Click here to close now.




















Welcome!

Industrial IoT Authors: Liz McMillan, Dana Gardner, Cloud Best Practices Network, Kaazing Blog, Patrick Hubbard

News Feed Item

SEC XBRL Risk/Return Filings Available on Day 1

NEW YORK, Dec. 10, 2012 /PRNewswire-iReach/ -- SEC XBRL Risk/Return Filings Available on Day 1

The Securities and Exchange Commission ("SEC") has for two years required Mutual Fund filers to include an XBRL* version of their Risk/Return information within a 15-day grace period. Historically, the grace period was deemed necessary because of the extensive manual tagging steps that vendors currently undertake to comply with SEC standards. Now automated software enables XBRL exhibits to be created for filing on the effective date itself in accord with SEC rules.

The ProofPlus® Financial Compliance system, from Publishing Data Management, already has enabled users to control their own filings without the risk associated with sending material to third-party vendors who can introduce serious manual errors. Such errors in a recent SEC filing caused Google to lose $26 billion in market capital.

The ProofPlus® software now includes the capability of producing the required XBRL exhibits completely automatically, with no manual 'tagging' or related review steps. ProofPlus® automates the entire EDGAR filing process during which XBRL exhibits are created and associated with specific filings. For a given set of funds in a filing, the system pulls together all documents and exhibits related to those funds. PDM President Addison Roverano said "the elimination of error- prone manual processes in producing XBRL is another significant step in risk reduction for firms who have to quickly and accurately file compliance documents."

Using ProofPlus®, these XBRL files are ready for the user's own direct review anytime during the prospectus creation process. Though typically initiated at the end of the process, the XBRL review process can now begin with the first proof of a document, and at every subsequent revision. Because the same 'single source' is used to produce all formats, including XBRL and EDGAR I and EDGAR II formats, no errors can be introduced during the automated format transformations. 

According to ProofPlus® inventor Michael Krieger, "ProofPlus® is able to harness its core XML architecture to accurately track the links between tables, rows, columns, and table cells and their respective footnotes and disclosures to produce accurate XBRL. Footnotes are moved from their associated tables and properly xLinked according to XBRL standards."

ProofPlus® derives its underlying ability to enforce business and regulatory requirements, to manage content libraries, and to automate page composition, from its XML and virtual document architecture. Those methods allow each table cell to have the necessary XBRL context – Registrant, company segment, fund, class, reporting period, denomination, etc. – and an unambiguous semantic meaning within a given type of report. ProofPlus® automatically inserts XML attributes explicitly related to XBRL during data uploads of standard tables used within prospectuses.

President Addison Roverano adds "ProofPlus® meets these needs by integrating project and content management, automatic composition, workflow tools, a robust permissions set, and a formal approval process with accountability at every level."

Publishing Data Management, a private company headquartered in the Wall Street area of New York City, has been supplying services and software tools to the financial industry for over 40 years.

Contact Publishing Data Management at +1 (212) 673-3210 or [email protected] to find out how you can use these tools to eliminate frustrating manual processes in your firm's regulatory filings and electronic documents, or visit PDM's website at www.proofplus.com

* XBRL is the acronym for Extensible Business Reporting Language, written following the international standards for XML (Extensible Markup Language) and its related linking language, XLink. An initiative of the accounting industry, as reaffirmed at Basel II, XBRL aims to standardize reporting of financial facts and accounting statements so that cross-comparisons can be automated company to company. The SEC began test filings of XBRL on a voluntary basis and has since adopted a rule requiring XBRL to be delivered as part of each filing package.

Media Contact: Karen Montgomery, Publishing Data Management Inc., 212-673-3210, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

 

SOURCE Publishing Data Management Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
As more intelligent IoT applications shift into gear, they’re merging into the ever-increasing traffic flow of the Internet. It won’t be long before we experience bottlenecks, as IoT traffic peaks during rush hours. Organizations that are unprepared will find themselves by the side of the road unable to cross back into the fast lane. As billions of new devices begin to communicate and exchange data – will your infrastructure be scalable enough to handle this new interconnected world?
SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Treloar, President and COO of Bebaio, will explore examples of brands transforming their businesses by t...
The Internet of Things (IoT) is about the digitization of physical assets including sensors, devices, machines, gateways, and the network. It creates possibilities for significant value creation and new revenue generating business models via data democratization and ubiquitous analytics across IoT networks. The explosion of data in all forms in IoT requires a more robust and broader lens in order to enable smarter timely actions and better outcomes. Business operations become the key driver of IoT applications and projects. Business operations, IT, and data scientists need advanced analytics t...
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of technology leadership, Micron's memory solutions enable the world's most innovative computing, consumer,...
Through WebRTC, audio and video communications are being embedded more easily than ever into applications, helping carriers, enterprises and independent software vendors deliver greater functionality to their end users. With today’s business world increasingly focused on outcomes, users’ growing calls for ease of use, and businesses craving smarter, tighter integration, what’s the next step in delivering a richer, more immersive experience? That richer, more fully integrated experience comes about through a Communications Platform as a Service which allows for messaging, screen sharing, video...
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and analyzed? As an area of investment, how might a retail company move towards an innovation methodolo...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevOps to advance innovation and increase agility. Specializing in designing, imple...
Akana has announced the availability of the new Akana Healthcare Solution. The API-driven solution helps healthcare organizations accelerate their transition to being secure, digitally interoperable businesses. It leverages the Health Level Seven International Fast Healthcare Interoperability Resources (HL7 FHIR) standard to enable broader business use of medical data. Akana developed the Healthcare Solution in response to healthcare businesses that want to increase electronic, multi-device access to health records while reducing operating costs and complying with government regulations.
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducted a live demonstration of how quickly application development can happen when the need to comply wit...
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Architect for the Internet of Things and Intelligent Systems, described how to revolutionize your archit...
MuleSoft has announced the findings of its 2015 Connectivity Benchmark Report on the adoption and business impact of APIs. The findings suggest traditional businesses are quickly evolving into "composable enterprises" built out of hundreds of connected software services, applications and devices. Most are embracing the Internet of Things (IoT) and microservices technologies like Docker. A majority are integrating wearables, like smart watches, and more than half plan to generate revenue with APIs within the next year.
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, d...
In his keynote at 16th Cloud Expo, Rodney Rogers, CEO of Virtustream, discussed the evolution of the company from inception to its recent acquisition by EMC – including personal insights, lessons learned (and some WTF moments) along the way. Learn how Virtustream’s unique approach of combining the economics and elasticity of the consumer cloud model with proper performance, application automation and security into a platform became a breakout success with enterprise customers and a natural fit for the EMC Federation.
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of profound change in the industry.
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect their organization.