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.
If you are not familiar with the XBRL website posting requirement, here is a quick explanation.
In the new Dragon View Spring Release, we have upgraded the “report preview” to use the new XBRL rendering engine that Rivet has created for the SEC’s website in December 2008. We want our customers to have the confidence of knowing what their filings will look like before they submit to the SEC.
We didn’t stop at being able to display a human readable format; we also created an export feature that saves all of the reports and creates an HTML Reporting Book. To fulfill the website posting requirement, a customer needs to post the XBRL data (the company extension taxonomy and instance document). At the same time, to provide a friendlier version of the XBRL data, they simply needs to copy the HTML Reporting Book to their website. Problem solved. Most customers we talked to understand that they only NEED to post the XBRL files, but a lot of they WANT to also post the human-readable HTML files for their investors.
Here is a sample HTML Reporting Book. I took the reporting book created from Dragon View, and manually added a company logo and a chart to demonstrate that filing companies can very easily modify the look and feel of the reporting book before posting on their own website. Of course, customization is completely optional.
For filing companies, compliance doesn’t stop at providing valid documents to the SEC; it also means meeting the web posting requirements. We are delighted that Dragon View is able to provide added benefits to help our customers fulfill this requirement painlessly. As I said, it’s really good to know that the products we’re designing are able to deliver on the promise we made to ourselves, which is simply to design features customers will need and love.
You can find a detailed description of Dragon View on our website: Dragon View Features and Benefits.
If you would like to see a recorded demo, you can download the Free Dragon View Online Demo.
Tags: Compliance, Customer, Dragon View
