Even the best accountants can benefit from tools such as Rivet's tagging solution to help them create XBRL documents. Rivet's products also allowed us to keep this process in house, and their excellent professional services team ensured we were not left guessing. We made our first required XBRL filing 24 days after quarter end.

Candace Knott, T. Rowe Price
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We take compliance very seriously. We were specifically looking for a way to view our XBRL documents and understand exactly what the SEC would see without actually filing. Rivet allowed us to do this and also gave us insight into the percentage of times the tagging elements we selected were used by other companies.

Jose Garcia, JC Penney


  

Global Standards for Financial Information

Your financial reports and prospectuses are anything but standard, but now, for the first time in history, your information sources can be standardized. Not just for some limited data, but virtually any information in your company and the rest of the world, including global public filings, internal accounting systems, and virtually any company or shared database. The XBRL standard gives financial professionals unprecedented control over preparing, analyzing, and communicating financial information, whether numeric or text. read more »

Leveraging Compliance

For public companies and mutual funds, the XBRL filing requirements may seem like just another burden. But the smartest companies see compliance as only the first step on a journey towards the financial transformation of the organization. XBRL is really a revolution that frees accountants from the constraints (and sometimes the tyranny) of proprietary data formats. Imagine a world where all the systems from inside or outside your company produce information in the same format–and that you can access that information using concepts that you understand, like account codes, or investment fund series, or debits/credits. Imagine being able to drag and drop account codes from any financial source directly into your Microsoft Excel or Word document–and have the numbers and text automatically update when necessary. This is the real promise of XBRL, and Rivet is delivering it right now! read more »

The Rivet Approach

Rivet software and services allow you to incorporate XBRL compliance into your existing reporting system–and enhance the process by automatically populating reports from your internal systems–to produce benchmark reports, KPIs and various other reports, to gain insight into how other companies in your industry are reporting their financials and footnotes (including XBRL tagging information). See Rivet solutions pages for more information. read more »



  
Who Does the SEC Turn to for Financial Reporting?
   

The financial reports and Mutual Fund prospectuses available on the SEC web site were created by and supported by Rivet. We have completed four separate contracts with the SEC for presenting such information.

Rivet Software's Dragon Tag is the most common tool used by participants in the SEC's XBRL Voluntary Filing Program.    



Interview: XBRL Blog Magazine and Rivet CEO Patrick Quinlan
1/25/2010 Rivet CEO Patrick Quinlan discusses the impact and future of XBRL...


Rivet Names Patrick Quinlan CEO
1/25/2010 Rivet Software, a Denver-based company pioneering the future of global financial communications, announced that Patrick Quinlan has been promoted from President to Chief Executive Officer. Quinlan replaces Mike Rohan, who remains as Chairman, effective immediately....


X (BRL) Marks the Spot; Says SEC
1/19/2010 How does XBRL work? Patrick Quinlan, president of Denver-based firm Rivet Software, explains: "Rivet develops software for XBRL creation and viewing and web-based financial aggregation, analysis, and publishing solutions..."