorized | View Comments
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