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Rivet customers recognizing the benefits of XBRL for analyzing data takes only secondsDecember 21st, 2009 by Kevin Berens - VP, Products
At a time when most companies are seeking out software vendors to assist them with their XBRL tagging, our customers are seeing not only how Rivet can help them with this process, but also the huge benefit that can be recognized with XBRL. In fact, it is so easy to create these reports, that during our demos, we are turning the controls over to our customers and letting them create these reports. Read the rest of this entry » Creating XBRL reports, so easy a customer can do it (in a demo)December 21st, 2009 by Kevin Berens - VP, Products
Creating a report that compares your company to every company in your SIC code used to be so difficult. You needed to determine the companies in your SIC code. You needed to find the data for each company and download this into an Excel spreadsheet. You needed to then create a bunch of formulas to consolidate this data on a single sheet. And then next quarter you need to do this all over again. Read the rest of this entry » Data Integrators and Adapters – Helping to Automate ComplianceDecember 10th, 2009 by Keith Gardner - Software Quality Engineer
Some of the most intriguing functions in our new Controller package, are the data integrators and adapters. What they do is enable you to automatically transfer data early in the financial reporting process. And that has lots of useful benefits. Read the rest of this entry » XBRL & Crossfire make me want to get an MBA in AccountingOctober 6th, 2009 by Natalya Kuskin - Account Executive
During a call with a potential client last week, I mentioned that Rivet’s Crossfire Financial Reporting Platform makes numbers so exciting that I want to go back to school for an MBA in Accounting. He laughed and revealed that nowadays, being an accountant is less about numbers or analysis and more about rules and mandates that govern how a number is presented. CrossView: 3 Shot Walk ThroughAugust 25th, 2009 by Stewart McKie - Executive Advisor
Rivet recently released CrossView (read press release) - a free online tool for finding, viewing and managing SEC XBRL filings that delivers on the promise of interactive data. This post gives you a quick walk-through of the key features using just 3 screenshots from the product. You Can Outsource XBRL Tagging, You Can’t Outsource ComplianceJune 19th, 2009 by Emily Huang - Co-founder & VP, Business Technology
Part 3: How Rivet’s Dragon View can help companies fulfill the website posting requirementI 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. When it comes to XBRL, you can file it right the first time!May 13th, 2009 by Brian Larson, CPA - Software Quality Engineer
Technorati Profile 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. Manage the tagging and filing process with CrossTag User Roles and WorkflowApril 15th, 2009 by Brian Larson, CPA - Software Quality Engineer
CrossTag is designed to help you manage the tagging and filing process from start to finish. We’ve put a lot of thought into making it an efficient, yet precise process in which accurate filings are produced every time you file. This post explores what CrossTag can do to help you manage a filing project. First, the system separates into two roles the template design and data entry tasks that are inherent in an XBRL filing project. In CrossTag, these two user roles are called “Preparer” and “Designer”. Each CrossTag user can be setup as either preparer or designer or both. The role of the designer is to create templates and modify taxonomies. This user needs to understand the basics of XBRL. The preparer, on the other hand, really does not need to know anything about XBRL. This person just needs to get the data into the templates created by the designer. Initially, the two user role concept was designed to allow filers to leverage lesser skilled individuals to perform the time consuming data entry duties. However, with our current beta release of the software (CrossTag Spring Release), we’ve solved this problem with technology. Tag it Your Way!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. The impact of Agile development and what it means to the CrossTag customer PT 2March 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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