Prepress
R.R. Donnelley and EDGAR(R) Online(R) Extend Relationship for Processing and Filing Financial Information in XBRL Format
Wednesday 01. October 2008 - Two Companies Have Industry Leading Solution for XBRL Conversion and Compliance
R.R. Donnelley & Sons Company (NYSE:RRD) and EDGAR Online, Inc. (NASDAQ:EDGR) announced today that they have signed a three year extension to their exclusive agreement to offer public companies an eXtensible Business Reporting Language (XBRL) compliance solution.
Since an original agreement was entered into in 2006, the RR Donnelley and EDGAR Online solution has become the number one choice to date for companies that have submitted XBRL formatted financials to the U.S. Securities and Exchange Commission (SEC) and offers a cost effective complete solution for public companies to respond to the SEC’s proposed rule for the required use of XBRL, or interactive data, starting in 2009.
“We are very pleased with the benefits we’ve been able to extend to our clients through our collaboration with EDGAR Online,” said Tom Juhase, President of RR Donnelley’s Financial Services offering. “Our full-service solution to the SEC’s proposed XBRL mandate has effectively demonstrated time savings, cost efficiency and ease of use. The process for our clients is very straight forward. We complete the initial translation, our client validates the tags, and then we submit the filing. It’s a clear and simple process.”
“We look forward to continued market leadership in XBRL through our relationship with RR Donnelley and are more convinced than ever that our relationship provides filers with the best possible market solution as we enter a new era of regulatory reporting,” said Philip Moyer, CEO and President of EDGAR Online. “Together, we will ensure that XBRL compliance remains simple and reliable. EDGAR Online’s core capabilities of deep XBRL expertise and an automated, scalable conversion solution fit very well with RR Donnelley’s commitment to provide the best possible services and solutions to their clients.”