NEW YORK, Sept. 24, 2013 /PRNewswire/ -- DataTracks, a leading provider of Edgar and XBRL services worldwide, has launched DataTracks Disclosure Management System for corporations and their service providers for preparing regulatory filings in the United States.
DataTracks Disclosure Management System facilitates corporations to have full control over the process of preparing regulatory filings while leaving all the heavy lifting to DataTracks.
The system allows multiple users to work on a single document to prepare outputs in PDF, HTML and XBRL formats for filing with the SEC.
The main differentiator is that subscribers to DataTracks Disclosure Management System would be able to make last-minute changes in-house quickly and yet leave the bulk of the work in preparing HTML and XBRL statements to DataTracks.
The system facilitates collaboration and working groups. The access restriction feature provides access to specific sections of the document to specific users, and permits users to perform specific authorized actions.
The system includes an online Reviewer's Guide that mirrors SEC rendering of the XBRL output. This feature enables users to review the taxonomy properties assigned to the data and provide necessary feedback. The feedback record also acts as an audit trail.
"We are happy to offer a low cost 'minds on hands off' solution that allows our users to have control, quickly execute last minute changes, and yet leave all the heavy work in preparing these documents to DataTracks," said T R Santhanakrishnan, Chairman/CEO of DataTracks.
Suresh Illath, Chief Operating Officer of DataTracks, said, "This single source cloud solution helps users execute all changes in one place without having to worry about concurrent incorporation and consistency of the changes in multiple outputs. Changes made in one place will automatically get incorporated in multiple output documents such as the HTML, XBRL and PDFs."
Gary Purnhagen, Vice President Business Development, DataTracks, said, "Our offering enjoys four strong differentiators in the market. One, our service is a fully assisted service where we do all the heavy work and yet clients have far greater control in the last minute. Two, our price is fixed. There are no surprises/extras. Three, our Reviewer's Guide allows users to quickly/easily review the tagging decisions and build consensus. Four, we have eight years track record in preparing regulatory filings in US and are a market leader in this space in UK."
DataTracks Disclosure Management System is offered with fully assisted service at an affordable fixed cost. To know more, please visit www.datatracks.com.
About DataTracks: DataTracks Inc. is part of DataTracks Services Limited (www.datatracksglobal.com), leaders worldwide in preparation of financial statements in XBRL and iXBRL formats for filing with regulators. DataTracks prepares more than 12,000 XBRL statements annually for filing with regulators such as SEC in the United States, HMRC in the United Kingdom (www.datatracks.co.uk) and MCA in India (www.datatracks.in).