What’s New In Financial Reporting Technology?

On the anniversary of the 1989 sequel of the film “Back to the Future,” I was inspired to take a look back at modern technology to see how it has evolved since the 80s and into our everyday lives. I found that the technological assumptions made in the film are not so far off from today’s advances. And as mentioned in last week’s blog post, “technology has always been a great force in overturning the status quo, but never more so than today.” The last part of this statement couldn’t be more accurate. For example, in the field of financial reporting alone, demands made on attorneys, CPAs, CFOs, and CEOs to deliver a quality product on time, within budget, while adhering to government compliance sometimes seems humanly impossible. One would need many clones to get it all done, but there is a solution. Actually, there are several solutions, and they don’t involve clones. Edgar Agents has developed many solutions to address the challenges our clients face daily. We have based our entire operations on the customization of our services for every client individually because we believe everyone’s needs are different. Sometimes our clients, who are the attorneys, CPAs, CFOs, etc, aren’t even aware of all the options we offer until we meet for the first time and start learning about their specific situations. In one meeting with all parties involved, we’ll create a specific solution for your needs within “your” budget. We not only believe this is the best system, we think it’s the only system that works for everyone. As we dive into the future, it is quite obvious that technology is the only way to get everything done, but then again being efficient is probably just as crucial. Take our single source solution, for example. This system is designed to reflect the latest version of a document, and we apply it to all our products. Mostly useful with our typesetting service, a single source solution means all your documents are automatically exported into Edgar HTML and hyperlinked PDF files within minutes so you everyone is working on the latest version in-house. This also saves us time so you could expect to receive your document in less time that any of our competitors. Combine this solution with our customized packages and pricing, and you’ll find Edgar Agents is the only partner you need for all your financial filing services. Another example of our customized packages is to only combine the services you need at a price you can afford. For instance, say you would like to use our EA16 feature, a secure online tool that allows you to file your own Forms 3, 4 and 5 directly with the SEC. This tool lets you control your document throughout the entire filing process with no additional software to buy or install. But, you also need an SEC mandated XBRL widget to go on your site; one that updates automatically with your most current financials. Our agents will design several options for you to choose from that will include both these services for one customized price or payment plan. The possibilities are limitless. Nevertheless, many times our clients would rather we handle all their filings from start to finish, so we retain experts in-house from the financial reporting industry to handle these projects. They are available 24 hours, 7 days a week, including holidays, should you have any questions. No extra cost to you. These experts know exactly what you will need and how to stay compliant. And this is imperative because we feel our staff should be a major part of the solution. With this philosophy in mind, we’ve also developed a system that uses in-house CPA and XBRL expertise to review and analyze client financials by applying current SEC taxonomies to financial statements and notes. Our reviewers then thoroughly proofread the document once more before sending it to you for final approval. All our proofreaders are also from the financial reporting industry so they check for more than just formatting. They check for quality. Finally, technology, as always, is ever evolving, and I’ve only touched on a few of the many solutions we’ve created over the years. There are many more in the works and we’re excited to discuss them with you at your convenience. Give us a call for a casual meeting sometime to discuss your options. You can call us at 732-780-5036 to speak to an agent or peruse our website for more information about our services at www.edgaragents.com. Also follow us on LinkedIn, Twitter, Google+, Blogger and Instagram. We’d love to read your comments!