XBRL.

• Position: TechnologyTOOLS - Rivet Software's XBRL

Rivet Software, a provider of financial integrity management solutions, has released the new Dragon Tag[TM] XBRL (eXtensible Business Reporting Language) enabler, which Rivet calls "the first easy-to-use Microsoft Office-based solution that takes the complexity out of converting financial statements to industry-standard XBRL documents."

As a growing number of governments, regulators and entities, such as the Securities and Exchange Commission (SEC) and the U.K.'s Inland Revenue and Financial Services Authority drive the adoption of XBRL, the vast majority of finance professionals are searching for help in creating XBRL reports. Dragon Tag was designed to shield accounting and finance professionals from the enormouse complexity of the XBRL standard, and to make document tagging as easy as using Microsoft Excel or Word.

"Having the ability to create an XBRL document along with any necessary company taxonomy extensions all within Microsoft Office, Rivet's Dragon Tag marks the next generation of user-friendly XBRL software," said Paul Penler, chair of XBRL U.S.

Dragon Tag complies with the latest version of the XBRL Specification (2.1), which enables companies to prepare, publish (in a variety of formats), exchange and analyze financial statements and the information contained therein. Dragon Tag leverages the power of Microsoft Word and Excel, allowing financial professionals to work comfortably with XBRL within their familiar products.

Commenting on integrating Dragon Tag, Michael Ohata, director of Business Reporting for Microsoft, said, "Finance professionals rely on Word and Excel...