Prepare Your Filings in Half the Time

Preparing your financial filings can be time consuming and expensive. It would be ideal if all the pieces fell into place as scheduled, but this is not always the case. If time is not on your side despite your best efforts, here are some tips you should remember at the ninth hour.

Get organized

Although your filer should be able to adjust to your individual requests, it helps your internal operations to keep things organized and create a list of items that need to be done. Make sure you carve out time to get organized even during crunch time. Once you see the tasks displayed in a systematic fashion, it simply becomes a matter of execution. No matter how close to deadline you may be, take time to sort and prepare the most pertinent pieces first before executing your plan of action.

Deliver Financials First

If you have a filer that uses a single-source solution (process in which the XBRL changes are processed simultaneously with EDGAR), crunch time should not be a problem. The best thing to do is submit your financial tables and notes first because these take the longest to process. Tables need to be formatted in Edgar while specific information needs to be tagged in XBRL throughout the document. This procedure can take some time to administer accurately, but if your filer offers single source processing, your Edgar and XBRL conversions will be done simultaneously and you will receive your proof in half the time.

Send Changes in Bulk

Changes close to deadline are likely to happen and weekend or overnight proofs should be a part of your package deal. If your filer charges extra for weekend or overnight changes, it is time to get another filer. You can also try submitting all your changes at once or in one proof. If there are more than one parties reviewing your documents, submit all their edits, plus your edits, in one email or in one proof if possible. This could help speed up the alteration process.

Trust Your SEC Filing Agent

Your SEC filing agent should be your partner, helping you through the process to make sure everything is done accurately and on time. It’s critical that you trust your filing agent and they are available to help you 24×7. Your filing agency should be adjusting its priorities to ensure individual attention and expected results for all your financial needs every time.

At Edgar Agents, customer satisfaction is our main priority. We work with our customers to meet all their requests – even on the tightest of deadlines. Contact us today to learn more about our SEC reporting services, typesetting and financial printing and newswire services.