Thompson Reuters Partners With EDGAR Online Inc. to Launch I-Metrix on Checkpoint
June 16 2008 - 10:00AM
PR Newswire (US)
NEW YORK, June 16 /PRNewswire-FirstCall/ -- The Tax &
Accounting business of Thomson Reuters today announced the launch
of I-Metrix powered by Checkpoint(R), its online productivity and
workflow solution for tax and accounting professionals. Tax &
Accounting partnered with EDGAR(R) Online(R) Inc. (NASDAQ:EDGR) to
design and build the XBRL (eXtensible Business Reporting
Language)-enabled tool allowing subscribers to instantly retrieve
detailed financial information directly while working within
Microsoft(R) Office Excel(R). I-Metrix delivers financial data
within hours of being filed with the SEC and significantly reduces
the time it takes to prepare benchmark analysis or create internal
financial dashboards. "Tax & Accounting is committed to
expanding the data and tools we provide to our financial reporting
and management community," said Keith Haurie, Vice President,
Product Management, Research & Guidance. "EDGAR Online's
technologies and capabilities will enable us to continue to deliver
the state-of-the-art, cutting-edge technology our clients expect.
Access to I-Metrix XBRL-powered data and analytical tools is a
natural next enhancement to SECPlus on Checkpoint, our flagship
product for SEC compliance." Philip Moyer, EDGAR Online President
and CEO, added, "Thomson Reuters is a clear leader in tax and
accounting software with Checkpoint, EDGAR Online is a clear leader
in XBRL with its I-Metrix software and data. Our combined strengths
provide an unmatched set of tools and knowledge to manage risk,
detect anomalies, assist in transparency and to gather and
benchmark data for their clients - all leveraging the latest in
financial reporting standards." "With the SEC's recent announcement
of its intention to mandate XBRL reporting, tax and accounting
professionals are looking for tools to help them support the detail
their clients need in this new environment of financial reporting.
I-Metrix powered by Checkpoint is world class XBRL technology
combined with world class tax and accounting knowledge all in a
single easy to use tool, providing a clear competitive advantage in
this new world of XBRL financial reporting." Benefits -- Delivers
powerful data sets and analytical capabilities directly to
Microsoft Office Excel, improving data analysis workflow. --
Provides a simple, streamlined method for subscribers to integrate
datasets into their workflow, saving hours of traditional "cut and
paste" spreadsheet work while increasing confidence in the accuracy
of information. -- Provides the most accurate and timely XBRL data
in the marketplace with the lowest error rate -- Also streamlines
user effort - a single click links any data cell directly back to
the EDGAR source filing to give validity and the XBRL accounting
definition of the line item. -- Automatically updates financial
models previously created by a subscriber in I-Metrix with the most
recent financial data, saving the subscriber time when generating
repetitive reports such as quarterly reports to directors. --
Direct linking from EDGAR source filings into SECPlus for relevant
information and tools associated with SEC compliance. "Increased
demand for peer-to-peer analysis and recent SEC initiatives to
require XBRL filings are driving the need for seamless integration
of key sources like EDGAR Online's SEC filings and I-Metrix.
Integrating these productivity solutions into SECPlus further
strengthens our product offering and helps us best serve our
customers," said Haurie. For more information about I-Metrix
powered by Checkpoint, visit http://ria.thomson.com/ or call
800-950-1216. About Thomson Reuters Thomson Reuters is the world's
leading source of intelligent information for businesses and
professionals. We combine industry expertise with innovative
technology to deliver critical information to leading decision
makers in the financial, legal, tax and accounting, scientific,
healthcare and media markets, powered by the world's most trusted
news organization. With headquarters in New York and major
operations in London and Eagan, Minnesota, Thomson Reuters employs
more than 50,000 people in 93 countries. Thomson Reuters shares are
listed on the New York Stock Exchange (NYSE:TRI); Toronto Stock
Exchange (TSX: TRI); London Stock Exchange (LSE:TRIL); and Nasdaq
(NASDAQ:TRIN). For more information, go to
http://www.thomsonreuters.com/. The Tax & Accounting business
of Thomson Reuters (formerly Thomson Tax & Accounting) is the
leading provider of technology and information solutions, as well
as integrated tax compliance software and services to accounting,
tax and corporate finance professionals in accounting firms,
corporations, law firms and government. Tax & Accounting
includes the Professional Software & Services, Corporate
Software & Services, and Research & Guidance business
groups. About EDGAR(R) Online, Inc. EDGAR Online, Inc.
(http://www.edgar-online.com/) is a leading provider of value-added
business and financial information on global companies to
financial, corporate and advisory professionals. The company makes
its information and a variety of analysis tools available via
online subscriptions and licensing agreements to a large user base.
EDGAR is a federally registered trademark of the U.S. Securities
and Exchange Commission (SEC). EDGAR Online is not affiliated with
or approved by the U.S. Securities and Exchange Commission.
DATASOURCE: EDGAR Online, Inc. CONTACT: T. David Colgren,
+1-646-536-5103, of Colcomgroup, Inc.; Melissa Lande,
1-800-993-7600 x1#, of Lande Communications for I-Metrix powered by
Checkpoint Web site: http://www.edgar-online.com/
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