April 18, 2013
Thomson Reuters Brings Enhanced Workflow Capabilities to Disclosures Reporting
NEW YORK – Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced further strategic enhancements to its Accelus Disclosure Solutions PROFILE software, a next generation workflow solution that enables publicly-held organizations to more accurately prepare, update and deliver their financial disclosures to the U.S. Securities and Exchange Commission (SEC).
Accelus Disclosure Solutions PROFILE provides enhanced functionality offering a flexible working environment that can be fully embedded into the firm’s workflow and substantially reduces the time and effort required by firms to generate accurate filings with the SEC. The software enhances, rather than replaces, the firm’s existing word processing and spreadsheet collaboration practices. The software is supported with best practice XBRL consulting and filing services with an expert team of qualified CPAs and accountants to assist organizations with the process of accurately preparing and filing their disclosures.
Accelus Disclosure Solutions PROFILE simplifies the in-house management of financial disclosures by allowing data from previous filing periods to be rolled forward from filing period to filing period. This eliminates the need to re-do work already completed for previous XBRL filings and automates the update of dynamic “current period” contexts from filing to filing. Through greater compatibility with Microsoft Word and Excel, documents can easily be imported into, and exported from, Accelus Disclosure Solutions PROFILE while preserving linked placeholders to XBRL and non-XBRL source values throughout multiple document revision cycles. This allows organizations to manage their filing process using workflows and applications that they are already familiar with rather than adopting new ones.
This next-generation software release also evolves the collaborative actions that can be taken around financial disclosures, allowing financial reporting teams to maintain a single version of the truth and reduce concern about consistency between versions. Disclosure documents can be outlined into segments and content groups and distributed to the appropriate financial and legal teams within or outside of the corporation. Through Accelus Disclosure Solutions PROSHARE, a 24x7 customizable and secure document repository and exchange web application, disclosures can be version controlled and shared with Disclosure Solutions’ team of expert Customer First Advisors, as well as among members of the business’ own internal financial reporting team.
“Organizations globally are facing new challenges in order to meet their XBRL and disclosure transparency requirements,” said Andrew Neblett, managing director, Enterprise Risk Management, Governance, Risk & Compliance, Thomson Reuters. “These latest enhancements mark the evolution of Accelus Disclosure Solutions to support the heightened compliance needs of organizations required to file increasingly detailed XBRL reports with the SEC. Thomson Reuters Accelus Disclosure Solutions alleviates the pressure on these firms by providing high quality training and advice as well as market-leading conversion and filing software to help them fully manage their disclosure filings.”
Thomson Reuters Accelus dynamically connects business transactions, strategy and operations to the ever-changing regulatory environment, enabling firms to manage business risk. A comprehensive platform supported by a range of applications and trusted regulatory and risk intelligence data, Accelus brings together market-leading solutions for governance, risk and compliance management, global regulatory intelligence, financial crime, anti-bribery and corruption, enhanced due diligence, training and e-learning, and board of director and disclosure services.
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to: http://thomsonreuters.com