Rivet Software - Latest News

Three Ways to Validate XBRL

Thu, 10 May 2012 12:00:00 +0000

Jordan joins the Rivet Sales Team and gives a shout out to XBRL Cloud and CoreFiling.

A closer look at amended filings and XBRL

Tue, 08 May 2012 12:00:00 +0000

Jordan Woodard reviews the causes of the rise of filing amendments since the XBRL mandate.

Webinar Announcement: Mastering Detail Footnote Tagging

Fri, 04 May 2012 12:00:00 +0000

Getting detail footnote tagging right requires experience… and a lot of it. With over 2,000 detail footnote filings prepared and submitted to date, the Rivet team has learned a thing or two along the way. Join us for a fun, interactive session and learn how to avoid detail footnote tagging’s common pitfalls and get up-to-date with the latest best practices to ensure your team makes a smooth transition.

The Invisible Hand Lifts the Usage of XBRL

Thu, 03 May 2012 12:00:00 +0000

Raul Varela, CFA explains how Adam Smith’s concept of the invisible hand is related to XBRL adoption.

From the Trenches – Why it is prudent to hire experts to build your XBRL foundation

Tue, 01 May 2012 12:00:00 +0000

Jordan Woodard explains why expertise in detail footnote tagging is critical for building out a solid XBRL foundation.

Rivet Software Appoints Jennie Hoff as Chief Operating Officer

Thu, 05 Apr 2012 12:00:00 +0000

Rivet Software, the premier provider of standards-based business reporting and analytics software, announced today the appointment of Jennie Hoff as the company's Chief Operating Officer. As COO, Hoff will oversee the daily operations of Rivet Software. In addition, she will lead Rivet’s software development initiatives to meet the changing needs of both public and private companies. Hoff will join the executive team to continue providing software solutions that empower organizations to gain control over their disclosure and financial reporting processes.

Rivet Software Names Mike Rohan as CEO

Tue, 13 Dec 2011 12:00:00 +0000

Rivet Software, the leading provider of XBRL financial reporting and analytics solutions, has announced the return of company co-founder, Mike Rohan, as Chief Executive. Rohan’s return reflects the changing requirements of SEC filing companies as their needs shift from services-based XBRL training and implementation into more robust software solutions that provide more control over the entire closing and financial reporting process.

ICAEW IT Faculty prize awarded to creators of iXBRL

Thu, 20 Oct 2011 12:00:00 +0000

The ICAEW IT Faculty prize has been awarded this year to John Turner, former CEO of CoreFiling Ltd and Philip Allen, Chairman of Corefiling Ltd, the creators of the new Inline XBRL (iXBRL) standard. The prize was presented at the Sift Software Satisfaction awards ceremony.

John Turner Joins Rivet Software as Executive Advisor

Wed, 21 Sep 2011 12:00:00 +0000

Rivet Software, the leading provider of XBRL financial reporting and analytics solutions, has announced the appointment of John Turner as Executive Advisor. Turner’s extensive experience in the development of both XBRL (eXensible Business Reporting Language) and iXBRL (inline eXtensible Business Reporting Language) make him a great asset as Rivet continues to evolve its product offerings.

Mandated Data Tagging Makes SEC Reports Useful to Investors

Mon, 19 Sep 2011 12:00:00 +0000

Forbes reviews the benefits of XBRL data for companies and investors. Featuring commentary from Rivet Software's Raul Varela and Edgar Online's David Frankel.

Rivet Software Produces Record Number of XBRL Filings in Q2 - Inc 500 Award Winning Tech Company Supports Over 1500 Public Companies with Rivet’s Crossfire Software Platform

Wed, 24 Aug 2011 12:00:00 +0000

Inc 500 Award Winning Tech Company Supports Over 1500 Public Companies with Rivet’s Crossfire Software Platform. Rivet Software released Q2 reporting period performance results showing the highest number of filings produced to date for the company. Rivet Software streamlines public companies’ internal and external financial reporting using XBRL, the new global language of finance. The SEC began requiring filings in XBRL in early 2009 and Rivet has now served over 1500 public companies, including 31% of the Fortune 500.

Rivet Software, Leading Provider of XBRL Solutions, Releases Dragon View 6.0

Mon, 15 Aug 2011 12:00:00 +0000

Rivet Software announces the release of Dragon View 6.0. Dragon View empowers business users to review and verify XBRL information. By ensuring completeness, accuracy, and consistency of their XBRL data before filing, users save time and eliminate costly mistakes in this business critical process. Dragon View 6.0 ensures compliance with SOP09-1, the AICPA’s Agreed-Upon Procedures for XBRL.

Rivet Software to Host Panel on Corporate Sustainability at the American Accounting Association's 2011 Annual Meeting in Denver

Thu, 04 Aug 2011 12:00:00 +0000

Patrick Quinlan, Rivet’s CEO, will moderate a panel at the 2011 American Accounting Association Annual Meeting on corporate sustainability. The event will be held in Denver from August 6-10, 2011. Corporate sustainability guidelines and reporting are becoming more and more commonplace as companies start to integrate social responsibility and sustainability into their core business processes and strategies. Our panel experts will discuss some of the key benefits and reasons why companies should consider integrating corporate sustainability guidelines into their existing policies and processes.

XBRL Enters the Final Phase

Tue, 02 Aug 2011 12:00:00 +0000

Compliance Week article provides an overview of where the largest public companies are in their XBRL journey and some predictions for what's to come for non-accelerated filers facing their first XBRL filing submissions. Comments provided by Raul Varela, Rivet Software; Paul Penlar, Ernst & Young; Dan Roberts, raas-XBRL; Sean Denham, Grant Thornton; and Mike Willis, PwC.

Peer Review: An Internal Control for the XBRL SEC Tagging Mandate

Sun, 31 Jul 2011 12:00:00 +0000

Strategic Finance article written by Kristine Brands, CMA, CPA delves into ways filers such as Microsoft are overcoming challenges through the use of peer reviews and software solutions to help them make informed tagging choices in their XBRL filings.

