OPEXEngine and EDGAR Online Announce the Availability of XBRL-Enabled Benchmark Reports
March 19 2009 - 10:00AM
PR Newswire (US)
Innovative on-demand product enables the assembly and downloading
of operating results dashboards for US-based publicly traded
companies BOSTON, March 19 /PRNewswire/ -- OPEXEngine, LLC - the
leading provider of operating metrics and benchmarks for technology
organizations - this week released the On-Demand Dashboards which
enable users to create comparative financial analysis reports that
can be downloaded into a pre-loaded Excel spreadsheet. On-Demand
Dashboards were developed using OPEXEngine's benchmarking expertise
and are populated by XBRL-tagged data from EDGAR(R) Online
(NASDAQ:EDGR), a leader in the global financial reporting standard
- eXtensible Business Reporting Language. On-Demand Dashboards
deliver insight about four key areas of operations: Financials,
General & Administrative, Research & Development, and Sales
& Marketing expenditures. To create an On-Demand Dashboard,
registered users log on via the OPEXEngine web site
(http://www.opexengine.com/) and specify ticker symbols and time
periods - full year, quarterly or half year periods - and the
configured reports are automatically populated and presented with
operating ratios already calculated through an immediate connection
to the EDGAR Online data base housing over 10 years of XBRL-tagged
financial statement data. While the assembly of On-Demand
Dashboards takes only minutes, it can save financial executives
hours of time normally spent gathering and compiling data on peer
companies. "Our On-Demand Dashboards provide quick, useful reports
for operating executives who don't have access to high-end data
services and in-house analysts to gather and standardize
information," says Lauren Kelley, OPEXEngine CEO and founder. "The
Dashboards deliver this valuable information affordably and in an
accessible format for CEOs, CFOs and other operating executives so
they can spend more time making better operating decisions and less
time manually looking for financial comparables upon which to base
their decisions." "Powering On-Demand Dashboards with EDGAR
Online's robust XBRL financial data has enabled OPEXEngine to
rachet up the quality of tools operating executives can use to
ensure their companies maintain a competitive edge," said Sue
Childs, EVP Business Development and Marketing for EDGAR Online.
"On-Demand Dashboards is a great service that allows me to easily
benchmark our performance vs. others in our industry," says Todd
Palmieri, CFO of Boomi, the market leader in on-demand integration
technology. "I track the quarterly financials for several key
companies in the software sector using a spreadsheet that I built
myself, but compiling the data made the analysis virtually
impossible to maintain. The On-Demand Dashboards service takes all
that headache away and in 5 minutes I can put together a great
report to present at our Board meeting." The On-Demand Dashboards
are available today at http://www.opexengine.com/. Pricing for a
report about a single company starts as low as $149. About
OPEXEngine OPEXEngine, LLC (http://www.opexengine.com/), is a
leading provider of operating metrics and benchmarks for technology
companies. OPEXEngine develops original metrics based on
confidential surveys and incorporates 3rd party data sources, such
as EDGAR Online, to deliver relevant operating information that
helps technology executives drive profitability and revenue growth
. OPEXEngine was founded by operating executives with decades of
experience in finance, sales, marketing and general management of
technology companies. For more information about OPEXEngine
products and services, contact us at 781-891-4149 or . About EDGAR
Online, Inc. EDGAR Online, Inc. (NASDAQ:EDGR) is a leader in the
distribution of company data and public filings for equities,
mutual funds and a variety of other publicly traded assets. We
deliver our information products directly to end users via online
subscriptions and data licenses, and to redistributors who embed
our content in their own and their clients' Web sites. Our
proprietary automated systems allow for the rapid conversion of
data and we are a pioneer and leader in the global financial
reporting standard--eXtensible Business Reporting Language,
otherwise known as XBRL. We use our automated processing platform
and our expertise in XBRL to produce both datasets and tools and to
assist organizations with the creation, management and distribution
of XBRL financial reports. For more detailed information on all of
our businesses or to contact us please visit our Web site at
http://www.edgar-online.com/. DATASOURCE: OPEXEngine, LLC CONTACT:
Lauren Kelley, CEO, OPEXEngine, LLC, +1-781-891-4149, ; or T. David
Colgren, Colcomgroup, Inc., +1-917-587-3708, Web Site:
http://www.edgar-online.com/ http://www.opexengine.com/
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