Rivet Software Releases Crossfire 3.5

Dec. 16, 2010 - PRLog -- Rivet® Software, the leading provider of standards-based business reporting and analytics, announced today the release of Crossfire 3.5.  This is an upgraded version of Rivet’s financial reporting technology that leverages the power of eXtensible Business Reporting Language (XBRL) to create financial reports that comply with the Securities and Exchange Commission (SEC) filing regulations.

Among the most anticipated new features of Crossfire 3.5 is “Auto-Tagging Support” which is the next generation of the product’s popular “Help Me Tag” feature.  Auto Tag can recommend tags for all items in a financial statement, or selected items, based on predefined parameters set by the user.  SIC codes can be used to analyze and compare tag choices, as well as overall SEC percentages for a specific tag choice.

Another major enhancement in Crossfire 3.5 is an improved “Noteblock Authoring” tool which makes it easier for users to create and edit noteblocks with tables and controlled formatting. The upgraded software also has more robust export functions that produce greater folio integrity for documents transferred to Microsoft Word.

Crossfire is used by Rivet’s internal staff to process and manage reports for clients who outsource their XBRL filings process.  This software is also in use by a number of Rivet’s clients as an in-house solution for managing XBRL filings for the SEC.

The Crossfire Financial Reporting Platform™ is available as a Software-as-a-Service (SaaS) product. This platform leverages Microsoft® Excel, SharePoint® and SQL Server® technologies and runs in a web browser. Designed by accountants for accountants, Crossfire features data comparisons, single hub information access, an integrated information center and much more. This technology is supported by Rivet's global professional services team 24/7.

# # #

Founded in 2002 and headquartered in Denver, Rivet Software is the pioneer in standards-based business reporting and analytics. Rivet empowers companies with control over the collection, analysis and dissemination of their internal and external financial information to help advance the transformation of business communication worldwide. This privately-owned technology company works with more Fortune 500 companies than any other XBRL vendor and will emerge from Q4 of 2010 as the XBRL vendor of choice for companies in search of a cost-effective, reliable solution for SEC reporting compliance.