Rivet Software Wins Technology Company of the Year at the 2011 CSIA Apex Awards

Thu, 14 Jul 2011 12:00:00 +0000

Today Rivet Software, the leading provider of financial reporting and analysis software, has been named Technology Company of the Year by Colorado’s largest technology association, CSIA. The Apex Awards are prestigious technology awards recognizing outstanding accomplishments and leadership by Colorado’s advanced technology industry. Rivet was the only finalist for multiple awards, including Product of the Year and Executive of the Year.

Rivet Software Releases Crossfire 4.1

Wed, 13 Jul 2011 12:00:00 +0000

Today Rivet Software, the leading provider of standards-based reporting software, announced the release of Crossfire 4.1. This upgraded version includes scalability and performance features to improve clients’ entire internal and external financial filing lifecycle. “We are thrilled about today’s release because Crossfire’s enhanced features are geared to make the filing process even easier and smoother for our clients,” says Philip Winterburn, CIO of Rivet Software.

CoreFiling and Rivet Software Partner to Help Companies Achieve SEC Compliance

Thu, 7 Jul 2011 12:00:00 +0000

CoreFiling, the leading XBRL software vendor, and Rivet Software, the leading provider of financial reporting solutions, today announced a partnership under which Rivet will offer CoreFiling’s Magnify as part of a solution to help SEC filers achieve accuracy in their XBRL filings. Under the reseller agreement, Rivet will market Magnify to help SEC filers assess the quality and compliance of their financial disclosures before submission.

Rivet Software Hires Over 70 Local Job Seekers

Fri, 24 Jun 2011 12:00:00 +0000

State helps Rivet fill sudden need for workers. Denver Business Journal article outlining how state and local governments worked with local company, Rivet Software, to hire more than 70 people in 10 days.

Rivet Software Wins Red Herring Top 100 Award

Thu, 16 Jun 2011 12:00:00 +0000

Red Herring has announced Rivet Software as a recipient of the prestigious 2011 Red Herring North America Award. Companies were evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration.

Rivet Software Testifies in Support of Chairman Issa's Spending Transparency Bill

Wed, 15 Jun 2011 12:00:00 +0000

CEO of Rivet Software, Patrick Quinlan, gives testimony on how XBRL will help create transparency in federal spending. Yesterday Patrick Quinlan, CEO of Rivet Software, testified before the Committee on Oversight and Government Reform. The hearing, “ Achieving Transparency and Accountability in Federal Spending,” was held at the Rayburn House Office Building in Washington D.C. and is a follow up to the hearing held in March titled, “ Transparency through Technology: Evaluating Federal Open-Government Initiatives.”

CSIA announces Apex Awards nominees - Rivet Software and Patrick Quinlan, CEO of Rivet, receive nominations

Mon, 6 Jun 2011 12:00:00 +0000

CSIA, Colorado’s Technology Association, has announced Rivet Software as one of the nominees for the 11th annual Apex Awards. Winners and finalists will be announced live on July 12, 2011, at the evening event program at The Robert and Judi Newman Center for the Performing Arts at the University of Denver.

Rivet Software Recognized as One of the CIO 100 Award Honorees

Thu, 2 Jun 2011 12:00:00 +0000

CIO magazine has announced Rivet Software as an honoree in the 24th annual CIO 100 Awards. This awards program recognizes companies around the world who exemplify the highest level of operational and strategic excellence in information technology (IT).

Rivet Software is a Finalist for the 2011 Red Herring 100 Award

Wed, 18 May 2011 12:00:00 +0000

Rivet's Crossfire considered an emerging technology driving economic growth. Red Herring announced today that Rivet Software is a finalist for the prestigious Red Herring 100 Award. This annual award recognizes the organizations in North America who create and implement the best, most innovative technology.

CEO of Rivet Software selected as a finalist for the Ernst & Young Entrepreneur of the Year award

Fri, 13 May 2011 12:00:00 +0000

Celebrating 25 years of the Entrepreneur Of The Year awards, Ernst & Young LLP has selected its finalists for the newly formed Mountain Desert region. Awards are given to entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance, and personal commitment to their businesses and communities.

Colorado Governor Joins Rivet Software to Celebrate Its Exceptional Success at Job Creation

Wed, 11 May 2011 12:00:00 +0000

Governor John Hickenlooper Will Attend New Employee Welcome Event in Recognition of the Company's Achievements and 70 Recent New Hires. Rivet Software, a Denver-based company pioneering the future of global financial transparency, announced today that Governor Hickenlooper will attend its New Employee Welcome Event at noon on May 16. This event, to be held at Rivet's corporate headquarters, will recognize new employees and celebrate the positive impact of their success on the Colorado economy.

Doing the right thing: A different take on business

Fri, 22 Apr 2011 12:00:00 +0000

Does committing constant, genuine actions in business result in lower turnover, greater productivity, and innovation? The Denver Business Journal and Rivet Software CEO Patrick Quinlan seem to think so.

VIDEO: 4/18 meeting of the U.S. House Committee on Oversight and Government Reform in San Jose, CA

Tue, 19 Apr 2011 12:00:00 +0000

Members of Congress came to the high-tech universe for ideas on how to help the industry grow faster. Featuring Milo Medin, Google Access Services Vice President; Stuart McKee, Microsoft Public Sector Tech Officer; Patrick Quinlan, Rivet Software CEO; and Rep. Darrell Issa, (R) Government Reform Committee Chair.

International Filers May Get Reprieve on XBRL Reporting Deadline

Tue, 19 Apr 2011 12:00:00 +0000

Compliance Week calls on the expertise of Rivet Software's Phil Mennona in a recent article covering the XBRL requirements of foreign private issuers filing in the United States using International Financial Reporting Standards (IFRS)...

CEO of Rivet Software Testifies before U.S. House Committee on Oversight and Government Reform

Tue, 19 Apr 2011 12:00:00 +0000

Patrick Quinlan testifies on how visionary SEC mandate creates data transparency and high tech jobs...

Philip Winterburn named CIO of the Year

Fri, 15 Apr 2011 12:00:00 +0000

The Denver Business Journal has announced that Philip Winterburn, CIO of Rivet Software, is the recipient of the CIO of the Year award...

