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September 19th, 2011 by Charlie Hymer, CPA - Regional Sales Director
Charlie Hymer, CPA – Regional Sales Director, reminisces about the old days of financial reporting and how XBRL will forever change its future.
The financial reporting industry has changed drastically over the last 20 years. Not to date myself, but oh well, here goes. I remember when I first started out at Arthur Andersen we didn’t have computers. We used columnar paper and had to continually tape more paper on the end of the spreadsheets to add more columns if the paper wasn’t long enough. To make a change was completely manual—erasing, re-adding, and hoping that everything flowed through properly. In 1989 we got computers to go out in the field. They looked like huge suitcases and we newbies always had to carry them because they were so heavy. We used Lotus 123 and thought that it couldn’t get any better than that. Then a little company called Microsoft gave us Excel and Word. Read the rest of this entry »
Tags: Crossfire Controller
Posted in Analytics, Control, Rivet, Solutions, XBRL | No Comments »
May 20th, 2011 by Emily Huang - VP, Business Technology & Cofounder
This blog post talks about how the Esurance slogan “Technology when you want it” ties into Rivet‘s belief in giving their clients options when it comes to XBRL filings. The post goes into detail about the different ways Rivet helps make the XBRL filing process more efficient.
You may have heard the slogan, “Technology when you want it,” from Esurance recently. As a former employee of Esurance (I worked for Esurance as the Director of Business Intelligence between 2000 and 2003), I have to say that I quite like the rebranding that happened in 2010 to replace the pink-haired female spy named Erin! I never truly understood what a spy had to do with auto insurance.
So how does auto insurance connect to Rivet Software you ask? Auto insurance buyers and policyholders like to have options. Similarly, options are very important to public companies that need to comply with the SEC XBRL mandate. Read the rest of this entry »
Tags: Customer
Posted in Products, Solutions | No Comments »
April 1st, 2011 by Rivet Software
There are over 13,000 tags in the 2011 US-GAAP taxonomy. You’ll use about 250 of them. Do you know which ones?
Save valuable by time by starting your XBRL tagging process armed with our XBRL Comparative Report. With this report, you’ll know what tags were selected by other companies in your industry- your peers. You’ll know what tags they used, what tags they avoided, and what elements they extended.
Joining us for this webinar is Paige Hamack from Microsoft. She will provide valuable insight into the benefits gained from conducting peer review as part of her quarterly and annual reporting process.
“An integral part of our XBRL reporting process at Microsoft is a quarterly analysis of the XBRL tags used by an alternating group of peer companies. This peer review helps us ensure that our XBRL reporting is complete and accurate and meets one of the most important objectives of XBRL, which is comparability of similar information across companies. To perform this review, we use a custom report created by Rivet.”
- Page Hamack, Microsoft
During this webcast, we’ll provide a tour of the comparative report and show you how you can use it to save time. Find the items you want to research further, be more informed about selections, and know how comparable your company will be based on your XBRL choices.
Title: XBRL Comparative Report with Paige Hamack, Microsoft Corporation
Date: Tuesday, April 5, 2011
Time: 1:00 PM – 2:00 PM ET
Register »
We are looking forward to seeing you there!
Tags: Compliance Analytics, Microsoft, tagging comparison, webinar, XBRL Comparative Report
Posted in Analytics, Compliance, Solutions, XBRL | No Comments »
March 31st, 2011 by Natalya Kuskin - Senior Account Executive
You’ve heard this by now – starting mid-2011 and onwards, all companies that are registered with the SEC are required to submit their regulatory reporting in XBRL format. Using an agreed-upon and shared XBRL taxonomy to report financial data makes it easier to produce peer group comparison and benchmarking reports. XBRL enables quick access to data you can analyze, and more time for value added work… just like the GPS system in your car makes you more efficient getting around town.
