We believe that XBRL Data is more than just an SEC filing burden.
We believe Data is Power.
Data is power, and Rivet Software’s Crossfire Interactive Reporting application puts it in the palm of your hand. Crossfires Interactive Reporting connects large datasets, public and internal, directly to your Excel spreadsheet. Use intuitive drag and drop features to build a report and get the data at your fingertips in minutes. How’s it interactive? When there’s a new post internally or a competitor files to the SEC, for example, you’ll be alerted immediately and the report will refresh in seconds. Distribute in real-time, or create a web based version that can be accessed from anywhere.
Does your company use XBRL data for analysis?
Financial reporting and investor relations groups should not overlook the benefits of using XBRL for benchmarking, peer to peer KPI comparison or corporate performance reporting. Because companies continue to operate with lean accounting and finance departments, leveraging XBRL filings for real time data aggregation and automated report creation can be a boon to registrants and investors alike.
Does the system you use have the ability to leverage the XBRL mandate, like show how your quarterly sales revenue compares against your top competitors – the minute they file? Don’t just pay to file and comply, get some benefit. Our Crossfire clients have the functionality they need to use XBRL for analytical insight.
A Case Study:
Data quality and transparency. These are two of the key benefits promised to businesses that adopt eXtensible Business Financial Language (XBRL).
The continuing success of The Microfinance Information Exchange (MIX) – the leading information provider to the Microfinance community of donors, providers and beneficiaries – depends on processing heterogeneous data sourced from over 2000 global Microfinance Institutions and standardizing this data to raise its quality and transparency. MIX analysts organize the data into the financial and social performance indicators that reflect the very specific analysis and reporting needs of the MIX community. The delivery of the analytics and reporting on mixmarket.org that drives better Microfinance practice is powered by XBRL and managed using Rivet Software Crossfire.
Download this case study to learn how Peter Magnaye, Chief Information Office (CIO) of MIX, turned to XBRL to meet the challenge of delivering high quality, transparent information to its global community of stakeholders.