Transparency, the Easy Way - Obama Has a Shot at Giving Taxpayers the Info They Need

Wed, 13 Apr 2011 12:00:00 +0000

Patrick Quinlan presents the case for how XBRL can assist in providing greater data transparency to the general public by making data more accessible and by elevating the usefulness of information to deliver true transparency...

Much More Than Another SEC Mandate: How XBRL Can Help You Make Better Business Decisions

Fri, 25 Mar 2011 12:00:00 +0000

Patrick Quinlan, CEO of Rivet Software, outlines how XBRL transforms stagnant data into valuable information that empowers executives to make better-informed decisions...

Webinar Announcement: XBRL Data Comparison and Analysis

Fri, 25 Mar 2011 12:00:00 +0000

Join us for a demonstration of how existing XBRL data can be leveraged in analysis. We’ll show you how to save valuable time in your XBRL tagging process. Know what tags were selected by other companies in your industry (your peers), what tags they used, what tags they avoided, and what elements they extended. Learn how to create sophisticated custom reports, and distribute them via a secure reporting environment, within the familiar Microsoft Excel interface...

Rivet Software Launches Online Training Center for Financial Reporting Professionals

Thu, 17 Mar 2011 12:00:00 +0000

Rivet Software, the leading provider of financial reporting software and services, has developed an online education center, Rivet University, with 24/7 access to training and help. The learning center's core curriculum is designed to help companies create in-house expertise for XBRL tagging and SEC financial reporting...

Rivet Software Launches XBRL Comparative Report

Wed, 9 Mar 2011 12:00:00 +0000

Rivet Software announced today the release of the XBRL Comparative Report, a new report that allows companies to quickly and easily analyze the XBRL tags used across companies in SEC filings. Rivet's XBRL Comparative Report enables users to view the XBRL tag selections used by other filers within their industry. With this report, users gain valuable insight into commonly used tags, tags to avoid, and elements other companies have extended...

New Case Study: Quicksilver Resources

Fri, 4 Mar 2011 12:00:00 +0000

When the Securities Exchange Commission (SEC) mandated that all public companies prepare and submit their financial filings in eXtensible Business Reporting Language (XBRL) format, Quicksilver knew its lean accounting team did not have the capacity or expertise to take on this additional burden. It clearly needed help. While Quicksilver was used to searching around for natural resources, locating a partner to assist with its financial filings was unexplored territory...

As XBRL Evolves, Unique Tags Threaten Its Usefulness

Tue, 1 Mar 2011 12:00:00 +0000

Rivet Software Co-Founder and VP of Business Technology, Emily Huang, comments on the use of extended elements heading into the next phase of XBRL adoption...

Rivet Software Looking For 40 New Employees

Wed, 16 Feb 2011 12:00:00 +0000

Financial Reporting Leader Seeks to Fill Positions Immediately to Meet Growing Demand from Publicly Traded Companies and Mutual Funds...

Rivet Software's Patrick Quinlan discusses Open House and Hiring 40 Employees - NBC 9News

Tue, 15 Feb 2011 12:00:00 +0000

Rivet Software's Patrick Quinlan appears on NBC 9News to promote a career fair open house to be held at Rivet's headquarters. Rivet has grown from 75 to over 400 employees and will be hiring an additional 40 employees in the Denver area...

2011 US GAAP Financial Reporting Taxonomy: The Journey Continues

Thu, 10 Feb 2011 12:00:00 +0000

In my last Blog post about the 2011 taxonomy I explained how Rivet is preparing to support the changes from the old 2009 taxonomy to the new 2011 taxonomy. We have built our platform using the draft version of the 2011 taxonomy and are currently laying in the updated taxonomy that was delivered to the SEC On January 17th. The 2011 taxonomy has changed quite a bit from the draft version to the more finalized version delivered to the SEC, a summary of the change includes...

Concerns raised with SEC about XBRL filing crunch

Wed, 9 Feb 2011 12:00:00 +0000

Dominic Jones of the IR Web Report discusses concerns that have been raised about the readiness of service providers to meet the needs of the more than 8,000 smaller companies that must begin filing reports in eXtensible Business Reporting Language (XBRL) for the first time this July...

Rivet Software CIO, Philip Winterburn, Announced as a 2011 “Celebrity” at C-Level @ A Mile High

Fri, 4 Feb 2011 12:00:00 +0000

Rivet Software today announced its Chief Informational Officer, Philip Winterburn, has been selected as a "celebrity" participant for the CSIA C-Level @ A Mile High event on March 10, 2011. C-Level @ A Mile High is Colorado’s biggest technology networking event and is designed to help increase the relationships and business done between Colorado technology companies...

Patent casts doubt on investor access to XBRL

Thu, 3 Feb 2011 12:00:00 +0000

Concerns are being raised that a patent issued to private company EDGAR Online Inc. (NASDAQ: EDGR) will restrict investors’ access to tools that enable them to quickly analyze company financial information in the regulatory mandated eXtensible Business Reporting Language (XBRL)... From a competitive standpoint, industry observers point to Denver, Colorado-based Rivet Software, a leading provider of XBRL tools, as potentially being most impacted by EDGAR Online’s patent...

Inside Track with Broc: Raul Varela on Law Firms Providing XBRL Services

Wed, 2 Feb 2011 12:00:00 +0000

Podcast with Rivet Software's Raul Varela. In this podcast, Raul provides insight on how law firms can be involved in providing XBRL services including the options available to law firms for incorporating XBRL services into their offerings and the factors law firms should consider when determining an XBRL partner...

Interactive Filings May Lead to Benchmarking

Mon, 24 Jan 2011 12:00:00 +0000

Software developers are using XBRL to permit fund companies to compare their offerings to those of rivals as well as to performance benchmarks...

Tips For The Next Wave Of XBRL Filers

Thu, 20 Jan 2011 12:00:00 +0000

It's 2011. Do you know where your interactive data is? If you're one of the thousands of companies that have to submit their first financial reports tagged in XBRL to this summer, you ought to be preparing for that task now...

