Rivet Software announced a marketing deal with the American Institute of CPAs to promote Rivet's Dragon Tag and Dragon View applications as the software of choice for accounting and finance professionals. The applications both implement the Extensible Business Reporting Language.
XBRL is a technology that tags financial information through disparate applications and carries it through the business reporting chain can lower costs and provide enhanced analytical capabilities for users, preparers and consumers of financial statements. The Securities and Exchange Commission is working on efforts to standardize the language's use for the filing of public company and investment company financial reports.
"XBRL fundamentally transforms and improves the way companies, investors, lenders, analysts and regulators exchange, aggregate and analyze business information," said AICPA president and chief executive Barry Melancon , in a statement. "Our members recognize these benefits of XBRL and the need for tools that allow them to leverage the standard quickly and affordably. We believe that Rivet's Dragon Tag and Dragon View products will help expedite the adoption of XBRL among our community."
The AICPA is a founding member of the XBRL International consortium. Under the terms of the agreement, AICPA members will be able to order Dragon Tag and Dragon View via an AICPA-specific e-mail address and landing page on Rivet's Web site. Members of the AICPA will receive special support options as part of the marketing agreement.
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