PRZOOM - /newswire/ -
Santa Clara, CA, United States, 2008/10/02 - NeoClarus CEO Satish Appalakutty has been invited to participate in a panel discussion led by Deloitte on "Getting Started? Tools for SEC Filings" during the 18th XBRL International Conference in Washington DC - XBRL.org.
The conference will be held at the Reagan Building and International Trade Center on October 15-16, 2008. This global forum will bring together business leaders from around the world in investor communications, accounting, auditing and government agencies to discuss the impact of Interactive Data on their practice areas.
"XBRL is great step forward for corporations to provide better investor information. However, the full value of XBRL will be realized only when corporations start tagging financial information at the source i.e. ERP systems," said Satish Appalakutty, CEO of NeoClarus. "While XBRL offers compelling benefits to investors, institutions and analysts to be able to easily extract, compare and interpret data, the tagging of data to specific taxonomies can be tedious. NeoClarus makes preparation of XBRL documents easy for accounting professionals. With NeoClarus, one can seamlessly tag GL data to create an XBRL document."
The panel will discuss the software tools available in the market and how corporations can select the right tools to file financial statements in XBRL to meet their needs. The full conference is for two days, October 15-16, and features additional keynote speakers Christopher Cox, Chairman, Securities and Exchange Commission (SEC), Ira M. Millstein, Partner, Weil, Gotshal & Manges, LLP, William Lutz, Professor Emeritus, Rutgers University, Chair, SEC's 21st Century Disclosure Initiative and Liping Song, the CEO of the Shenzen Stock Exchange.
NeoClarus (neoclarus.com) is a provider of eXtensible Business Reporting Language (XBRL) based software solutions to Enterprises, Auditors, Financial Printers and Data Aggregators worldwide. NeoClarus iFile is an easy-to-use, web-based software application used by accounting professionals and financial printers to file financial statements in XBRL. Besides iFile, NeoClarus also offers the iAudit solution that automates the validation of XBRL documents to identify the syntactic, semantic and calculation errors in the documents. The iParser solution can automatically extract relevant data from XBRL instance documents for data dissemination and analysis. NeoClarus is headquartered in Santa Clara, California and has offices in India.
About XBRL International
XBRL International (XBRL.org) is a not-for-profit consortium of approximately 550 companies and agencies worldwide working together to build the XBRL language and promote and support its adoption.