Denver-Based Tech Company Experiences Explosive Growth in 2010

Thu, 13 Jan 2011 12:00:00 +0000

Rivet Software, the leading provider of standards-based business reporting and analytics, released annual performance results that chart substantial growth from quarter to quarter in 2010. The tech company supports hundreds of publicly-traded companies, including 25% of the Fortune 500, with financial reporting that is compliant with Securities and Exchange Commission (SEC) regulations for XBRL. In 2010, Rivet closed out Q1 as the fifth-largest XBRL software and service vendor. The company finished Q4 as the leading provider, capturing more than 28% market share...

Text vs. Tag Analytics

Wed, 12 Jan 2011 12:00:00 +0000

InvestorScopes is a great site for searching S.E.C filings for keywords and generating charts that trend those keywords over time. Once they combine this with data extracted from Twitter and the blogosphere they will have a very rich content solution for tracking and contextualising interesting stuff that is emerging from the S.E.C. filing ecosystem. When our VP of R&D Emily Huang first alerted me to this site I assumed that it leveraged the XBRL filing data...

What you missed: Businesses are resisting the XBRL mandate (The No. 9 top sleeper tech story of 2010)

Fri, 31 Dec 2010 12:00:00 +0000

The big federal push to make publicly traded companies file financial statements using XBRL (Extensible Business Reporting Language) is running into surprisingly stiff resistance. While almost no one would argue that standardization isn't a good thing, some companies have decided that automating with the data standard is simply too complex and thus aren't complying. In a national survey of CFOs and senior comptrollers conducted by Grant Thornton...

Webinar Announcement: 2011 US GAAP Taxonomy Appetizer

Tue, 28 Dec 2010 12:00:00 +0000

Whet your XBRL palate with this informative webinar that will give you taste of what to expect with the new taxonomy changes proposed for this year. The 2011 US GAAP Taxonomy includes 1,900 new elements, 500 new deprecated tags and 2,200 definition changes. More than 80% of recent XBRL reports will be affected by the deprecated tag changes alone. These numbers sound overwhelming, especially given the amount of work it took to get this far. But there are things your company can and should start doing now to prep for a smoother transition.

Rivet Software Makes XBRL History with First Mutual Fund Filings

Wed, 22 Dec 2010 12:00:00 +0000

Technology firm leads way in complying with new SEC mandate for risk/return summaries. Rivet Software, the leading provider of standards-based business reporting and analytics, successfully created two risk/return summaries that were submitted to the Securities and Exchange Commission (SEC) in eXtensible Business Reporting Language (XBRL) format. These XBRL filings for mutual fund companies were the first filed with the SEC in compliance with a new mandate that officially takes effect on January 1, 2011.

Rivet Software Releases Crossfire 3.5

Thu, 16 Dec 2010 12:00:00 +0000

Latest version of most tested, used and proven XBRL software features a host of new features and functionality. Among the most anticipated new features of Crossfire 3.5 is “Auto-Tagging Support” which is the next generation of the product’s popular "Help Me Tag" feature. Auto Tag can recommend tags for all items in a financial statement, or selected items, based on predefined parameters set by the user.

Rivet Emerges as XBRL Leader in Q4: The Story Behind the Numbers

Tue, 07 Dec 2010 12:00:00 +0000

As a company with roots firmly planted in the financial reporting industry, we LOVE numbers. In fact, it’s just about impossible to throw a calculator anywhere in our office without hitting an accountant with his or her head buried in a financial statement. So you can imagine the delight that ripples throughout Rivet’s headquarters when we reach a new milestone dictated by numbers.

Rivet Software Captures Lead in XBRL Marketplace

Tue, 07 Dec 2010 12:00:00 +0000

Quarterly SEC filings comparison demonstrates aggressive, scalable growth for XBRL software and service provider. An independent analysis of Securities and Exchange Commission (SEC) financial filings on the Cloud EDGAR Dashboard through November 24, 2010 reveals Rivet Software has gained substantial market share from quarter to quarter in 2010. The number of quarterly eXtensible Business Reporting Language (XBRL) filings submitted through Rivet has increased more than 400% from Q1 to present. Additionally, Rivet's accuracy rate is among the highest of all XBRL vendors.

2011 Predictions: The Technology World to Come

Wed, 01 Dec 2010 12:00:00 +0000

Analyst Randy Johnston, MCS, MCP outlines technology trend predictions for 2011, including a focus on analytics in dashboards or Excel components, such as Rivet Software's Crossfire which has the capability of reporting XBRL financials via Excel.

Technology 500 List Announced

Wed, 01 Dec 2010 12:00:00 +0000

Lead411 announced today the final rankings of its Technology 500 list of the fastest growing tech companies in the US., including Denver-based Rivet Software.

Don't just sit there at work, stand up to stay alive

Sun, 21 Nov 2010 12:00:00 +0000

MSNBC report on the negative side effects of sitting too much during your workday, featuring Patrick Quinlan, CEO of Rivet Software...

Critical Questions to Ask When Choosing an XBRL Provider: Part Three – Software Demos

Wed, 17 Nov 2010 12:00:00 +0000

My last blog post about Style vs. Substance is a natural precursor for a candid discussion about product demos. When searching for an XBRL provider to support your SEC financial filing needs, participating in a software demonstration is extremely important. Even more important, you need to be prepared to view the demo with a critical eye...

Rivet Software Announces Crossfire Compliance for Mutual Funds

Mon, 15 Nov 2010 12:00:00 +0000

Rivet Software, the premier provider of standards-based business reporting and analytics, announced today the availability of Crossfire Compliance for Mutual Funds, a powerful software application designed specifically to support the reporting and analysis needs of mutual fund companies...

Critical Questions to Ask When Choosing an XBRL Provider: Part Two – Style vs. Substance

Tue, 09 Nov 2010 12:00:00 +0000

To build on my previous post about getting the right support from your XBRL vendor, I’d like to share some additional food for thought in navigating the world of financial reporting providers...

Rivet Software Appoints Barry Capoot as Chief Financial Officer

Mon, 08 Nov 2010 12:00:00 +0000

Rivet Software, the premier provider of standards-based business reporting and analytics, announced today the appointment of Mr. Barry Capoot as the company's chief financial officer. As chief financial officer, Mr. Capoot will focus on delivering operational excellence by overseeing the daily financial operations of Rivet Software. In addition to financial management and department leadership, he will work closely with the executive team to drive Rivet's overall business strategy...

