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Rivet customers recognizing the benefits of XBRL for analyzing data takes only secondsDecember 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 » Creating XBRL reports, so easy a customer can do it (in a demo)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 » XBRL Text Block Tagging; Easy as 1, 2, 3June 3rd, 2009 by Brian Larson, CPA - Software Quality Engineer
With the SEC’s final ruling on XBRL issued earlier this year, the commission made a decision that a filer’s first year filing shall include the footnotes and financial statement schedules tagged in blocks of text (http://www.sec.gov/rules/final/2009/33-9002fr.pdf pg 7, but labeled as pg 6781). This decision greatly simplifies the tagging process in the first year. In subsequent years, each filer will be required to create a more detailed filing but that’s a subject for another day. Let me show you how easy it is to create text blocks for your notes using Rivet Dragon Tag and CrossTag software. Conversations with Financial Printers Regarding XBRLMay 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. Realizing the Benefits of XBRL by Focusing on the UserMay 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. CrossTag – A Matured, Collaborative XBRL Tagging SolutionMay 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. The Top 5 XBRL Tagging Questions from Rivet Customers in April 2009May 4th, 2009 by Deb Griffith - XBRL Specialist
My name is Deb Griffith and I am a member of our Professional Services Team here at Rivet Software. All day long I answer the phone helping our customers with their XBRL filing process. Below is the Top 5 List of Customer Calls I have been answering in April. For further details see our “Customer Support” tab at http://www.rivetsoftware.com/Customer_Support/Default.aspx. Manage the tagging and filing process with CrossTag User Roles and WorkflowApril 15th, 2009 by Brian Larson, CPA - Software Quality Engineer
CrossTag is designed to help you manage the tagging and filing process from start to finish. We’ve put a lot of thought into making it an efficient, yet precise process in which accurate filings are produced every time you file. This post explores what CrossTag can do to help you manage a filing project. First, the system separates into two roles the template design and data entry tasks that are inherent in an XBRL filing project. In CrossTag, these two user roles are called “Preparer” and “Designer”. Each CrossTag user can be setup as either preparer or designer or both. The role of the designer is to create templates and modify taxonomies. This user needs to understand the basics of XBRL. The preparer, on the other hand, really does not need to know anything about XBRL. This person just needs to get the data into the templates created by the designer. Initially, the two user role concept was designed to allow filers to leverage lesser skilled individuals to perform the time consuming data entry duties. However, with our current beta release of the software (CrossTag Spring Release), we’ve solved this problem with technology. Tag it Your Way!March 31st, 2009 by Brian Larson, CPA - Software Quality Engineer
Whether you like the familiarity and ease of Excel or the stability and security of a solution hosted in a world class data center run by IBM, you’ll find what you’re looking for within our two tagging products, Dragon Tag and CrossTag. We create tools that allow you to tag your financial statements “your way.” As a CPA and since joining the Rivet team two years ago, I’ve come to appreciate the time commitment required to file your 10-Q’s and 10-K’s in XBRL format. Our objective is to make this process as easy as possible with intuitive, easy-to-use tools that are loaded with time saving features. Take, for instance, the “Help Me Tag” feature that’s new in the spring 2009 release of CrossTag. If you’ve ever tried to locate a specific element in the US GAAP Taxonomy, you’ve probably come away a little frustrated. Navigating through it is like trying to find your soul mate at a singles bar. You know what you’re looking for but can’t seem to find the right one. The impact of Agile development and what it means to the CrossTag customer PT 2March 27th, 2009 by Kevin Berens - CPO
How product innovation is combined with feedback from customers – the evolution of CrossTag for XBRL tagging In my last entry, I talked about how customer feedback was incorporated into the product. However, we try to balance feedback from customers in conjunction with product ideas that we think would benefit our users In the spring release we have several new features that we would like to enhance (based you’re your feedback) over the next 6 to 9 months. We are introducing the following: |
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