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Rivet Delivers Production XBRL Viewer Engine to SEC
* Reuters is not responsible for the content in this press release.
DENVER, CO, Feb 10 (MARKET WIRE) --
Rivet(R) Software has delivered to the SEC the XBRL rendering engine that
will provide the ability for XBRL-based financial reports to be easily
viewed on the SEC web site. This is the fourth XBRL-related solution that
Rivet has delivered to the SEC.
"Rivet Software would like to congratulate the SEC for taking this
historic leadership role in the drive to unlock the power of the financial
information," says Michael Rohan, President of Rivet Software. "The
decision sets in motion forces that will enhance transparency,
comparability, and speed to analyze financial information for years to
come, at a time when the global financial markets are demanding this type
of clarity."
SEC Filers are faced with a challenge now that Interactive Data filings
have been mandated by the SEC. With the proper software and education
compliance with the mandate will be much easier. Rivet has already
invested over 100,000 hours developing easy-to-use XBRL software and
helping accounting and finance professionals create XBRL filings. Rivet
provides solutions to help filers comply with the SEC's XBRL
filing
requirements:
-- Software: Rivet's DragonTag(R) XBRL Enabler, was recognized by the
Journal of Accountancy as the most common tool used by participants in the
SEC's XBRL Voluntary Filing Program. And Rivet recently released the
CrossTag(TM) XBRL Creator. CrossTag is a web-based, collaborative tagging
solution that shields preparers from the complexity of XBRL. It is an
enterprise-grade application that minimizes the impact of XBRL on end-
users; CrossTag's role-based approach provides separate functionality for
template designers, document preparers, and reviewers (e.g. CFO, internal
audit, external audit).
-- Services: Rivet has invested heavily in developing a world-class
customer support team to assist SEC filers with Rivet's solutions and
learning about XBRL. Rivet's professional services team provides support to
help customers create XBRL templates and an extended taxonomy that can be
re-used in subsequent filings. Rivet team members have extensive
backgrounds in accounting and finance to better assist clients in report
design, taxonomy extension and product usage.
-- Partnerships: Rivet relies extensively on partnerships to help deliver
effective solutions to the financial community. Partners who include Rivet
products as part of their solutions include AICPA, Bowne & Co., DG3,
Marketwire, and PR Newswire/Vintage Filings.
Availability: DragonTag, CrossTag, and Dragon View are all generally
available today directly from Rivet or through partners.
About Rivet Software:
Rivet develops innovative, easy-to-use Financial Communications and
Analysis software, including XBRL creation and viewing applications, and
Crossfire(R) Analyst, a web-based financial aggregation, analysis and
publishing solution designed for accounting, finance and other business
users. Rivet Software, based in Denver, Colorado, supports its products
with training, user assistance and consulting services. Rivet has provided
software and assistance to over half of the filers in the SEC Voluntary
Filing Program. For additional information, please visit
www.rivetsoftware.com.
Copyright 2009 Rivet Software, Inc. All rights reserved. Rivet, i-Fi,
Crossfire, CrossTag, DragonTag and DragonView are either registered
trademarks or trademarks of Rivet Software, Inc. in the United States and
other countries. XBRL is a registered trademark of XBRL International,
Inc. All other trademarks are the property of their respective owners.
Copyright 2009, Market Wire, All rights reserved.
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