Critical Questions to Ask When Choosing an XBRL Provider: Part One – Support

Tue, 02 Nov 2010 12:00:00 +0000

Today’s publicly-traded companies have more choices than ever when it comes to selecting an XBRL provider. For better or worse, new financial reporting companies seem to be setting up shop on a daily basis. A Google search for “XBRL software” churns out nearly 350,000 results. So, how do you filter through this clutter and noise to find an XBRL provider that will meet your needs?

8 Notable Trends in the Changing Accounting Software Landscape

Mon, 01 Nov 2010 12:00:00 +0000

CPA Technology Advisor outlines the progress in accounting and financial reporting software and what to consider when determing the software that best fits your company's needs...

Sustainability Reporting: Using Data to Measure the Benefits of Going Green

Thu, 28 Oct 2010 12:00:00 +0000

Rivet Software CEO Patrick Quinlan puts corporate financial performance and corporate environmental, social, and governance (ESG) behavior - jointly known as sustainability reporting - into context, explaining how companies can benefit from leveraging data to provide transparency into environmental practices...

XBRL Can (and Should) Do for the U.S. Government What It’s Currently Doing for Publicly-Traded Companies

Wed, 27 Oct 2010 12:00:00 +0000

It was with great enthusiasm that I read the OpEd that was just published in the Washington Examiner (10/26/10, Technology is key to achieving 21st century transparency in government). Representative Issa makes reference to how XBRL technology can be used to shine light in the dark recesses of government spending and reporting...

XBRL: To Insource Or To Outsource?

Mon, 25 Oct 2010 12:00:00 +0000

With little more than two months to go, many mutual fund complexes are still facing the question of whether to handle the task in-house or job it out. Rivet Software offers choices to Mutual Funds allowing them to insource or outsource their XBRL compliance...

Good news happens when you don't stop hoping

Mon, 25 Oct 2010 12:00:00 +0000

Denver Post features Rivet Software's continued growth and Rivet team member, Matt Elmshauser, for his job seeking perserverance...

Let's talk about XBRL

Fri, 15 Oct 2010 12:00:00 +0000

CFO World interviews Rivet client Joe Wakham of National Health Investors about their decision to use Rivet Software's Crossfire for XBRL reporting. "The ability to dynamically link our [general ledger] software to our reporting process was a significant factor in our decision to bring the XBRL tagging in-house," explains Wakham. "Making the best of Crossfire has required some staff training, but having the capabilities in-house is enabling the company to manage compliance, streamline some of its data transfer process, and exploit some of the other non-compliance benefits."

Rivet Software Launches Crossfire 3.0 to Transform and Simplify Financial Communications

Mon, 04 Oct 2010 12:00:00 +0000

Crossfire Financial Reporting Platform streamlines workflow processes to improve turn times for financial statement filings...

Rivet's Crossfire is the Most Tried, Proven and Used XBRL Financial Communication Solution on the Market

Mon, 27 Sep 2010 12:00:00 +0000

Crossfire is the only XBRL platform used both externally by customers and internally by the professional services team for preparing and analyzing business data...

Rivet's timing with XBRL fits perfectly with SEC regs

Fri, 17 Sep 2010 13:52:31 +0000

Rivet Software featured in Denver Business Journal for its continued recession-beating growth...

Top Company Finalists: Colorado's most competitive business award

Wed, 01 Sep 2010 14:03:54 +0000

Rivet Software announced as a finalist for Top Company in Colorado award by ColoradoBiz magazine...

XBRL not as easy as ABC, but there's help

Fri, 06 Aug 2010 12:22:01 +0000

Rivet Software featured in Denver Business Journal article detailing leading XBRL solutions...

Accounting Best Practices Podcast: XBRL Tagging (Guest: Patrick Quinlan, CEO of Rivet Software)

Mon, 27 Jul 2010 9:01:24 +0000

Accounting Best Practices with Steve Bragg interviews Rivet Software CEO, Patrick Quinlan

Rivet Software Announced as Finalist in 2010 Apex Awards

Fri, 16 Jul 2010 14:22:51 +0000

CSIA, Colorado’s Technology Association, today announced the winners of the 2010 Apex Awards. Winners and finalists were awarded and announced at last night’s program.

Thomson Reuters: Public Companies, XBRL Service Providers Lobby for Deadline Extension

Mon, 12 Jul 2010 21:49:02 +0000

A provision of the SEC's XBRL rule making that analysts have been anticipating, the detailed tagging of footnotes, recently went into effect. The change has added to an already heavy workload for corporate controllers and their staffs as they try to meet the second-quarter regulatory filing deadline. At the moment, there doesn't appear to be any relief in sight.

XBRL Innovators Interview: Rivet Software

Thu, 08 Jul 2010 12:07:11 +0000

Bernard Lunn talks with Patrick Quinlan (CEO) and Kevin Berens (VP, Products) to get some insights into what is happening in XBRL land.

Rivet Software Nominated for a 2010 CSIA Apex Award

Wed, 23 Jun 2010 9:14:44 +0000

CSIA, Colorado’s Technology Association, today announced the list of nominees for the 10th annual Apex Awards. Winners will be announced live on July 15, 2010, at the evening event at The Robert and Judi Newman Center for the Performing Arts.

Interview with NBC news

Fri, 11 May 2010 12:07:11 +0000

Patrick Quinlan talks with NBC 9News about Governor Bill Ritter, Rivet's growth, job openings, the SEC XBRL mandate, and the future of Rivet Software.

Denver Software Company to Expand Workforce

Tue, 11 May 2010 11:21:47 +0000

A Denver-based company that developed a financial reporting system for companies is adding another 40 employees. Gov. Bill Ritter was set to join Rivet Software officials Tuesday to announce expansion of the company's workforce. The company says it hired nearly 100 employees over the past year and has enjoyed a 50 percent increase in business.

Introducing our 2010 Forty Under 40

Fri, 12 Mar 2010 9:03:24 +0000

The Denver Business Journal is pleased to introduce its 14th annual "Forty Under 40," featuring a diverse group of young, dynamic business leaders whose efforts in the office and in the community are shaping the future of the Denver area.

