DisclosureNet™ Announces New OEM Agreement with IBM

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Companies collaborate to deliver enhanced technology designed to redefine disclosure management space.

DisclosureNet™ and IBM® Cognos® Disclosure Management (CDM) can now be leveraged together to deliver one solution that will address many challenges that reporting professionals experience today.

Having combined [DisclosureNet™] technology with CDM, users can collaborate, gain valuable insights, improve efficiency and reduce costs. This will ultimately allow users to accelerate their Disclosure Management Cycles.

DisclosureNet™ announced a strategic partnership today with IBM that will allow DisclosureNet™ to redefine the disclosure market. Leading disclosure research solution, DisclosureNet™, and IBM® Cognos® Disclosure Management (CDM), can now be leveraged together to deliver one revolutionary solution that will address many challenges that reporting professionals experience today.

As innovators and industry leaders, DisclosureNet™ and IBM have aligned their complementary products to focus on the disclosure space and its associated business problems. The new solution will automate record to report processes, while enabling higher quality disclosures with quick access to standards and millions of peer filings for comparison and analysis. It is one of the only solutions in its space that is available both on the cloud and in-house.

"We are thrilled to have DisclosureNet™ select IBM® Cognos® Disclosure Management (CDM) as the enablement technology for a powerful disclosure management solution," says Ted Jandl, Business Unit Executive, OEM/ASL, IBM. "With our combined technology and industry expertise, customers will get a smart, easy to use solution that will meet the market demand for accurate and timely reporting."

IBM® Cognos® Disclosure Management (CDM) is a secure, collaborative, enterprise-scalable reporting and process automation solution that enables users to merge enterprise data with focused narrative analysis in a controlled, auditable environment.

DisclosureNet™ helps improve the quality of disclosures, while reducing risk and accelerating reporting cycles through automation. Its differentiator however, is that it enhances disclosure management with the ability to conduct peer comparisons and XBRL analyses, while providing access to accounting standards, rules and regulations. Having worked with over 500 clients including public companies and professional services firms, DisclosureNet™ is uniquely qualified to go to the North American market with this natural extension to the solution.

DisclosureNet™ will now significantly impact the office of finance and line of business leaders in two key areas – internal and external reporting – while offering competitive professional services such as XBRL tagging, training and support.

"DisclosureNet™ has always delivered an innovative product that helps professionals streamline their reporting processes," begins DisclosureNet™ CEO Stephane Jasmin, "and now, having combined our technology with CDM, users can collaborate, gain valuable insights, improve efficiency and reduce costs. This will ultimately allow users to accelerate their Disclosure Management Cycles on a secure and scalable platform."

In the coming months, DisclosureNet™ will continue to broaden its solution, specifically focusing on the needs of finance professionals and internal and external disclosure requirements. The company will continue to leverage client feedback and exercise industry expertise to evolve the product.

™ DisclosureNet is a trademark of DisclosureNet Inc.

About DisclosureNet™

DisclosureNet™ provides cloud-based and in-house enterprise disclosure management solutions and services that help improve efficiency, accuracy, control, and reduce risk in your internal and external reporting. What sets us apart is that we enhance disclosure management with the ability to conduct peer comparisons and XBRL analyses, while providing access to accounting standards, rules and regulations. Ultimately, DisclosureNet™ helps improve the quality of your disclosures and accelerates your reporting cycles.

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Lauren Triance-Haldane
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