Rivet Software Reaches 10,000 Financial Filings, More Than Any Other Financial Reporting Vendor

DENVER, Nov. 11, 2013 /PRNewswire/ -- Rivet Software, an industry leader in financial reporting, announced today it has reached the 10,000 XBRL filing milestone, a level no other vendor has accomplished.  The achievement furthers Rivet's leadership position in the Microsoft Office-based Disclosure Management and SEC Compliance space, and underscores Rivet's experience and quality of work in the application of XBRL and other technologies in financial reporting.

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"We have led the way in terms of interactive financial reporting and the number of filings that we've supported shows that," said Scott Calvert, chief revenue officer.  "We continue to be the company customers turn to when looking to optimize their financial communications with greater financial transparency and by leveraging global standards. Our quality solutions and experienced support staff are the reasons so many have worked with us over the years."

Calvert attributes Rivet's ability to achieve the 10,000 mark in filings to the company's industry leading Crossfire software.  Just last month, Rivet announced a new version, Crossfire 5.7, which features more efficiencies in filing, improved analytics and greater ease of use.  A key differentiator of Crossfire is its support of Microsoft Office 2013, further solidifying Rivet's partnership with Microsoft and its flagship products -- Excel, Word and PowerPoint.  The new version is part of Rivet's aggressive product roadmap that is designed to focus on its highly collaborative Software as a Service (SaaS) platform and its high-touch, scalable services model.  

As well, in September, Rivet rolled out a sweeping strategic restructuring plan to further Rivet's leadership position in the Microsoft Office-based Document, Disclosure and SEC Compliance Management space.  Newly appointed CEO Madelaine Rohan called the move, "a re-birth of sorts and a new era for a renewed company."  The strategic plan for the company going forth will focus on improving overall operations, capturing market share and driving product innovation all to serve customers better, she said in that announcement.

"We've made great strides in the Disclosure and Information space and this achievement underscores what we've done," said Calvert.  "We are looking forward to helping our customers with the next 10,000 filings and beyond, and feel we are in a solid position to do that."

About Rivet Software
Rivet Software provides financial reporting systems that improve the way companies create and consume financial information. Founded in 2003 by software and accounting industry veterans, Rivet's mission remains to revolutionize global financial communications by enabling financial transparency and leveraging global standards. Headquartered in Denver, Co., the firm employs the most experienced XBRL and financial reporting staff in the industry. Rivet was honored in 2011 and 2012 as an Inc. 500 company.  www.rivetsoftware.com.

SOURCE Rivet Software