Stay-at-home moms perfect fit for firm

Sun, 28 Feb 2010 15:52:03 +0000

Q&A with Patrick Quinlan, CEO of Rivet Software about XBRL, hiring stay-at-hom moms, and adventure racing.

XBRLblog.com Interview with Patrick Quinlan

Mon, 25 Jan 2010 13:44:18 +0000

Rivet CEO Patrick Quinlan discusses the impact and future of XBRL. Topics include implementation of XBRL for internal reporting, data consolidation, problems with XBRL adoption, and key trends.

X (BRL) Marks the Spot; Says SEC

Tue, 19 Jan 2010 18:01:32 +0000

How does XBRL work? Patrick Quinlan, president of Denver-based firm Rivet Software, explains: "Rivet develops software for XBRL creation and viewing and web-based financial aggregation, analysis, and publishing solutions..."

Patrick Quinlan (Rivet Software) explains the importance of #XBRL to Scott Drake (Legal Broadcast Network) - click link to listen

Wed, 30 Dec 2009 17:26:11 +0000

Under Sarbanes Oxley regulations, CEOs and CFOs of publicly traded companies in the United States can now be held criminally liable for the accuracy of financial information, yet these officers usually have little control or knowledge of how this information is gathered and analyzed. This indicates a system that increases transparency, accuracy and helps streamline financial; reporting could be quite popular. Scott Drake interviews Patrick Quinlan the president of Rivet Software. Rivet has created such a product. Rivet Software clients include securities companies, mutual funds, publicly traded companies of all sizes and agencies of the federal government.

Denver Software Company Adding Skilled Accountants as its Business Grows

Mon, 07 Dec 2009 20:53:32 +0000

At least one Denver company is bucking the current trend, and adding more jobs while its business continues to grow. It can be a great opportunity for stay at home parents if they have the right skills. Ten years ago, Charlie Hymer left her job as a Certified Public Accountant to raise a family. Now thanks to Denver-based Rivet Software, she's started working from home demonstrating the company's new accounting and transparency software to other corporate accountants.

Rivet Nails Demand for Hot Product

Fri, 27 Nov 2009 19:13:37 +0000

XBRL spells growth for Rivet Software. The Douglas County-based company has become a leader in handling a soon-to-be-mandatory product, eXtensible Business Reporting Language (XBRL), which is used for corporate financial reporting. Rivet began selling the product six years ago. Demand is about to boom because the U.S. Securities and Exchange Commission has mandated that all publicly traded companies begin reporting their financial results in XBRL by 2011.

Rivet Software Offers XBRL Solutions to Public Companies through IBM's SaaS Specialty

Tue, 17 Mar 2009 22:01:55 +0000

Rivet Software, which develops financial communications and analysis software including XBRL creation and viewing applications, announced that it has joined IBM's software-as-a-service (SaaS) Specialty to help public companies comply with U.S. Securities and Exchange Commission (SEC) rules for XBRL filing.

Rivet Software Joins IBM's Software as a Service Specialty

Mon, 16 Mar 2009 17:43:07 +0000

Rivet Software today announced it has joined the IBM (NYSE:IBM - News) Software as a Service (SaaS) Specialty to deliver XBRL creation, viewing and analysis solutions to U.S. public companies that are required to submit financial information in eXtensible Business Reporting Language (XBRL) format under the recently adopted mandate by the U.S. Securities and Exchange Commission.

SAP Plays the Data Tagging Game

Fri, 20 Feb 2009 15:19:32 +0000

With the XBRL mandate from the Securities and Exchange Commission now official, business software vendors are starting to push their data-tagging capabilities harder than ever.

Local Firm Capitalizes on Rules Shift

Thu, 25 Dec 2008 21:38:11 +0000

A recent federal mandate to change the format of corporate financial filings could be a windfall for a Denver software-development company. Rivet Software Inc. expects its revenues to soar and staffing to more than double in 2009 as it serves companies making the shift to XBRL, or extensible business reporting language.

SEC Mandates XBRL for Financial Statements

Thu, 18 Dec 2008 19:23:01 +0000

The SEC has passed a historic mandate requiring financial data to be filed in XBRL interactive data format. The first to comply will be companies with a market cap greater than $5 billion, beginning with reporting periods after June 15, 2009.

Bowne Renews Strategic Alliance with Rivet Software

Thu, 18 Dec 2008 16:52:09 +0000

"Bowne & Co., Inc. (NYSE: BNE) today announced recent enhancements to its suite of XBRL® (eXtensible Business Reporting Language) solutions, including the renewal of its strategic alliance with Rivet Software, a leader in interactive business software solutions."

XBRL community descends on capital

Fri, 17 Oct 2008 18:14:49 +0000

SEC chairman Christopher Cox, one of XBRL's key champions, was too preoccupied by the financial crisis to turn up for a keynote speech at a wide-ranging conference exploring the power of the new interactive data tool.

SEC plans XBRL standard to liberate financial data

Thu, 16 Oct 2008 20:30:04 +0000

WASHINGTON--Financial information about companies is sometimes difficult to uncover, and even more difficult to compare. It's buried in footnotes to earnings reports and sometimes almost seems intentionally obfuscated. The Securities and Exchange Commission thinks it has the answer: a type of language for business data that could be to finance what HTML was to the Internet.

Rivet Covered in Financial Week Article

Wed, 15 Oct 2008 17:12:53 +0000

While the technology that underpins XBRL is complicated stuff, the concept of interactive financial data is pretty straightforward. The basic idea is to get everybody using the same definitions for terms found on financial statements.

Rivet Mentioned in Financial Week Article

Sun, 12 Oct 2008 15:57:06 +0000

Despite being a midcap U.S. company with a market capitalization of about $3 billion, AGL Resources, a natural gas distributor, didn't hesitate to participate in the XBRL voluntary filing program alongside large multinational companies such as General Electric, PepsiCo and Microsoft.

XBRL Validation - Can It Be Trusted? - Compliance Week Article

Tue, 12 Aug 2008 21:07:30 +0000

The Securities and Exchange Commission can mandate use of XBRL technology for financial reporting all it wants. Ultimately, however, the investing public must take one key action to make companies' investments in XBRL worth all that time and money.

