On January 30th, 2009, the SEC released the final rules requiring all registered companies to use interactive data when submitting financial statements to the SEC. The new rules are intended to make financial information easier for investors to analyze and to assist in automating regulatory filings and business information processing. Interactive data has the potential to increase the speed, accuracy and usability of financial disclosure and eventually reduce costs.
See summary of final rules and major changes to the proposed rules
RR Donnelley is the established leader in XBRL filings, having assisted more of the participants in the SEC Voluntary program than any of the other providers combined. Working closely with EDGAR Online, the leader in XBRL data solutions, we have designed the EZ Start solution with a focus on making the adoption of interactive data seamless for our clients.
Industry-Leading Full-Service XBRL Translation Solution
With EZ Start, RR Donnelley offers a fast, simple way to comply with these new regulatory requirements. Unlike alternative solutions, EZ Start does not require you to learn or install new software or familiarize yourself with the intricacies of tagging each line item in your financials. With over 13,000 data tags in the approved taxonomy and specific steps required to create custom extensions, companies can quickly become overwhelmed by the self-tagging process. EZ Start completes this arduous task for you, supplying you a review document with the initial tagging already completed.
Have Confidence in Your XBRL Translation in Three Easy Steps
- Request an XBRL Translation: Provide RR Donnelley your financials as you would normally submit them for an EDGAR filing. We return a reviewers guide in Microsoft Excel that contains your As-Filed line item, the assigned tag and the US GAAP definition of that tag.
- Review your financials: After you review your preliminary XBRL mapping, you can submit any questions or edits to RR Donnelley. Our taxonomy experts will address your questions, make the necessary changes, perform a quality check and provide an updated file for your review.
- Transmit to SEC: After you perform a final review and give your approval, RR Donnelley validates the HTML and XBRL files, performs an EDGAR test filing and then transmits your official filing to the SEC.
Rely on the Experts
RR Donnelley has partnered with EDGAR Online to create a powerful, full-service XBRL solution - EZ Start - to help you transition to the XBRL reporting standard and comply with the SEC mandate.
The RR Donnelley and EDGAR Online alliance couples RR Donnelley's industry leadership in financial printing and filing services, with EDGAR Online's expertise in providing value-added business and financial information. EDGAR Online is a founding member of the XBRL Consortium and has been deeply involved in the development of the standard with key advisory and regulatory bodies.
No other financial printer or software company can deliver such a comprehensive solution. By pairing EDGAR Online's depth of knowledge with RR Donnelley's commitment, resources and global reach, we are pleased to offer you this unique, first-to-market solution.
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