Raul Varela of Rivet Software presented on interactive financial management. The presentation covered the definition of interactive financial management as using XBRL to extend financial reporting, control and decision making. It discussed how XBRL works and its benefits. Examples were given of how Rivet Software helps companies leverage Microsoft Office for financial disclosures, automate SEC reporting, integrate financial data, and create interactive reports. Case studies demonstrated time and cost savings customers achieved using Rivet's tools.

1. Thursday, May 30, 2013
1 CPE Credit

2. 2 RIVET SOFTWARE © Interactive Financial Management
HOUSEKEEPING
CPE credits will be emailed within
To receive a CPE credit you must:
1. Have checked the box when registering and identified your state
2. Answer the polling questions and submit a survey
3. If you have any questions please submit to the Q&A
4. If you have any audio or technical issues let us know through chat

3. 3 RIVET SOFTWARE © Interactive Financial Management
WHO IS RIVET
SOFTWARE?
Released
Released
Released
(Released to Open
Source in 2008,
7500+ downloads)
The SEC awarded
Rivet contract to
create a XBRL
filing viewer
Rivet completed joint
project with Thomson
Reuters to create a
universal XBRL loader
SEC announced XBRL
Mandate for
corporations and
mutual fund companies
Rivet established
strategic partnership
with RR Donnelley &
CO. (RRD)
Rivet services 1,600
companies for
corporate filings &
support 4,500 mutual
fund filings
Rivet terminates
services agreement
with RRD to refocus on
customer satisfaction &
software products
The SEC awarded
Rivet contract to create
a rule-based XBRL
rendering engine, still
in use on SEC.GOV

4. 4 RIVET SOFTWARE © Interactive Financial Management
PRESENTER
Raul Varela, CFA
Vice President of Partnerships
Raul manages the development and direction of Rivet’s
strategy for becoming the industry leader in global
financial communications. As a former Investment
Analyst, he is an expert at identifying market trends and
predicting the impacts of new technology on business
users. His experience in strategic partnership
development and corporate strategy combined with his
gift for project management, allows him to provide Rivet
with key financial information knowledge along with
strong leadership.

5. 5 RIVET SOFTWARE © Interactive Financial Management
AGENDA
+ What is Interactive Financial Management?
+ Why XBRL?
+ Leveraging Microsoft Office
+ Disclosure Management
+ SEC Reporting
+ Data Automation
+ Interactive Reporting

6. 6 RIVET SOFTWARE © Interactive Financial Management
POLLING QUESTION #1

7. 7 RIVET SOFTWARE © Interactive Financial Management
IFM DEFINITION
Interactive Financial Management
The management of financial reporting, financial control, and
financial decision-making enabled by XBRL -- the global
language of finance.
Interactive Financial Management provides the capabilities to
extend the “last mile of finance” to the “next mile of finance”.

8. 8 RIVET SOFTWARE © Interactive Financial Management
The management of financial reporting, financial control, and financial
decision-making enabled by XBRL -- the global language of finance.
Interactive Financial Management provides the capabilities to
extend the “last mile of finance” to the “next mile of finance”.

9. 9 RIVET SOFTWARE © Interactive Financial Management
POLLING QUESTION #2

10. 10 RIVET SOFTWARE © Interactive Financial Management
WHAT IS XBRL?
XBRL stands for
eXtensible Business Reporting Language
It is a language for the electronic communication of business information,
providing major benefits in the preparation, analysis and communication of
business information. It offers cost savings, greater efficiency and improved
accuracy and reliability to all those involved in supplying or using business
information.

11. 11 RIVET SOFTWARE © Interactive Financial Management
WHAT DOES XBRL
LOOK LIKE?

12. 12 RIVET SOFTWARE © Interactive Financial Management
XBRL
TIMELINE
TIMELINE
Limited liability no longer applies for some public companies from August 2011. By August 2013, Limited
Liability will expire for most public companies.
LIABILITY
After Limited Liability expires, XBRL financial information filed will be subject to the same level of liability as
other financial information filed.

13. 13 RIVET SOFTWARE © Interactive Financial Management
XBRL IS
INTERNATIONAL
UK
CA
SPUS
AU
NZ
IR
JP
KR
BE
VZ
CO
BR
AR
PT
RU
SG
HK
NO
SE
PL
FI
IT
CN
IN
LB
CZ
UA
LU
IAS
B
AE
NL
TR
GR
MT
CH
FR
SI
HU
AT
Established
Jurisdictions
Provisional
Jurisdictions
in Construction &
in Project
DE
DK
ZA

14. 14 RIVET SOFTWARE © Interactive Financial Management
USERS OF XBRL

15. 15 RIVET SOFTWARE © Interactive Financial Management

16. 16 RIVET SOFTWARE © Interactive Financial Management
POLLING QUESTION #3

17. 17 RIVET SOFTWARE © Interactive Financial Management
WHY MICROSOFT
OFFICE?
PresentationsData / Numbers

18. 18 RIVET SOFTWARE © Interactive Financial Management
LINKING EXCEL TO WORD
Excel
Word

19. 19 RIVET SOFTWARE © Interactive Financial Management
LINKING EXCEL TO
POWERPOINT
Excel
PowerPoint

