Thomson Reuters has announced the launch of a next-generation solution to facilitate the filing of financial disclosures with the Securities and Exchange Commission in alignment with the SEC's XBRL mandate. Thomson Reuters Disclosure Solutions will enable companies that file financial disclosures with the SEC to more accurately prepare, update, and deliver their financial disclosures through a single seamless workflow.
Thomson Reuters Disclosure Solutions is a total solution that brings together three distinct and complementary elements for financial disclosure transparency, accuracy and delivery:
- Disclosure Solutions PROFILE: simplifies the in-house management of multiple processes relating to XBRL and EDGAR formats and enables organizations to edit and file their XBRL and EDGAR documents in a single software application;
- Disclosure Solutions PROSERVE: provides best practice XBRL consulting and filing services with an expert team of qualified CPAs and accountants to lead organizations through the process of accurately preparing and filing their disclosures; and
- Disclosure Solutions PROSHARE: provides a 24x7 service center that is a customizable and secure portal over which disclosure documents can be shared across the organization.
The next generation Disclosure Solutions service is part of the Thomson Reuters Accelus suite of solutions. Through this suite of solutions, the governance, risk and compliance business dynamically connects business transactions, strategy and operations to the ever-changing regulatory environment, enabling firms to manage business risk.