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 [...]

As we get closer to July, I am getting more and more excited about witnessing the explosion of XBRL data in US. Finally, the remaining public companies will submit their financial statements in XBRL, the entire country would be united to democratize the financial data. I know, I know, I am probably going overboard with [...]

Seems like just yesterday I was sitting in strategy and design meetings to enhance Crossfire to work for mutual fund companies in preparing for the SEC’s mandate that takes effect on January 1, 2011.  Also feels like just yesterday, I was working with the SEC to create specific rendering engine logic to support the rendering [...]

It was with great enthusiasm that I read the OpEd that was just published in the Washington Examiner (10/26/10, Technology is key to achieving 21st century transparency in government).  Representative Issa makes reference to how XBRL technology can be used to shine light in the dark recesses of government spending and reporting. On occasion, we [...]

SEC Final Ruling A few known facts from the final ruling for the Interactive Data for Mutual Fund Risk/Return Summary that you might be interested to know: Compliance Date: The rule requires that all mutual funds must submit interactive data (XBRL) of risk/return summary information from the prospectus filed pursuant to rule 497(c) or (e). [...]

On December 10th, the SEC announced the release of a draft 2010 Risk/Return taxonomy and some sample instance documents with the “rendered” reports for public review. The 2010 Mutual Fund Risk/Return Summary Taxonomy has been developed as an update to the 2008 Mutual Fund Risk/Return Summary Taxonomy. The updates provided in this release have been [...]

A recent interview published on www.irwebreport.com has caught my attention. In the article, Michelle Savage (VP of Communications at XBRL-US) has provided some really, really good advice for Investor Relations Officers (IROs) about what they need to know and do about XBRL. According to Michelle, the biggest challenges from an IRO standpoint are: The challenge [...]

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 [...]

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 [...]

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 [...]

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. [...]

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 invested over 100,000 hours developing that product.

So, you can think of CrossTag being on the market for 2 years, but with 5 years of product development behind it.

So you want to outsource the XBRL tagging service? You are not alone. The US SEC announced April 13, 2009 as the effective date for the 500 largest public U.S. companies to begin filing their financial results using XBRL—an XML-defined standard used to analyze, exchange and report information by using tagged data elements. The ruling [...]

When the SEC needs a flexible, rule-based rendering engine for interactive data, who do they call? In July 2008, the SEC put out a “request for proposal” (RFP) to solicit software vendor’s help to create a “rendering engine” that can present the XBRL-based financial statements in an easy to read, attractive format. As stated in [...]