20. 20 RIVET SOFTWARE © Interactive Financial Management
CASE STUDY:
ENERGY PROVIDER
Manual
Processes
The internal process included
typing hundreds of changes
into a Word document,
printing it out, handwriting
additional changes, then
walking upstairs to the SEC
Accountant office and
handing her the printed
changes. Every time a
number changed it had to be
updated manually throughout
the entire document.
Robust linking
from Excel to
Word
Changing a number in their
spreadsheet once and
updating it automatically
throughout their Word
document.
1000+ Links
Crossfire linking allowed
them to change a number in
MS Excel and update it
automatically throughout their
MS Word Document.
CHALLENGE SOLUTION RESULT

21. 21 RIVET SOFTWARE © Interactive Financial Management
Collaborate with team members while creating disclosures. Easily allow
internal and external team members to review content with in
disclosures. Work simultaneously with others on a single disclosure.

22. 22 RIVET SOFTWARE © Interactive Financial Management
DISCLOSURE
MANAGEMENT
 Multi-User collaboration
 External review with Ease
(Auditors/Legal)
 Multiple documents with
single data set
 Version control (No
pencils down!)

23. 23 RIVET SOFTWARE © Interactive Financial Management
CASE STUDY:
CARDTRONICS

24. 24 RIVET SOFTWARE © Interactive Financial Management
Handle all the XBRL and EDGAR HTML filing requirements of the SEC
mandate. Select tags once and reuse quarter to quarter including the
formatted EDGAR HTML. Roll forward your disclosure with a few
clicks taking seconds instead of days.

25. 25 RIVET SOFTWARE © Interactive Financial Management
SEC REPORTING

26. 26 RIVET SOFTWARE © Interactive Financial Management
CASE STUDY:
SUSSEX BANK
Multiple
Timelines,
Multiple
Challenges.
Wasted time using outdated
processes instead of
focusing on the quality of our
data.
Sussex
Implements
Crossfire
Crossfire’s Filing Wizard
allowed Sussex to file their
HTML and XBRL directly to
the SEC.
$4,000 saved
and 5 days
gained.
By using the Filing Wizard,
the team completed their
HTML and XBRL review two
days prior to their deadline.
CHALLENGE SOLUTION RESULT

27. 27 RIVET SOFTWARE © Interactive Financial Management
The key link of the core accounting and finance information into the last mile
of financial reporting. Provides easy access to financial information based on
the accounting structure of the information (the chart of accounts in many
cases) instead of a more complex IT view into the data.

28. 28 RIVET SOFTWARE © Interactive Financial Management
POLLING QUESTION #4

29. 29 RIVET SOFTWARE © Interactive Financial Management

30. 30 RIVET SOFTWARE © Interactive Financial Management
CASE STUDY:
HELIX ENERGY
Manual Inputs
Helix prepared filing
documents by manually
entering data from various
spreadsheets, combining
email and pdf documents,
and by copying and pasting
from various enterprise
resource planning (ERP) and
business process
management (BPM)
solutions.
Data
Automation
Data could be moved directly
from the company’s ERP
solution into a platform,
where tagging and validation
are easily applied and
verified.
Instant &
Accurate Data
The data connector between
their Oracle ERP and their
SEC filing platform worked
seamlessly. This process
alone saved their team
considerable time
as normally we would have to
hand type all of the financial
data into our periodic reports.
now it populates instantly and
accurately.
CHALLENGE SOLUTION RESULT

31. 31 RIVET SOFTWARE © Interactive Financial Management
Build digital board books that link back to your underlying data source. Drill down to
the details that make up the number reported. Merge internal data with external data
from the SEC to easily create peer comparisons and benchmark reports. Take your
information to the next mile of finance.

32. 32 RIVET SOFTWARE © Interactive Financial Management

33. 33 RIVET SOFTWARE © Interactive Financial Management
CASE STUDY: NATIONAL
HEALTH INVESTORS
Prior to using Crossfire’s SEC Data Feed, NHI manually used SEC.gov, created
complex formulas, calculated numbers, created PDF pages, and then finally
emailed the files to the executive team.
“We’re now able to get answers in minutes instead of hours. In our industry, being
able to quickly know what (and how) our peers are doing makes all the difference,”
states Bell. NHI demanded more from XBRL and Crossfire delivered. Rivet’s
Crossfire enabled NHI to strategically turn the SEC XBRL mandate into better
analytics and better data throughout their entire organization.
FAST & ACCURATE COMPETITOR ANALYSIS

34. 34 RIVET SOFTWARE © Interactive Financial Management
POLLING QUESTION #5

35. 35 RIVET SOFTWARE © Interactive Financial Management
The management of financial reporting, financial control, and financial
decision-making enabled by XBRL -- the global language of finance.
Interactive Financial Management provides the capabilities to
extend the “last mile of finance” to the “next mile of finance”.

36. 36 RIVET SOFTWARE © Interactive Financial Management
CONCLUSION
+ What is Interactive Financial Management?
+ Why XBRL?
+ Leveraging Microsoft Office
+ Disclosure Management
+ SEC Reporting
+ Data Automation
+ Interactive Reporting

37. 37 RIVET SOFTWARE © Interactive Financial Management
QUESTIONS?
QUESTIONS?
Interested in learning more about
Microsoft Office best practices?
Join us for a 1 CPE Credit webinar on
Wednesday, June 12th 11am ET