Want to Reduce Your XBRL Costs and Improve Transparency?

Is it possible to reduce XBRL costs and improve transparency with an efficient SEC filing agent that offers tools to address the major pressure points?

The simple answer is yes! SEC filing agents adjust their services and operations to meet any SEC policy changes. More importantly, they adjust to meet their customer’s concerns– whether that be cost, time or service needs. For example, with the right filing tools the XBRL problem doesn’t need to be a problem at all.

Let’s look more in-depth at XBRL. First, it’s important to understand that the SEC requires public companies to post XBRL documents on their Website if they plan to seek funding from investors. However, companies often complain that the latest financial reporting methods are too taxing and costly. On the flip side, investors are suspicious of companies that are not transparent with their financials. And, regulators insist that a company’s financials are meant to unearth a company’s financial stability, not hide it. While there are many opposing comments between the three parties, each makes a legitimate point.

The problem could easily be solved with tools that address these concerns, like our XBRL Widget. With this tool, companies receive a widget that enables them to post their financial documents on their website within 2 hours of filing with the SEC. All the most current documents filed to the SEC are displayed on the corporate website and are updated regularly.

With a simple tool to eliminate the extra cost of in-house IT personnel, companies can stay compliant, save money and time, and still satisfy all parties involved. It is a win-win solution. Couple this solution with our customized packaging for your company’s specific SEC filing needs, and you have a winning combination.

While US government entities and advocacy groups continue to discuss the future of XBRL, Edgar Agents continues to evolve and produce innovative solutions to simplify your company’s individual filing needs.

For more information about Edgar Agents tools and solutions, contact an agent today at www.edgaragents.com.