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Tag: XBRL (Page 1 of 2)

Rivet Software Releases Dragon View 6.0

Rivet Software, the provider of XBRL financial reporting and analytics solutions, announced the release of Dragon View 6.0. Dragon View 6.0 empowers business users to review and verify XBRL information. Dragon View 6.0 supports all review procedures within SOP09-1, the AICPA’s Agreed-Upon Procedures for XBRL. Dragon View 6.0 gives both public companies and auditors the ability to conduct quality and assurance checks of XBRL data and create the necessary external review and verification documentation. The SEC released a Staff Observations report on June 15, 2011 detailing common issues found in XBRL filings. Dragon View 6.0 gives business users a way to automate the review of these issues and improve accuracy and consistency across the entire filing. Dragon View 6.0 is now available in two packaging options. For companies with an existing XBRL creation tool, Dragon View can be purchased as a stand-alone review and verification solution. Rivet Software’s full auditing package includes Dragon View and CoreFiling’s Magnify, the world’s leading independent XBRL validation tool. http://www.rivetsoftware.com/

Rhapsody Services launches XBRL Software and Filing Application

Rhapsody Accounting and Advisory Services launched i-file.in, the end to end XBRL software application as well as XBRL tagging services online tool. i-file.in is specially designed to take care of the XBRL filing requirements for— large enterprises; Practicing Chartered Accountant (CA) or Company Secretary (CS); or a BPO/ KPO or an outsourcing Accounting firm. The basic features of the XBRL software tool are— cloud computing technology for universal access; multiuser under single license software; Unrestricted multiple filings; User friendly interfaces; Tagging; Review reports; Audit module; Project management; and Role based logins. The output of the entire conversion to XBRL entails generation of Instance document in XML format (machine readable). The output from any Software needs to get validated by the MCA validation tool. The MCA validation tool is based on the Taxonomy specified by MCA (available on MCA website), MCA 21 Business rules (More than 700 in number including all dependencies), and technical specifications of XBRL international and MCA. http://www.rhapsody-services.com

CompSci’s XBRL Taxonomy Search Tool Now Available to the Public

CompSci Resources, LLC, a leading provider of XBRL software and services, reported that it is making available to the public its XBRL taxonomy search tool to assist issuers and mutual funds generate their XBRL submissions to the U.S. Securities and Exchange Commission. This free tool allows public companies and mutual funds to search for any concept within a selected taxonomy and display all applicable information associated for a selected concept. CompSci’s XBRL taxonomy search tool works with the U.S. Securities and Exchange Commission’s U.S. GAAP and Mutual Fund Risk/Return Taxonomies. http://www.compsciresources.com

Rivet Software Launches Crossfire 3.0 for Financial Communications

Rivet Software, the premier provider of standards-based business reporting and analytics, announced the release of Crossfire 3.0, an enhanced software platform that simplifies the process of SEC financial filings by managing the complicated preparation and review processes. Crossfire uses eXtensible Business Reporting Language (XBRL) technology to control document progression and centralize reviewers’ comments. Crossfire 3.0 is a standards-based reporting platform that specializes in internal and external financial reporting and analytics. Based on an XBRL framework, Crossfire 3.0 simplifies the user experience by eliminating the file management issue. Rivet’s integrated solution allows its customers to control the financial reporting cycle and comply with all SEC filing needs. Crossfire 3.0 includes an integrated Reviewer’s Guide that allows preparers and reviewers to closely collaborate across multiple iterations as the filing progresses from inception to completion. With this guide, users no longer need to interact with standalone documents to review XBRL tag selections and comment information. This “single document” system streamlines the process for reviewing and approving filings in a way not previously available. Crossfire 3.0 now preserves existing tags and comments when rolling forward from one filing to the next. When new data matches an XBRL tag from the previous quarter, Crossfire recognizes the match and automatically applies the tag throughout the document. The latest release of Crossfire allows users to change XBRL-tagged data in one location and instantly apply that change to exact-matched data throughout the entire document. Crossfire 3.0 includes the ability to split the XBRL templates so a filing can be worked on by different people in parallel. Once the separate pieces are complete, a user can simply merge them back into the master file. Crossfire 3.0 is supported by Rivet’s global professional services team 24 hours a day, seven days a week. www.rivetsoftware.com