Mandatory Use of XBRL May Bring Benefits to BI Reporting - Enterprise Systems article

Wed, 04 Jun 2008 19:41:21 +0000

"[I]n the short term, you may need to augment your CPM applications with XBRL tagging tools. Investigate vendors like Snappy Reports, Rivet Software and UBmatrix," counsels analyst Neil Chandler in a Gartner research note.

XBRL to Create True, National Fund Supermarket - Money Management Executive Story

Mon, 26 May 2008 16:22:40 +0000

"There has already been heavy interest in the Mutual Fund Prospectus Viewer we created for the SEC," said Mike Rohan, president of Rivet Software. "An interactive data standard is gaining widespread interest since it allows investors to easily compare risk and return information and fund objectives across multiple funds."

Rivet Viewers Covered in WebCPA Article

Thu, 22 May 2008 23:17:43 +0000

Approximately 10,000 users have accessed the viewer in the past month, according to Rivet Software president Mike Rohan (pictured), whose company developed the viewer. "You can compare the objectives, risks and returns of the different funds in a really easy way," he said. "You don't have to thumb through all the paper they typically deliver."

SEC Proposes New Way for Investors to Get Financial Information on Companies

Wed, 14 May 2008 16:52:11 +0000

"The Securities and Exchange Commission today voted unanimously to formally propose using new technology to get important information to investors faster, more reliably, and at a lower cost."

Securities Regulators, CEOs, CFOs, and Business Leaders from 37 Countries Convene to Demonstrate XBRL in Action

Mon, 05 May 2008 19:02:21 +0000

"XBRL International, Inc. (XII), a global consortium dedicated to the development and adoption of XBRL, convened the 17th XBRL International Conference today in the Netherlands. Drawing more than 300 prominent securities regulators, business and financial executives, analysts, investment professionals and software developers from 37 countries"

Crossfire is Mentioned in MSN Money Article

Wed, 30 Apr 2008 15:28:44 +0000

If you consider the potent mix of full transparency, minimal costs and real-time access to data on the horizon, it's easy to imagine where this might go..

Dragon Tag Featured in the Journal of Accountancy Article "Six Steps to XBRL"

Fri, 01 Feb 2008 22:58:17 +0000

The purpose of this article is to give CPAs unfamiliar with XBRL an opportunity to see that assigning XBRL tags to financial statements does not require specialized expertise, but rather is something that any CPA can do with the help of software tools and a little practice. The article explains step by step how to tag a simple income statement for a sample company. The authors selected Rivet Software's Dragon Tag to create their document because it is currently the most common tool used by issuers participating in the SEC's voluntary filing program.

Another Step Forward for XBRL Adoption

Tue, 25 Sep 2007 17:19:43 +0000

Extensible Business Reporting Language, the much-touted and little-used computer language the Securities and Exchange Commission hopes will revolutionize financial filings, takes another big step forward this week with the debut of its latest incarnation.

Creating XBRL Instance Documents in Dragon Tag Covered in The CPA Journal

Mon, 02 Jul 2007 15:48:24 +0000

If it isn't part of an accountant's vocabulary yet, XBRL (extensible business reporting language) is sure to be soon. The FDIC requires banks to file their quarterly call reports using XBRL-compliant documents. The SEC encourages registrants to report their financial information using XBRL and is updating its EDGAR system to handle XBRL filings and to support "interactive" data access and analysis.

Rivet Featured in Ignites.com Article

Tue, 06 Feb 2007 19:12:53 +0000

A proposed SEC rule could help create further fee pressure on the fund industry. The rule, which was proposed by the SEC last week, will allow fund firms to add eXtensible Business Reporting Language data tags to information on fund fees and other expenses in N-1A forms, or prospectuses.

Rivet and Old Mutual Capital in Compliance Week

Tue, 05 Dec 2006 20:57:33 +0000

When the executives at Old Mutual Capital, a mutual fund based in Denver, decided to test the interactive-data waters this year, they didn't know what to expect.

Rivet and Creative Solutions Partnership Covered in AccountingWEB

Mon, 01 May 2006 17:23:48 +0000

Creative Solutions, one of the first prominent accounting practice software vendors to embrace XBRL, the Internet-based technology that tags data items in financial reports so they can be immediately retrieved, has expanded its relationship with that evolving technology through an alliance with Rivet Software, a specialist developer of financial reporting systems.

Rivet and CCH Partnership Covered in Accounting Today

Mon, 17 Apr 2006 22:07:39 +0000

Tax software provider CCH, a Wolters Kluwer business, and Rivet Software, a financial management and Extensible Business Reporting Language solutions provider, have teamed in a partnership that would enable CCH customers to receive Rivet's proprietary Dragon Tag and Dragon View XBRL applications.

AccountingWEB Covers Rivet Partnership with CCH

Thu, 09 Mar 2006 16:49:13 +0000

CCH is a major and important company, so when they open their door for XBRL, it gives the technology even greater credibility.

Strategic Finance discusses XBRL ROI and includes Rivet

Fri, 03 Mar 2006 22:07:38 +0000

Using markup tools such as XBRL GL for basic business re-porting and XBRL for Financial Statements for external reporting is all part of the natural business evolution to interactive information.

Rivet Featured in Ignites.com Article

Wed, 18 Jan 2006 15:22:57 +0000

With fund firms still balking at technology that could make their Edgar flings easier to decipher, the SEC has rolled out incentives to get investment shops on board.

Rivet Featured in Rocky Mountain Business Journal

Fri, 30 Dec 2005 20:07:44 +0000

"I think 2006 is going to be the year of XBRL," (Rivet CEO Mike Rohan) said. "I don't know anyone who doesn't think we're going to be leaders in the marketplace."

Rivet Covered in Business Finance

Tue, 13 Dec 2005 21:40:03 +0000

"The Rivet plug-in gives us a data dictionary for accounting that we need to tag our own financial reports to, and we can use it to drag and save all that information as an XBRL document."