What are the top 3 tips to maximize your success? Read the rest of this entry »
Tags: Compliance Analytics, Microsoft, tagging comparison, webinar, XBRL Comparative Report
Posted in Analytics, Compliance, Solutions, XBRL | No Comments »
March 21st, 2011 by Rivet Software
Rivet’s Controller software integrates and streamlines the external financial reporting process to eliminate manual tasks while delivering a superior level of quality control. This solution leverages the power of XBRL to create efficiencies that dramatically improve the workflow of financial reporting cycles. Join us for a quick overview to get a taste of the power of Controller.
| Date & Time: |
Wednesday, March 23, 11:00am-11:45am MT (1:00pm ET) Register » |
Tags: Close to Investor, financial reporting, Financial Reporting Software, SEC Compliance, XBRL Reporting
Posted in Compliance, Products, Solutions, Uncategorized | No Comments »
March 4th, 2011 by Rivet Software
When the Securities Exchange Commission (SEC) mandated that all public companies prepare and submit their financial filings in eXtensible Business Reporting Language (XBRL) format, Quicksilver knew its lean accounting team did not have the capacity or expertise to take on this additional burden. It clearly needed help. While Quicksilver was used to searching around for natural resources, locating a partner to assist with its financial filings was unexplored territory.
Read more »
Tags: case study
Posted in Solutions, XBRL | No Comments »
February 24th, 2011 by Rivet Software
“We are the industry leader!” “We have the highest accuracy in our filings!” Sound familiar? Most XBRL solution providers boast stats about their growth, accuracy, and sheer volume of XBRL filings they prepare, but you know how high the stakes are for you and your company. Filing errors, amendments, and public embarrassment can be avoided by selecting an XBRL partner you can trust, but how do you determine which provider that is?
- Which XBRL solution provider has filed the most XBRL filings?
- Who in the industry files the most accurate filings?
- Who has filed the most filing errors? Which XBRL provider has filed the most amendments?
In 30 minutes, we’ll show you how to use free tools available to you online so that you can answer these questions for yourself, with confidence, without having to rely on a vendor or 3rd party analysis.
Title: Conducting Your Own Competitive Analysis
Date: Thursday, March 3, 2011
Time: 3:00 PM – 3:30 PM ET
Register >
We are looking forward to seeing you there!
Tags: webinar
Posted in Compliance, Solutions, XBRL | No Comments »
October 26th, 2010 by Barclay Friesen - COO
Companies that fall into the last wave of the SEC’s XBRL filing mandate have more options than ever as new XBRL vendors are setting up shop on a regular basis. Word of caution: choose your provider with the same diligence you would choose a personal physician. There’s a lot at stake when you get into SEC regulations. XBRL financial reporting can be complex undertaking at first. It is not something you want to have to start over in the future.
Doing your homework and prep work now can save time and expense in the future. The first thing you need to determine is exactly who will be managing your XBRL filing? Your choice should be based on your company’s particular circumstances. Read the rest of this entry »
Posted in Compliance, Solutions, XBRL | 1 Comment »
October 4th, 2010 by Rivet Software
Just in time for the approaching SEC filing season, Rivet Software has launched an enhanced version of the Crossfire Financial Reporting Platform. Among the major improvements in Crossfire 3.0 is an integrated Online Reviewer’s Guide that is getting rave reviews from beta users. The new review system utilizes a single document that is stored, accessed and altered through Crossfire. This eliminates the need for multiple versions of a document as it progresses through the review process. Data integrity is maintained and there is less room for error.
Crossfire 3.0 also offers greater tag matching intelligence that makes it easier to add new content and make changes that are automatically updated throughout the document. In addition, multiple users can now collaborate on a filing with greater ease. XBRL templates can now be split between parties responsible for different portions of the document, and then merged back into a single master.
Current Crossfire users should attend a webinar this week to learn more about the new Online Reviewer’s Guide. If you aren’t currently using Crossfire for your XBRL financial filings, contact an expert at Rivet for more information.
Tags: crossfire
Posted in Products, Solutions, XBRL | No Comments »
March 31st, 2010 by Charlie Hymer, CPA - Regional Sales Director
I recently posted the blog, XBRL Accountants in the Hot Seat and thought that I should spend a little more time on the “going” concern of XBRL vendors. With the upcoming detail tagging mandate for Wave 1 filers and the Wave 2 mandate hitting at the same time, XBRL vendors will be working hard to ensure timely and accurate filings using software that scales to detail tagging. This Wave 1 and 2 double whammy will separate the XBRL experts from the wannabes. Now is a good time to evaluate your XBRL vendor/printer to ensure your filing will not get lost in the mix. But how do you do your due diligence? What should you expect from your provider? This is not a quantifiable question or answer, unfortunately. Read the rest of this entry »
Tags: Accountant, CPA, Detail Tagging, Outsource, Printers
Posted in Solutions, XBRL | 2 Comments »
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