EDGAReView

The SEC’s recent announcement of its intention to mandate XBRL reporting has created a surge of interest in EDGAR Online’s XBRL data solutions. Most recently, the Tax & Accounting business of Thomson Reuters has partnered with EDGAR Online to add I•Metrix power and XBRL data to Checkpoint®, its flagship product for SEC Compliance.

Thomson Reuters’  new Checkpoint I•Metrix, is an online productivity and workflow solution for tax and accounting professionals. Subscribers can instantly retrieve current, detailed financial information directly from their Excel spreadsheets. Checkpoint I•Metrix delivers financial data within hours of being filed with the SEC and significantly reduces the time it takes to prepare benchmark analysis or create internal financial dashboards. Checkpoint I•Metrix is world class XBRL technology combined with world class tax and accounting knowledge all in a single tool, to manage risk, detect anomalies, assist in transparency, and gather and benchmark data – while leveraging the latest in financial reporting standards. BENEFITS of Checkpoint I•Metrix:

* Delivers powerful data sets and analytical capabilities directly to  Microsoft® Office Excel, improving data analysis workflow.
* Provides a simple, streamlined method for subscribers to integrate datasets into their workflow, saving hours of traditional “cut and paste” spreadsheet work while increasing confidence in the accuracy of information.
* Provides the most accurate and timely XBRL financial data in the marketplace with the lowest error rate.
* Streamlines user effort – a single click links any data cell directly back to the EDGAR source filing to give validity and the XBRL accounting definition of the line item.
* Automatically updates financial models previously created by a subscriber in I•Metrix with the most recent financial data, saving the subscriber time when generating repetitive reports such as quarterly reports to directors.
* Provides direct linking from EDGAR source filings into SECPlus for relevant information and tools associated with SEC compliance.

Increased demand for peer-to-peer analysis and recent SEC initiatives to require XBRL filings are driving the need for seamless integration of key sources like EDGAR Online’s SEC filings and Checkpoint I•Metrix. “Integrating these productivity solutions into SECPlus further strengthens our product offering and helps us best serve our customers,” said Keith Haurie, Vice President, Product Management, Research & Guidance for Thomson Reuters.