Inovis BizManager™ Supports Corporate Compliance with SEC Mandate for XBRL Filing of Financial Data

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Inovis today announced that its Inovis BizManager™ family of business-to-business, service oriented architecture gateway solutions will support corporations that must comply with the SEC mandate to submit financial data or EDGAR filings to the regulatory commission using XBRL (eXtensible Business Reporting Language), a data format that utilizes XML standards. Based on the current mandate, large filing companies must comply with the mandate in early 2009 while all remaining public companies will be required to file using XBRL in 2010.

The level of regulatory compliance requirements continues to increase with the ultimate goal of providing greater transparency into the US financial markets

Standardization of SEC filings via XBRL is expected to benefit all participants in the financial information supply chain. Registrants would benefit from improved efficiency in preparation and submission of SEC filings. In addition, the use of XBRL is expected to improve the transparency of filings, increase market exposure and inspire greater investor confidence with easier access to financial data for analytical and review purposes to aid in the investment decision-making process.

"The level of regulatory compliance requirements continues to increase with the ultimate goal of providing greater transparency into the US financial markets," said Steve Cochran, Chief Marketing Officer, Inovis. "What has not changed is the fundamental need to move sensitive financial data in a secure fashion that provides tracking, historical audit trails, governance and the confidence of knowing that your organization can ensure compliance."

BizManager is a solution suite for communication and connectivity across trading communities, across corporate divisions or business units or external business partners to support information exchange regardless of differing data formats or standards. By leveraging the Internet and industry standards, BizManager manages the flow and provides for the direct, secure transport of electronic data, documents and information. BizManager leverages the latest industry standards and supports multiple transports such as AS1 (SMTP), AS2 (HTTP/s), AS3 (FTP), ebXML and other network-based protocols and Web Services.

The BizManager family of products includes:

BizLink™: Powerful, enterprise-level server solution that simplifies the management of a large and diverse community of trading partners, business partners and internal organizations. BizLink runs on the IBM AIX, HP-UX, Sun Solaris, Red Hat Linux and Microsoft Windows platforms. And, BizLink's MultiLink feature provides load balancing via distributed installation on multiple servers. BizConnect™: Java-based solution designed for small to medium-size organizations that need secure connectivity internally and with up to 25 trading partners. Organizations with constrained IT resources that prefer the Windows platform may also select BizConnect. BizManager400™: Native Java-based solution for trading partner data exchange built for the IBM iSeries (AS/400) platform. Remote access allows trading community management via a web browser interface. About Inovis

Inovis is a leading provider of Business Community Management solutions that enable companies to transact, collaborate and optimize communications with their entire trading community. By standardizing and automating mission-critical business interactions, companies can dramatically reduce the complexity and cost of supply chain communication. This foundation of high-quality, reliable and secure connectivity provides real-time visibility across the order-to-payment lifecycle. The resulting actionable intelligence enables users to proactively address supply chain issues before they impact profitability, shortening cycle times, improving productivity and increasing customer satisfaction.

With more than 20 years of expertise, Inovis delivers its products and services to more than 20,000 companies over a wide range of industries and markets across the globe. For more information, visit http://www.inovis.com.

Inovis is a trademark of Inovis, Inc.

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David Fontaine
Inovis
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