NEW YORK, June 15, 2016 /PRNewswire/ -- Vintage, the capital markets, corporate services and institutional & fund services division of PR Newswire, today announced that both their fleXBRL regulatory program and their company's dedication towards quality support the Securities and Exchange Commission's new iXBRL initiative for public companies.
The Securities and Exchange Commission (SEC) announced on Monday that public companies now have the option to file their Forms 8-K, 10-Q, 10-K, 20-F and 40-F in a financial disclosure format known as Inline XBRL, also referred to as iXBRL. iXBRL is the merging of two distinctly different document formats – machine-readable XBRL and "people-readable" HTML into a single document. Currently, the SEC requires that corporate issuers file their financial reports with the SEC in both XBRL and HTML.
All Vintage clients will have the ability to file with iXBRL for the Q3 2016 filing season.
"The adoption of iXBRL has great potential to simplify the review process for our clients," said Liam Power, President, Vintage. "Eliminating the duplicate tasks of reviewing, editing and approving the same financial information on two different documents is clearly the intelligent, next step in the evolution of structured data reporting and for our fleXBRL program. By design, our fleXBRL program adapts to meet the needs of our clients and of the SEC."
Vintage fleXBRL is a leading reporting program that matches the internal workflow for companies of all market-cap and filing complexity:
- fleXBRL Complete: Flexible XBRL tagging process between Vintage and client's on-staff financial team. Our XBRL Dedicated Accountants execute taxonomy tagging process while clients have real-time web portal / Microsoft Office oversight to review, directly edit and submit both XBRL and associated HTML EDGAR files at any time up to filing deadline.
- fleXBRL Command: 100% self-serve web portal / Microsoft Office solution for companies with on-staff XBRL specialist(s). XBRL and associated HTML EDGAR files can be submitted to the SEC at any time up to filing deadline.
- fleXBRL Core: Traditional XBRL tagging and filing solution. All tagging, timeline management and final filing executed by Vintage XBRL specialists. Adherence to filing workflow timeline is essential.
Please visit Vintage today for more information: http://www.thevintagegroup.com
About Vintage
Vintage, a PR Newswire division, is a top-three provider of full-service regulatory compliance and shareholder communications services, delivered across our three practice areas: Capital Markets, Corporate Services and Institutional & Fund Services.
Founded in 2002 and acquired by PR Newswire in 2007, Vintage has evolved to become the industry's intelligent value choice. We deliver a flexible balance of people, facilities and technology to ensure that regulatory compliance and shareholder communications processes are efficient, transparent and painless. Services include IPO registrations, transactions, virtual data rooms, EDGAR & XBRL filing, typesetting, financial printing and investor relations websites.
About PR Newswire
PR Newswire (www.prnewswire.com) is the premier global provider of multimedia platforms that enable marketers, corporate communicators, sustainability officers, public affairs and investor relations officers to leverage content to engage with all their key audiences. Having pioneered the commercial news distribution industry 60 years ago, PR Newswire today provides end-to-end solutions to produce, optimize and target content — from rich media to online video to multimedia — and then distribute content and measure results across traditional, digital, mobile and social channels. Combining the world's largest multi-channel, multi-cultural content distribution and optimization network with comprehensive workflow tools and platforms, PR Newswire enables the world's enterprises to engage opportunity everywhere it exists. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and the Asia-Pacific region, and is a UBM plc company. http://www.prnewswire.com
Media Contact:
Bradley H. Smith
Director of Marketing, IR and Compliance Services
PR Newswire & Vintage
+1 201.942.7157
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SOURCE Vintage