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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 »
June 19th, 2009 by Emily Huang - VP, Business Technology & Cofounder
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 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.
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Tags: Compliance, Customer, Dragon View
Posted in Features, Products | No Comments »
June 18th, 2009 by Emily Huang - VP, Business Technology & Cofounder
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 industry as your company?
If you put on a reviewer’s hat, it might interest you to see how other filing companies have selected which reporting elements to use. Rivet discussed this “benchmark” concept with all the major accounting firms, and they agreed that the benchmark capability would be beneficial to companies and both internal and external reviewers. It would be especially useful if a company could compare their reporting element selections to the companies in their industry.
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Tags: Compliance, Customer, Dragon View
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June 12th, 2009 by Emily Huang - VP, Business Technology & Cofounder
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 XBRL in many countries and the recent SEC mandate, we have taken another critical look and redesigned the application so it’s better suited for preparers who need to review XBRL filings for accuracy and presentation quality.
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Tags: Compliance, Customer, Dragon View
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June 2nd, 2009 by Christy Rohrs, CPA - Director of Education Services
A Quick User’s Guide for Preparers
There are a lot of questions going around right now about when companies should be using the 2009 US GAAP Taxonomy for their XBRL filings. Per the Edgar Filer Manual located on the SEC website (http://www.sec.gov/info/edgar/edmanuals.htm), Edgar is anticipating being able to handle the 2009 Taxonomy in the third quarter of their fiscal 2009 year which is 6/30/09:
It is anticipated that in the third quarter of Fiscal Year 2009, EDGAR Release 9.15.2 will introduce the following changes: 1) the existing US GAAP Taxonomy will be upgraded to 2009 US GAAP Taxonomy. 2) The US GAAP Beta 2.0 Taxonomy will no longer be supported and 3) Submission Type SH-ER Information Table XML documents will be validated against the schema included in the Submission Type SH-ER Information Table XML Technical Specification posted on http://www.sec.gov/info/edgar.shtml. Read the rest of this entry »
Tags: CrossTag, Customer, Dragon Tag, SEC
Posted in Products, Uncategorized | No Comments »
May 20th, 2009 by Kurt Roscow, Vice President of Sales & Operations
It’s no secret that some of the first movers in the marketplace that are adopting XBRL on a practical, functional, and operational level were the large financial printers. This is even more true today, as the SEC XBRL mandate begins to wash through the economy for real. While many associations, interest groups, and advisory panels considered and debated the pros and cons related to XBRL adoption, the printers in contrast got right to work building the practice, pushing the discussions, and looking for software to help solve the problem.
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Tags: Customer, Products
Posted in Partners | No Comments »
May 18th, 2009 by Ted Stavropoulos - Director of Business Development
Corporate filers are filing their returns in XBRL with no apparent benefit to them, or worse yet, the SEC or the investment community. So what’s the point?
The point is you have to start somewhere, and that’s where we are. One of the benefits that will be driven by the data is an SEC that is enabled to more efficiently target both analysis and enforcement efforts.
At some point, we will all benefit from the data that is being submitted to the SEC via the wisdom of crowds in evaluating corporate performance. And, XBRL will be the underlying technology that enables the army of analysts to act fast.
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Tags: Analytics, Customer, Dragon View
Posted in Products | No Comments »
May 13th, 2009 by Brian Larson, CPA - Software Quality Engineer
Technorati Profile
The EDGAR system is now busily accepting live XBRL filings. Last week (week of May 4th) there were 11 new filings. I thought it would be beneficial for those who are new to XBRL to write something about preparing a valid filing. By valid, I mean something that will pass the EDGAR validations and make it into the system.
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.
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Tags: Assurance, Compliance, CrossTag, Customer, Dragon Tag
Posted in Features, Products | No Comments »
May 10th, 2009 by Ted Stavropoulos - Director of Business Development
A very clever developer once asked me, “If you knew the molecular structure of wine would it taste any better?”
I said that – like many people – although I appreciate learning how wine is crafted, I don’t care much about the molecular structure. In the end, what I wanted was to enjoy the wine with my meal.
Similarly, XBRL as a technology will enable a number of process transformations, but each of those will be front-ended by purpose-built software; the technical aspects of XBRL are certainly interesting, but only for the right audience. End users will enjoy these benefits relative to the ease of using data within the context of their own work.
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Tags: Analytics, Customer, Products
Posted in Usability | 2 Comments »
May 6th, 2009 by Emily Huang - VP, Business Technology & Cofounder
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 have already invested over 100,000 hours of development.
So, you can think of CrossTag being on the market for 2 years, but with 5 years of product development behind it.
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Tags: CrossTag, Customer, Products
Posted in Products | No Comments »
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