Fujitsu and Bowne Form Strategic Alliance

Bowne & Co., Inc., a provider of shareholder and marketing communications services, and Fujitsu jointly announced today that the companies have formed a strategic alliance to integrate Fujitsu Interstage XWand into Bowne’s suite of XBRL solutions. Interstage XWand provides Bowne with a complete XBRL development platform, paired with validation technology that leverages the latest XBRL specifications. Fujitsu’s Interstage XWand software, combined with Bowne’s suite of XBRL solutions, delivers a comprehensive approach to SEC Year 1 and Year 2 tagging requirements for both block and detailed Notes tagging. Additionally, the alliance benefits Bowne’s investment management and international clients who need solutions to support the SEC mutual fund risk/return summary mandate, as well as new XBRL requirements in the United Kingdom, both of which go into effect next year. Fujitsu recently announced Interstage XWand Version 11, which includes a number of key enhancements such as detailed tagging, tagging within Microsoft Word documents, the ability to extend and customize in-house validation of reports before submitting them, and out-of-the box analysis support to allow clients to more easily conduct comparisons of financial data within their companies and across multiple organizations. www.bowne.com www.fujitsu.com

XBRL US Launches First Print Publication for XBRL

XBRL US and Carveout HM Ltd announced today the first issue of XBRLglobal, a print journal created to support the accelerating adoption of XBRL as a standard business reporting language around the world. XBRLglobal is a joint effort of XBRL US and the Publisher, Carveout HM Ltd to increase the reach and pace of XBRL knowledge distribution. XBRL US Labs, which is conducting several cooperative research and development projects, recently launched a suite of software tools for XBRL document analysis and consistency checking, and anticipates adding new document tags in releases of taxonomies for corporate actions, proxy, and asset-backed securities in 2010. The quarterly journal will publish academic papers on XBRL, business reporting technologies, and open standards in the quarterly journal. XBRL US plans to issue an open Call for Papers to the academic community in the next week. Qualified industry professionals from accounting, financial services, technology, and information publishing sectors can sign up for a complimentary subscription. http://xbrl.us

Mark Logic Releases MarkLogic Toolkit for Excel

Mark Logic Corporation released the MarkLogic Toolkit for Excel. This new offering provides users a free way to integrate Microsoft Office Excel 2007 with MarkLogic Server. Earlier this year, Mark Logic  delivered a Toolkit for Word and a Connector for SharePoint. Together, these offerings allow users to extend the functionality of Microsoft Office products and build applications leveraging the native document format, Office Open XML (OOXML). Distributed under an open source model, MarkLogic Toolkit for Excel comes with an Excel add-in that allows users to deploy information applications into Excel, comprehensive libraries for managing and manipulating Excel data, and a sample application that leverages best practices. The MarkLogic Toolkit for Excel offers greater search functionality, allowing organizations to search across their Excel files for worksheets, cells, and formulas. Search results can be imported directly into the workbooks that users are actively authoring. Workbooks, worksheets, formulas, and cells can be exported directly from active Excel documents to MarkLogic Server for immediate use by queries and applications. The Toolkit for Excel allows customers to easily create new Excel workbooks from existing XML documents. Users can now manipulate and re-use workbooks stored in the repository with a built-in XQuery library. For instance, a financial services firm can replace the manual process of cutting-and-pasting information from XBRL documents to create reports in Excel with an automated system. Utilizing Toolkit for Excel, this streamlined process extracts relevant sections of XBRL reports, combines them, and saves them as an Excel file. The Toolkit also allows users to add and edit multiple custom metadata documents across workbooks. This improves the ability for users to discover and reuse information contained in Excel spreadsheets. To download MarkLogic Toolkit for Excel, visit the Mark Logic Developer Workshop located at http://developer.marklogic.com/code/, http://www.marklogic.com

JustSystems and Mark Logic Partner to Help with XBRL

JustSystems and Mark Logic Corporation announced a technology partnership that will enable enterprise organizations to streamline data aggregation, content creation and publishing of financial reports using XBRL. Driven by XBRL compliance requirements set forth by the SEC and by the need to eliminate accounting errors and fraud, JustSystems and Mark Logic will offer customers a technology integration that combines JustSystems xfy XBRL Report and MarkLogic Server. This integration option allows enterprise organizations to push complex financial XBRL content from MarkLogic Server to content applications built on the JustSystems xfy platform at any stage of a business workflow. Using this functionality, organizations can also analyze and create detailed financial reports from XBRL content and add XBRL-aware document management functionality to their existing MarkLogic Server deployments. JustSystems xfy XBRL Report lets users review and analyze XBRL data and share their results with others. To that end, xfy consumes XBRL, creating content that uses the XBRL data and publishes it in a web-ready HTML or PDF. Other users can view the published reports without any special software, just a standard web browser. http://www.justsystems.com/, http://www.marklogic.com

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