xbrl us presentation by rivet software

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Presentation used during XBRL US Conference, November 2010, during the panel: "Technical XBRL Issues - a Non-Technical Review" Creating XBRL data means better accuracy and improved timeliness. But to realize those benefits means that accountants, securities processing professionals, asset managers and others may need to consider technical issues on creating XBRL data, report-writing, revising your financial management systems.

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Technical XBRL Issues:

Technical XBRL Issues Full-Service vs. Self-Service Installed Software vs. SaaS-Based Applications Rendering, the Necessary Evil Why Bother? A Non-Technical Review Brian Aratani | brian.aratani@rivetsoftware.com | www.rivetsoftware.com

Technical XBRL Issues A Non-Technical Review:

2010, Q2 Full-Service vs. Self-Service Filing stats: Rivet and partners such as R.R. Donnelley, full-service filings = 311 Rivet self-service filings = 22 Brian Aratani | brian.aratani@rivetsoftware.com | www.rivetsoftware.com Technical XBRL Issues A Non-Technical Review Full-Service (93.4%) Self-Service (6.6%) Full Service vs. Self Service

Technical XBRL Issues A Non-Technical Review:

Full-service solution best for 1 st and 2 nd year Transition to self-service in 3 rd year Technical XBRL Issues A Non-Technical Review Full-Service vs. Self-Service Brian Aratani | brian.aratani@rivetsoftware.com | www.rivetsoftware.com

Technical XBRL Issues A Non-Technical Review:

Full-Service vs. Self-Service Self-service benefits: Gives you complete control over the filing process and schedule Enables last-minute changes with greater ease Technical XBRL Issues A Non-Technical Review Brian Aratani | brian.aratani@rivetsoftware.com | www.rivetsoftware.com

Technical XBRL Issues A Non-Technical Review:

Provider should be able to transition company from full-service to self-service painlessly, with minimal disruption. Brian Aratani | brian.aratani@rivetsoftware.com | www.rivetsoftware.com Technical XBRL Issues A Non-Technical Review Full Service vs. Self Service Single Software Platform | Education & Training

Technical XBRL Issues A Non-Technical Review:

XBRL solution provider should offer constant education to get clients ready for transition to self-file status. Brian Aratani | brian.aratani@rivetsoftware.com | www.rivetsoftware.com Technical XBRL Issues A Non-Technical Review Full-Service vs. Self-Service

Technical XBRL Issues A Non-Technical Review:

SaaS (Software as a Service) costs are more predictable and this technology is low maintenance. Brian Aratani | brian.aratani@rivetsoftware.com | www.rivetsoftware.com Technical XBRL Issues A Non-Technical Review Installed Software vs. SaaS-based Applications Shorter implementation time Global availability Upgrade simplicity Minimal internal IT support Secure environment

Technical XBRL Issues A Non-Technical Review:

Until Inline XBRL is adopted in the US, the rendering capability is needed to view filings Data is King! Focus on better review capability to improve data quality, rather than on how it looks . Brian Aratani | brian.aratani@rivetsoftware.com | www.rivetsoftware.com Technical XBRL Issues A Non-Technical Review Rendering, the Necessary Evil

Technical XBRL Issues A Non-Technical Review:

SEC XBRL Mandate: Benefit vs. Burden Greater control over financial data Communicate information in universal language to stakeholders Benchmark, compare, and analyze between companies, across industries and more More attention/greater access for Tier Three companies from the analyst community Brian Aratani | brian.aratani@rivetsoftware.com | www.rivetsoftware.com Technical XBRL Issues A Non-Technical Review Why Bother?