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The Focus of Process SavingsFebruary 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 » 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 » Footnote ExhumationDecember 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 » 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. Managing Risk Using XBRLSeptember 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 » Comply. Control. Communicate.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. |
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