raas-XBRL Launches the Second Edition of the 2011 XBRL Buyer’s Guide
After the wide interest shown in the first edition of its 2011 XBRL Buyer’s Guide, raas-XBRL is pleased to launch the revised and updated second edition, the definitive and industry-endorsed guide to XBRL service and software providers, complete with the raas-XBRL scorecard. They’ve increased the number of vendors and improved the discussion of issues to consider.
Tampa, FL, April 26, 2011 --(PR.com)-- After the wide interest shown in the first edition of its 2011 XBRL Buyer’s Guide, raas-XBRL is pleased to launch the revised and updated second edition, the definitive and industry-endorsed guide to XBRL service and software providers, complete with the raas-XBRL scorecard.
With so many smaller reporting companies yet to make a decision about how they will meet the US Securities and Exchange Commission’s (SEC) looming deadline of August 15 for filing the second-quarter 10-Q, the raas-XBRL Buyer’s Guide serves as an indispensable aid to help them navigate their way through the XBRL vendor market. The updated Buyer’s Guide has increased the total coverage of vendors to 26, covering four categories of filer options. A copy of the Buyers Guide can be downloaded here: http://www.raas-xbrl.com/2011-xbrl-buyers-guide
Every SEC registrant company’s priorities are different, and to take this into account, the guide identifies a framework of four main criteria which may be weighted accordingly to structure decision-making when selecting an XBRL preparation solution. The four key criteria are:
1. How much time will this really take? - The time spent on XBRL preparation will vary significantly depending on the solution, and time estimates must necessarily include time spent by both internal and external resources.
2. What is the estimated cost by solution? - Every vendor will quote a price, but it is important to clearly identify what is included in that price. Is it a “total” price, or are there additional costs that will be added during the XBRL preparation process?
3. How much XBRL do you actually want to learn? – Do you want, or need, to become an expert in a data standard? What is the right balance for you between in-house and outsourced knowledge of XBRL?
4. What is the vendor’s history with XBRL – Just how much experience does a given provider have with XBRL, and how important is that to you? Some vendors have been around almost from the beginning, while others have “appeared” in the last year or two.
raas-XBRL is one of the 26 vendors evaluated in the Buyer’s Guide, and while every effort has been made to ensure objectivity and accuracy, raas-XBRL CEO, Daniel Roberts, admits that raas-XBRL cannot claim total impartiality. However, he firmly believes that the Buyer’s Guide accurately reflects the reality of the XBRL vendor market. “At raas-XBRL, we've selected what we believe to be the best XBRL preparation software available on the market; not just the best, but a true paradigm shift. We’re talking about software that has been producing high quality filings to the SEC, including detail tagged filings, with error rates at or below the average of all SEC filings. What really sets us apart is that we substantially reduce, to the point of almost eliminating, the learning curve and lost time clients’ internal financial reporting teams would otherwise have to cope with – and at a very affordable price."
About raas-XBRL
raas-XBRL, LLC, was founded in 2008 by veterans of the XBRL world, who have been at the heart of XBRL since early 2003. Daniel Roberts, CEO of raas-XBRL, served as the Chairman of the XBRL US Steering Committee in 2005 and 2006. Using a state-of-the-art XBRL product suite, raas-XBRL offers a time efficient, cost-effective solution for the preparation of SEC-ready XBRL. With raas-XBRL, what used to take multiple person weeks and cost tens of thousands of dollars can now be accomplished in a fraction of the time and at a fraction of the cost, with no compromises on service or quality.
For additional information visit raas-XBRL: www.raas-XBRL.com
To download a copy of the 2011 XBRL Buyers Guide: www.raas-XBRL.com
Contact: Daniel Roberts
417-423-8000
daniel.roberts@raas-XBRL.com
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With so many smaller reporting companies yet to make a decision about how they will meet the US Securities and Exchange Commission’s (SEC) looming deadline of August 15 for filing the second-quarter 10-Q, the raas-XBRL Buyer’s Guide serves as an indispensable aid to help them navigate their way through the XBRL vendor market. The updated Buyer’s Guide has increased the total coverage of vendors to 26, covering four categories of filer options. A copy of the Buyers Guide can be downloaded here: http://www.raas-xbrl.com/2011-xbrl-buyers-guide
Every SEC registrant company’s priorities are different, and to take this into account, the guide identifies a framework of four main criteria which may be weighted accordingly to structure decision-making when selecting an XBRL preparation solution. The four key criteria are:
1. How much time will this really take? - The time spent on XBRL preparation will vary significantly depending on the solution, and time estimates must necessarily include time spent by both internal and external resources.
2. What is the estimated cost by solution? - Every vendor will quote a price, but it is important to clearly identify what is included in that price. Is it a “total” price, or are there additional costs that will be added during the XBRL preparation process?
3. How much XBRL do you actually want to learn? – Do you want, or need, to become an expert in a data standard? What is the right balance for you between in-house and outsourced knowledge of XBRL?
4. What is the vendor’s history with XBRL – Just how much experience does a given provider have with XBRL, and how important is that to you? Some vendors have been around almost from the beginning, while others have “appeared” in the last year or two.
raas-XBRL is one of the 26 vendors evaluated in the Buyer’s Guide, and while every effort has been made to ensure objectivity and accuracy, raas-XBRL CEO, Daniel Roberts, admits that raas-XBRL cannot claim total impartiality. However, he firmly believes that the Buyer’s Guide accurately reflects the reality of the XBRL vendor market. “At raas-XBRL, we've selected what we believe to be the best XBRL preparation software available on the market; not just the best, but a true paradigm shift. We’re talking about software that has been producing high quality filings to the SEC, including detail tagged filings, with error rates at or below the average of all SEC filings. What really sets us apart is that we substantially reduce, to the point of almost eliminating, the learning curve and lost time clients’ internal financial reporting teams would otherwise have to cope with – and at a very affordable price."
About raas-XBRL
raas-XBRL, LLC, was founded in 2008 by veterans of the XBRL world, who have been at the heart of XBRL since early 2003. Daniel Roberts, CEO of raas-XBRL, served as the Chairman of the XBRL US Steering Committee in 2005 and 2006. Using a state-of-the-art XBRL product suite, raas-XBRL offers a time efficient, cost-effective solution for the preparation of SEC-ready XBRL. With raas-XBRL, what used to take multiple person weeks and cost tens of thousands of dollars can now be accomplished in a fraction of the time and at a fraction of the cost, with no compromises on service or quality.
For additional information visit raas-XBRL: www.raas-XBRL.com
To download a copy of the 2011 XBRL Buyers Guide: www.raas-XBRL.com
Contact: Daniel Roberts
417-423-8000
daniel.roberts@raas-XBRL.com
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Contact
raas-XBRL
Daniel Roberts
417-423-8000
www.raas-XBRL.com
Daniel Roberts
417-423-8000
www.raas-XBRL.com
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