Welcome!

Industrial IoT Authors: Yeshim Deniz, Liz McMillan, William Schmarzo, Allwyn Sequeira, Pat Romanski

News Feed Item

ProofPlus®, the fully automated document system for Financial Compliance, awarded US Patent

NEW YORK, Dec. 18, 2012 /PRNewswire-iReach/ -- Publishing Data Management announced today that the United States Patent Office granted a patent to the software engine that drives ProofPlus®, its trademarked Financial Compliance system. The design allows the comprehensive automation of features not possible in any other solution currently available in the marketplace. It puts the entire process under the total control of its users rather than conventional third parties. The system integrates all aspects of creating, revising, reviewing, composing, approving and filing compliance documents with the Securities And Exchange Commission (SEC). ProofPlus® also features project and content management, automation of composed pages, creation of both EDGAR ASCII and HTML documents, and production of XBRL exhibits.

Lead inventor Michael Krieger commented that the USPO recognized his software team's inventive approach to harnessing XML to create "virtual documents" rather than static serial documents. Every time a document is opened, the system literally reconstitutes the document content from the real-time content library following XML structural requirements, business rules of the client, and content usage rules.

The system operates using a reusable 'single-source' library of all the thousands of granular content components that are used in large compliance-critical documents, each with permission controls and an audit trail of all changes, including who made the change and when. Every element, such as paragraph, head, table cell, or chart, is stored once and only once, as a separate entry in the library, and may appear in multiple locations. A revision to any content component in the library, which a user might make while working on a current document, automatically ripples through and updates all of the documents that use that component.

Because every component has a lifetime revision trail, content can also be rolled back to previous versions, or revised now to be applied later, using effectivity dates. Virtual documents enable real-time collaboration within a document and across different publications and publication periods; different work groups such as legal and fund accounting can "own" their content. Inventor Michael Krieger quips, "It's a 4D system that time travels! Changes you make now to a book apply to books to be revised in the future. And with revisions to static documents, as needed for 'stickers,' it can change the past!"

The system's patented design also enables repurposing content across document types. Using the flexibility of XML and the fact that content is not tied to any single XML element location, content can find a home in any of the many financial compliance, governance, research, and marketing materials that cite the same facts and disclosures. The list in a typical company might include shareholder reports, summary and full prospectuses, statements of additional information, Fact Sheets, Board Books, Power Point presentations, KIIDs, and dedicated marketing materials.

Systems analyst Kathie Brown recalls, "The development of ProofPlus® as a completely automated publishing system was triggered by PDM's mutual fund customers' need for collaboration and rigorous version control in preparing regulatory documents that include a lot of shared content. Sitting around a conference table with paralegals and fund accounting team members, they were talking about who was responsible for what, waiting for hand-offs, and making sure global changes got made on later books. They did all the work in Word, then threw it over the wall to a print vendor and handled version control on index cards. We all realized their internal process needed to be automated and under their control. They needed better tools and an architecture where no third parties could introduce errors into what they had already reviewed. In the new era of instantaneous electronic documents it was imperative to be error free."

President Addison Roverano adds "ProofPlus® merited the USPO's patent recognition because it takes an inventive approach to solving financial companies' mission-critical needs and risk reduction. The underlying design allows the integration of project 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 near Wall Street in 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 learn how you can use these patented tools to eliminate frustrating manual processes in your firm's regulatory filings, or visit PDM's website at www.proofplus.com  [Alternate number until Verizon service is restored from Hurricane Sandy, +1 (917) 503-3900]



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
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, will present an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He will expound on the industry issues he frequently came up against as an analyst, and...
Microservices are a very exciting architectural approach that many organizations are looking to as a way to accelerate innovation. Microservices promise to allow teams to move away from monolithic "ball of mud" systems, but the reality is that, in the vast majority of organizations, different projects and technologies will continue to be developed at different speeds. How to handle the dependencies between these disparate systems with different iteration cycles? Consider the "canoncial problem" ...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, will discuss the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information,
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing and analyzing streaming data is the Lambda Architecture, represent...
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
SYS-CON Events announced today that Linux Academy, the foremost online Linux and cloud training platform and community, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Linux Academy was founded on the belief that providing high-quality, in-depth training should be available at an affordable price. Industry leaders in quality training, provided services, and student certification passes, its goal is to c...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), will provide an overview of various initiatives to certifiy the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldw...
SYS-CON Events announced today that Loom Systems will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in S...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
SYS-CON Events announced today that HTBase will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. HTBase (Gartner 2016 Cool Vendor) delivers a Composable IT infrastructure solution architected for agility and increased efficiency. It turns compute, storage, and fabric into fluid pools of resources that are easily composed and re-composed to meet each application’s needs. With HTBase, companies can quickly prov...