SEC URGES XBRL ON MUTUAL FUNDSShortly after proposing requirements for public companies to start filing their financial statements with interactive data tags, the Securities and Exchange Commission wants mutual fund companies to begin filing risk and return information using the technology.
The SEC has proposed that mutual fund providers file summaries from their prospectuses in the Extensible Business Reporting Language format by Dec. 31, 2009.
In April, the SEC introduced a viewer containing sample XBRL information on about 20 funds. Approximately 10,000 users accessed the viewer in its first month.
HOST ANALYTICS RELEASES BUDGETING SOFTWARE
Host Analytics has released the latest version of its on-demand corporate performance management software, with enhanced budgeting, planning and modeling features.
Host Analytics Version 8 includes what-if analysis inspired by wargame planning. “We enhanced our what-if capabilities to mirror the ability to plan based on changing market conditions,” said vice president of product marketing and management Ric Ratkowski. “The second piece was transitioning from a strategic plan to budgeting and analysis.”
The software costs between $50 and $100 per month per user. For more information, visit www.hostanalytics.com.
NETSUITE OFFERS ONEWORLD FOR SOFTWARE COMPANIES
NetSuite introduced a version of its OneWorld software targeted at the accounting needs of software developers.
NetSuite OneWorld Software Company Edition gives mid-market software companies the ability to manage business processes spanning global operations. It includes features such as software renewals automation, revenue recognition, commission management and multi-tier channel management.
Pricing begins at $4,998 per month. Commissions functionality is an add-on module priced at $299 per month. For more information, visit www.netsuite.com.
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