Denver, CO (PRWEB) July 20, 2009
Rivet® Software has released a new edition of CrossTag, a web-delivered, collaborative tagging solution that fully supports all XBRL functionality, including US GAAP 2009 taxonomies and the IFRS taxonomy. This release sets the standard for non-technical accounting and finance professionals who may be responsible for creating XBRL documents to file to the Securities Exchange Commission (SEC) or other agencies.
This edition of CrossTag is the 2nd major product release in the past 2 years and has been extensively tested with publicly traded companies and assurance professionals.
"Our goal is to ensure that finance and accounting professionals have the tools, support, and services they need to create their filings, even if they have no particular education in XBRL," said Michael Rohan, President, Rivet Software. "This release of CrossTag is part of our ongoing commitment to empower users with the confidence that they can fulfill the SEC's requirements without having to turn to outsourcers or undertake difficult technical training."
Users can begin by easily importing Microsoft® Office Excel spreadsheets to create reusable forms. And, through task-based workflow, teams with different skill sets and in different locations can work together. CrossTag also uses search techniques to display the tagging selections of other filing companies, providing valuable insight into the XBRL document creation process. Perhaps most importantly, taxonomy is hidden in CrossTag, protecting preparers from unnecessary complexity.
Finally, CrossTag offers a straightforward review process, so both internal and external reviewers can confirm the validity and accuracy of filings.
Rivet Software supports CrossTag users in the document creation and filing process with professional staff who have broad backgrounds in accounting, financial reporting, and XBRL.
About Rivet Software:
Rivet Software is a Denver-based company that is pioneering the future of global financial communications. Rivet develops innovative, easy-to-use software for XBRL creation and viewing and web-based financial aggregation, analysis, and publishing solutions. More than 250 companies worldwide have chosen Rivet's solutions to assist accounting, finance, and other business users improve financial communications and ensure compliance. For additional information, please visit http://www.rivetsoftware.com.
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