Rivet Dragon Tag Covered in Windows in Financial Services Journal

Tue, 15 Nov 2005 16:32:17 +0000

For accountants and other financial professionals who need to produce information such as quarterly and annual reports in XBRL, Rivet Software of Denver has developed Dragon Tag XBRL. A Microsoft Office-based solution, Dragon Tag offers users the ability to drag and XBRL tag data in a report.

Dragon Tag Helps European Banks XBRL Project

Wed, 09 Nov 2005 17:01:49 +0000

The European Committee of Central Balance Sheet Data Offices (ECCBSO) recently developed a digital reporting format utilizing XBRL in which Dragon Tag played a key role in streamlining financial report preparation for European companies.

XBRL Code Could Ease Data Deluge

Wed, 26 Oct 2005 22:58:15 +0000

This month, SEC Chairman Christopher Cox urged software firms to provide -- and companies to use -- XBRL code to put data online. The current industry leader now is Rivet Software.

Bank Call Report Filings in XBRL on Track

Mon, 10 Oct 2005 15:49:20 +0000

As part of the Federal Financial Institutions Examination Council (FFIEC) call report modernization program, national banks, state-chartered Federal Reserve member banks, and insured nonmember banks are now required to file their quarterly call reports using XBRL.

Rivet to Speak at XBRL-U.S. Breakfast Seminars

Mon, 29 Aug 2005 19:15:43 +0000

Extensible business reporting language (XBRL) and a growing list of XBRL-enabled tools and applications now promise to help big companies skip the demanding normalizing and cleansing steps.

Rivet covered in "Intelligent Enterprise"

Mon, 01 Aug 2005 20:49:11 +0000

Extensible business reporting language (XBRL) and a growing list of XBRL-enabled tools and applications now promise to help big companies skip the demanding normalizing and cleansing steps.

Rivet Featured in Amtrak's "arrive" Magazine Article on Naming

Tue, 12 Jul 2005 17:09:43 +0000

Rob Blake knows all about business Scrabble. A few years ago, the vice president of marketing worked for an Englewood, Colo. firm known as Aucent.

Rivet Software covered in Seybold Report

Thu, 07 Jul 2005 22:48:03 +0000

In addition to Willis, other consortium members refer to John Nash, including Rob Blake, vice president of product marketing for Denver-based Rivet Software, which makes Dragon Tag, one of the prominent XBRL tagging software packages now being used.

Rivet included in "Application Development Trends"

Wed, 01 Jun 2005 16:20:55 +0000

"The financial reporting focus was too limiting. They changed the name to XBRL because the technology could address any business reporting, internal or external," explains Rob Blake, VP, Rivet Software, an early XBRL tool provider.

AccountingWeb: Insider View: 11th XBRL Conference

Wed, 04 May 2005 21:33:07 +0000

The 11th XBRL Conference in Boston wrapped up last week. It featured numerous presenters from the AICPA, SEC and various international speakers showing the continued emerging global adoption of XBRL.

Bank Systems & Technology: XBRL Gets Real As Standard For Financial Reporting

Tue, 03 May 2005 15:55:10 +0000

SEC Chairman William H. Donaldson urged all companies reporting to the agency to adopt the Extensible Business Reporting Language format.

NetworkWorld: SEC launches financial reporting XML project

Mon, 11 Apr 2005 23:01:32 +0000

The U.S. Securities and Exchange Commission last week launched a pilot project built around a specialized flavor of XML for financial reporting.

Intelligent Enterprise: XBRL: Drag-to-Tag?

Fri, 11 Mar 2005 20:49:07 +0000

Ventana Research believes metadata tagging holds great promise for the future of business intelligence and business process automation.

Computer Business Review Online: Rivet Software delivers XBRL financial reporting product

Tue, 15 Feb 2005 22:17:21 +0000

Microsoft and Ernst & Young are among the first Dragon Tag customers currently leveraging the software for simplified XBRL reporting.

Sarbanes-Oxley Compliance Journal: Rivet Software Delivers Breakthrough XBRL Financial Reporting Product

Tue, 15 Feb 2005 16:03:40 +0000

Dragon Tag XBRL Enabler Empowers Customers such as Microsoft and Ernst & Young to Embrace the XBRL Global Reporting Standard.

Rocky Mountain News: Focus on accountability

Fri, 11 Feb 2005 18:22:09 +0000

Michael Rohan long suspected there had to be a better way to make sure accounting practices were actually accountable. The Colorado native, entrepreneur and accounting professional thought about launching a business around this idea.

BusinessWeek online: After Sarbanes-Oxley, XBRL?

Tue, 08 Feb 2005 15:34:36 +0000

Financial execs may not appreciate it yet, but this new data-tagging system should speed the flow of info and create new ways to analyze it. On Feb. 3, financial reporting took a giant step into the future with the Securities & Exchange Commission's announcement that it's ready to start accepting corporate financial reports that have been tagged with newly developed software code known as XBRL.

IRontheNet.com: XBRL Made Simple

Thu, 03 Feb 2005 21:51:17 +0000

NEW YORK -- Rivet Software, a financial integrity management applications provider based in Denver, and PR Newswire are joining forces to offer Dragon Tag, a user-friendly software that allows IR professionals to create and distribute financial information in extensible business reporting language (XBRL).

eWEEK: PR Newswire, Rivet Software Form XBRL Partnership

Wed, 26 Jan 2005 15:04:43 +0000

Rivet Software Inc. and PR Newswire have announced plans to form a partnership, allowing PR Newswire members to create their financial documents in XBRL using Rivet's Dragon Tag XBRL enabler. The partnership should give investor relations professionals a way to create and distribute their financial information in XBRL, which is becoming a financial reporting standard for investor and regulatory communities around the world.

ComputerWorld: Lifting the lid: XBRL seen easing financial analysis

Mon, 24 Jan 2005 17:49:15 +0000

The day when stock investors scan corporate results with computer software to make immediate buy-and-sell decisions may be close at hand.

Rivet Software featured in Financial Executive

Fri, 21 Jan 2005 19:07:53 +0000

Rivet Software, a provider of financial integrity management solutions, has released the new Dragon Tag XBRL (eXtensible Business Reporting Language) enabler, which Rivet calls â€œthe first easy-to-use Microsoft Office-based solution that takes the complexity out of converting financial statements to industry standard XBRL documents."