Rivet's Crossfire™ is the Most Tried, Proven and Used XBRL Financial Communication Solution on the Market

DENVER, Sept. 27 /PRNewswire/ -- Rivet Software, provider of standards-based reporting and analytics for business communications, announced today its software platform, Crossfire™, is the most tried, proven, and used solution in the marketplace.

While other solutions are either exclusively sold externally to XBRL filers or used internally by service providers, Crossfire is the only platform used by both the customer and Rivet's professional services team in the preparation of XBRL filings and creation of sophisticated comparison/ benchmark reports. Consequently, Crossfire is the most proven and widely used solution for capturing, storing and transforming XBRL-data into valuable information so it can be used for making more informed decisions.

This past filing season, Crossfire was used to prepare and submit 338 XBRL filings, including the largest number of detail tagged filings in the market. This volume of filings made Rivet one of the top solution providers for public companies needing assistance with XBRL reporting.  Additionally, the powerful analytics component of Crossfire has been selected by the U.S. Securities and Exchange Commission (SEC) to review and analyze XBRL-formatted financial filings.  

"No other software platform in the industry is used more than Crossfire for XBRL compliance and analytics," said Patrick Quinlan, CEO of Rivet Software. "Crossfire has rapidly become the most powerful, adopted XBRL solution on the market, and is the most trusted solution for preparing and analyzing complex business data."

Crossfire is the only platform originally developed based on XBRL-standards, making it more powerful than other applications which are typically retrofitted to accommodate the processing of XBRL data. Crossfire also stands alone in its ease-of-use, with a wide range of tools for capturing, comparing and analyzing data. Available as a Software-as-a-Service (SaaS) product, the platform leverages Microsoft® Excel, SharePoint and SQL Server technologies and is delivered through the web.

About Rivet Software

Founded in 2002, Rivet Software is headquartered in Denver, CO, and is the pioneer in standards-based business reporting and analytics, serving public and private companies, regulatory agencies and investors worldwide. Rivet enables more Fortune 500 companies in meeting their SEC filings than any other company. Rivet empowers companies with control over the collection, analysis and dissemination of their internal and external financial information helping to advance the transformation of business communication. Rivet's flagship product, Crossfire® Financial Reporting Platform, is a standards-based platform focused on internal and external reporting and analytics. Crossfire® is built on a robust XBRL framework with the support of an integrated information center and is easy-to –use for true information transparency. http://www.rivetsoftware.com

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Patrick Quinlan

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SOURCE Rivet Software