CoreFiling Releases ReportDirect at the
12th XBRL International Conference
TOKYO--Nov. 6, 2005--CoreFiling Limited:
-- New PDF-based data collection solution to enable simple, accurate and instantly accepted electronic data collection for periodic financial reports needed by bankers, regulators and government agencies.
-- ReportDirect combines the simplicity and familiarity of PDF with the full power of XBRL.
CoreFiling Limited today announced the ReportDirect platform for electronic data collection. ReportDirect makes the design, deployment and ongoing collection of sophisticated information a process that can largely be managed by business experts.
ReportDirect represents a new way of thinking about data collection. It returns control to the business users who set policy and analyse the information. It makes secure electronic data collection simple, reliable and easy to manage, while harnessing the power of XBRL to revolutionise the application of rules and analysis to business information. Data providers can enter data manually or can import the data directly into the familiar PDF document. Recipients can control who submits the data, when it should arrive, and what quality checks should be applied along the way.
Unique TagTips(TM) provide users with a fully-rendered view of the underlying, structured, XBRL data. CoreFiling's patent-pending data binding techniques ensures that what is displayed on the page is what is held in XBRL format within the PDF Intelligent Document.
This revolution in electronic data collection is the fruit of a development partnership between CoreFiling and Adobe Systems, Inc. ReportDirect leverages the Adobe Intelligent Document Platform to allow the creation of pre-populated forms for interactive data collection and the secure deployment of PDF forms.
Commenting on the release, CoreFiling Chief Executive John Turner said "The process of turning data requirements expressed by business experts into sophisticated electronic forms that allow user-friendly data collection has, in the past, been a source of enormous frustration. The ReportDirect platform represents a huge step forward in simplifying the definition, collection and on-going management of financial and performance reporting data. It's suitable for banks and other financial services firms, as well as regulators, government agencies and large corporates."
Key features
ReportDirect offers a turn-key, next generation solution that allows the design of forms, their distribution to nominated data providers and the receipt, validation and follow up of that data. Key features include:
-- Automated form construction from definitions in XBRL
-- Validation at the client before submission
-- Sophisticated scheduling and data requirements management.
-- Rapid deployment
-- Simple integration into standard business intelligence tools.
About CoreFiling
CoreFiling is a joint venture formed in early 2005 by Business Wire, the global leader in financial news distribution, and UK-based DecisionSoft, the world's premier XBRL components vendor. CoreFiling provides XBRL consulting services, data validation and enhanced data management to filers, regulators, exchanges and the financial community.
About Business Wire
Business Wire was founded in 1961 by Chairman/CEO Lorry I. Lokey, veteran journalist and public relations executive. The company's multi-channel delivery network, with access to some 60 international and national news agencies, financial information providers and Web-based news services throughout North America, Europe, Asia, Latin America, the Middle East and Africa, provides real-time, simultaneous access to key audiences - the news media, trade publications, institutional and individual investors, business-to-business decision-makers and consumers.
Business Wire electronically disseminates some 1,000 full-text news releases daily to the media, the Internet, online services and databases, and the global investment community in 150 countries in 45 languages. Business Wire has 24 U.S. offices, Frankfurt, London, Brussels, Paris, Sydney and Tokyo offices, and reciprocal offices throughout the world.
About DecisionSoft
DecisionSoft Limited, founded in 1997, is one of Europe's leading XML vendors, with a substantial history in the successful design, publication and validation of XML and XBRL. Its success is based on tools and services created with an uncompromising commitment to engineering excellence.
DecisionSoft's True North suite provides enterprise-strength XBRL processing. The flagship True North validator is used by regulators on both sides of the Atlantic. Boasting world-leading XBRL developers, DecisionSoft products are regarded by many as the "gold standard" in this field.
Based in Oxford in the United Kingdom, DecisionSoft is a private company
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