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December 21st, 2010 by Mike Evans - Sr. Product Manager
A little more than two months ago Rivet Software released Crossfire 3.0 and in a blink of the eye (by high tech standards) we just launched Crossfire 3.5 with some truly sophisticated new features based on both internal and external user input. THIS is a story worth telling, but the significance of this feat is lost on just about anyone but the most astute accounting or tech geeks.
I’ve engaged in many conversations with wide-eyed, tech-savvy people who salivate when I explain what we’re doing with software at Rivet. It takes a significant amount of effort to make complex technology easy to use. But just try telling this story to the average guy or gal on the street, and you’ll mostly get blank stares and polite nods. Read the rest of this entry »
Tags: crossfire
Posted in Products, XBRL | No Comments »
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 »
February 12th, 2010 by Stewart McKie - Executive Advisor
There’s a very interesting debate going on over at Daniel Robert’s blog that began by considering the extra effort that will be required for footnote tagging but in the comment thread moved to consideration of the process of S.E.C. XBRL reporting. Here I’d like to draw attention to the focal point of where any process ‘savings’ are likely to be made. Read the rest of this entry »
Tags: crossfire
Posted in Products, XBRL | No Comments »
December 21st, 2009 by Kevin Berens - CPO
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 »
Tags: crossfire, Products, reporting, XBRL
Posted in Features, Products | 1 Comment »
December 21st, 2009 by Kevin Berens - CPO
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 »
Tags: crossfire, Products, reporting, XBRL
Posted in Features, Products | No Comments »
December 21st, 2009 by Stewart McKie - Executive Advisor
Some very interesting facts can be buried in SEC filing footnotes – like those dug up by Michelle Leder at footnoted.org in her post Voting is now open for the worst footnote of 2009. But did you know that one of the features (ahem) buried in Crossfire is footnote exhumation? Read the rest of this entry »
Tags: crossfire, CrossView, Footnotes
Posted in Communication, XBRL | 1 Comment »
October 6th, 2009 by Natalya Kuskin - Senior 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.
Read the rest of this entry »
Tags: Compliance, crossfire, EDGAR, reporting, XBRL
Posted in Compliance, Control, Features, Solutions, XBRL | No Comments »
September 22nd, 2009 by Brian Larson, CPA - Software Quality Engineer
XBRL is gaining momentum as reporting agencies require their constituents to report using the standard. But how about using it within an organization? I used to work in the internal audit department of a major software company and I’ve been thinking about how XBRL can help in that realm.
A good internal audit department audits based on risk. A risky area, say derivatives trading, deserves a lot more attention from internal audit as opposed to a non-risky area, like marketing. Read the rest of this entry »
Tags: crossfire, internal audit, risk assessment, XBRL
Posted in Control, Solutions, XBRL | No Comments »
September 1st, 2009 by Stewart McKie - Executive Advisor
Rivet has a new tagline: Comply. Control. Communicate.
The new tagline reflects two key messages: That Compliance is just the start of a journey towards financial transformation of your business and that Rivet’s Crossfire Reporting Platform will support you on every stage of the journey.
Read the rest of this entry »
Tags: crossfire
Posted in Communication, Compliance, Control, Solutions | No Comments »
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