Thomson Reuters announced the launch of a next generation solution to facilitate the filing of financial disclosures with the U.S. Securities and Exchange Commission (SEC) in alignment with the SEC’s XBRL mandate.
Thomson Reuters Disclosure Solutions will enable companies that file financial disclosures with the SEC to more accurately prepare, update and deliver their financial disclosures through a single seamless workflow. The next generation Disclosure Solutions service is part of the Thomson Reuters Accelus suite of solutions.
Organizations globally are facing new challenges in order to meet their XBRL and disclosure transparency requirements. With the temporary limited liability provisions ending soon and the SEC scrutinizing the XBRL formatted files to ensure accuracy and timeliness, organizations need to be increasingly diligent in filing their disclosure reports. This new solution will enable organizations to improve the preparation of financial reports and allow them to take advantage of expert consulting services and software to successfully file disclosures with the SEC.