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CCH and Rivet Software Partner to Deliver XBRL Reporting Solution
Rivet’s Dragon Tag and Dragon View Provide CCH Customers Path to XBRL Adoption
(DENVER, COLO. AND RIVERWOODS, ILL., March 7, 2006) – Rivet™ Software, an innovator in Financial Integrity Management™ and XBRL (Extensible Business Reporting Language) solutions, and CCH, a Wolters Kluwer business and leading provider of tax and accounting law information, software and services, have partnered to provide Rivet’s Dragon Tag ™ and Dragon View ™ XBRL applications to CCH customers. The combination of CCH’s ProSystem fx application and Rivet’s XBRL solutions will allow tax professionals to efficiently and cost-effectively create and review XBRL documents to comply with increasingly strict regulatory and compliance requirements such as Sarbanes-Oxley and Basel II.
“This partnership allows our users to leverage products such as ProSystem fx Engagement to further increase workflow efficiencies and provide even better services for their clients,” stated Stuart Gill, product manager for CCH. “Through this partnership, CCH is pleased to continue to help drive XBRL adoption in the professional accountant and tax arenas.”
XBRL is rapidly becoming the de facto standard around the globe for defining, exchanging and storing business reporting information. XBRL provides faster, more efficient financial reporting processes by reducing repetitive manual tasks and increasing data transparency and accuracy. With the partnership, the two companies are enabling CCH users to leverage Rivet’s best-of-breed solutions for creating and reviewing XBRL documents based on CCH ProSystem fx data.
“This partnership illustrates Rivet’s continued commitment to its partner strategy and aggressive delivery of XBRL solutions to the market,” said Wayne Harding, CPA vice president of business development for Rivet Software. “The combination of CCH’s ProSystem fx Office suite and Rivet’s Dragon Tag and Dragon View provides customers with a simple, easy-to-use solution for XBRL business reporting.”
About Dragon Tag and Dragon View
Rivet’s Dragon Tag XBRL enabler and Dragon View XBRL viewer applications were designed to shield accounting and finance professionals from the complexity that sometimes accompanies XBRL adoption. Dragon Tag is a Microsoft Word and Excel® add-in that enables financial professionals to create XBRL documents via “drag and drop.” Dragon Tag’s markup, review, validation and export functionality ensures XBRL documents are created quickly and correctly.
Dragon View provides simple yet powerful XBRL document viewing and reviewing functionality without requiring advanced knowledge of XBRL. Dragon View’s robust viewing options, automatic ratio calculations and ability to export information to Microsoft Excel (Dragon View Premiere version only) allow users to leverage the power of XBRL documents. Additional product information can be found at www.rivetsoftware.com/dragontag and www.rivetsoftware.com/dragonview.
About Rivet Software
Rivet Software is an innovator in developing effective and easy-to-use Financial Integrity Management and XBRL solutions. Based in Denver, Colorado, USA, Rivet Software is focused on addressing new worldwide technology requirements for the business reporting and accounting community. All Rivet Software products adhere to the XBRL global reporting standard and work with the de facto standard desktop software, Microsoft Excel and Word. The company’s management team includes industry veterans, founding members of the XBRL community and past advisors to the American Institute of Certified Public Accountants (AICPA). For additional information, please visit www.rivetsoftware.com.
About CCH, a Wolters Kluwer business
CCH, a Wolters Kluwer business (CCHGroup.com) is a leading provider of tax, audit and accounting information, software and services. It has served tax, accounting and business professionals and their clients since 1913. Among its market-leading products are The ProSystem fx® Office, CCH® Tax Research NetWork™, Accounting Research Manager™ and the U.S. Master Tax Guide®. CCH is based in Riverwoods, Ill.
Wolters Kluwer is a leading multinational publisher and information services company. The Company's core markets are health, corporate services, financial services, tax, accounting, legal, regulation, and education. Wolters Kluwer has annual revenues (2005) of €3.4 billion, employs approximately 18,400 people worldwide and maintains operations across Europe, North America and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its depositary receipts of shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, see www.wolterskluwer.com.
© 2006 Rivet Software, Inc. All rights reserved. Rivet, Dragon Tag and Dragon View are either registered trademarks or trademarks of Rivet Software, Inc. in the United States and/or other countries. All other trademarks are the property of their respective owners.