Bowne Financial Print Wins InfoWorld 100 Award for Use of Fujitsu Interstage XWand to Complete First XBRL(R)-Based SEC Filing.SUNNYVALE, Calif. -- First Successful SEC Filing in XBRL (EXtensible Business Reporting Language) A specification for publishing financial information in the XML format. It is designed to provide a standard set of XML tags for exchanging accounting information and financial statements between companies and analysts. Highlights Ability to Achieve Compliance and Greater Efficiency via Interstage XWand for Online Financial Reporting Fujitsu Software Corporation today announced that Bowne Financial Print, the world's largest financial printer, leading EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. filer and a division of Bowne & Co., Inc. (NYSE NYSE See: New York Stock Exchange :BNE BNE Biblioteca Nacional de España (National Library of Spain) BNE Board of Nurse Examiners BNE Buffalo Niagara Enterprise (economic development organization; New York) BNE Branch If Not Equal ) has been named a winner of the 2005 InfoWorld 100 Award in the Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. category and a finalist for the InfoWorld 100 Project of the Year Award, which will be announced in March. The InfoWorld 100 Awards celebrate the real-world IT projects that use technology in smart, innovative and creative ways to meet business and technical objectives (see the InfoWorld special report and the Bowne profile at http://www.infoworld.com/reports/46SRiw100.html). Bowne was recognized for using Fujitsu's Interstage XWand to complete the first electronic SEC filing based on the eXtensible Business Reporting Language (XBRL). The filing was conducted as part of the SEC's new XBRL Pilot Program, enabled by the Interstage XWand application development and runtime environment A configuration of hardware and software. It includes the CPU type, operating system and any runtime engines or system software required by a particular category of applications. See runtime engine. for building and deploying full-feature, industrial-strength XBRL applications. As the world's largest financial printer and a leading EDGAR filer, Bowne Financial Print, provides the most comprehensive array of transactional and compliance-related services to create, manage, translate and distribute mission-critical documents. As a filing agent, many of the leading public companies use Bowne to prepare their SEC filings. Having completed the SEC XBRL filing process, Bowne has first-hand experience with the efficiencies gained in using XBRL-based online reporting to comply with SEC filing requirements. The company is now well positioned to assist clients wishing to participate in the SEC's voluntary program; help them recognize the level of effort involved; and ultimately help create, manage and file these XBRL-based documents for their clients. "We are honored to receive the InfoWorld 100 Award for our use of XBRL to file electronically with the SEC. XBRL is an important standard for enabling regulatory compliance, as well as providing greater transparency and efficiency in financial reporting. Bowne has worked closely with members of the accounting and auditing professions, as well as many software vendors, to prepare for the SEC pilot and to stay as current as possible on this emerging technology." said Erika Craven CRAVEN. A word of obloquy, which in trials by battle, was pronounced by the vanquished; upon which judgment was rendered against him. , vice president, strategic marketing, Bowne Financial Print. "Companies need technology partners like Fujitsu to support these efforts, and we welcome Fujitsu's Interstage XWand as a valuable tool for enabling clients to more quickly and cost-effectively implement XBRL-based solutions to meet the increasing demands of corporate reporting." XBRL, the standard language for online financial reporting, helps companies to save costs and streamline their processes for collecting and reporting financial information. The SEC and other regulatory agencies regulatory agency Independent government commission charged by the legislature with setting and enforcing standards for specific industries in the private sector. The concept was invented by the U.S. are engaging in XBRL initiatives in support of worldwide compliance regulations to help significantly improve the collection, processing, dissemination dissemination Medtalk The spread of a pernicious process–eg, CA, acute infection Oncology Metastasis, see there and analysis of financial data. Bowne and Fujitsu have played active roles in promoting the XBRL standard, and both are members of XBRL International, a not-for-profit consortium of approximately 250 companies and agencies worldwide working together to build the XBRL language and promote and support its adoption. "As a leading player in the financial services world, Bowne understands the requirements for regulatory compliance and transparency in financial reporting. We are proud that Bowne has been recognized with the InfoWorld 100 Award for its implementation of Interstage XWand to address these demands, resulting in the first successful SEC filing in XBRL," said Robert Sepanloo, senior vice president of Interstage at Fujitsu Software Corporation. "Bowne's experience demonstrates how companies can use our XBRL-based solutions to better streamline their financial reporting processes in order to reduce costs and provide a clear audit trail to the source of their financials." About Interstage XWand Interstage XWand is the first, fully compliant and 100 percent Java-based XBRL application development and runtime environment. With Interstage XWand, financial enterprises, regulatory bodies and investment firms can build robust, full-feature XBRL applications that comply with financial reporting mandates such as Sarbanes-Oxley and Basel II Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. The purpose of Basel II is to create an international standard that banking regulators can use when creating regulations , as well as the IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. mandate for companies with more than $50 million in revenues to file their financial data in the XBRL standard. Interstage XWand 7.0 also improves financial reporting processes for corporations, regulatory bodies and investment firms and simplifies the analysis of corporate accounting statements for investment portfolio, risk review and loan purposes. About Bowne Bowne & Co., Inc., founded in 1775, is a global leader in providing high-value solutions that empower our clients' communications. --Bowne Financial Print: The world's largest financial printer and leading EDGAR filer, specializing in the creation, management, translation and distribution of regulatory and compliance documents. --Bowne Enterprise Solutions: Digital composition, print, delivery and fulfillment of customized and personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. communications designed to enable companies to more-effectively target customers to increase market leadership. --Bowne Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Solutions: Consulting, electronic discovery and software solutions, including DecisionQuest(R), one of the nation's largest trial research firms, bring our clients fresh perspective resulting in better informed choices about strategies and tactics at every step in the litigation process. Bowne & Co. combines these capabilities with superior customer service, new technologies, confidentiality and integrity to manage, repurpose To change the media format; for example, to go from print to online. and distribute a client's information to any audience, through any medium, in any language, anywhere in the world. For more information, visit us at www.bowne.com. About Fujitsu Software Corporation Fujitsu Software Corporation, based in Sunnyvale, California Sunnyvale ([sʌniveil]) is a city in Santa Clara County, California, United States. It is one of the major cities that make up the Silicon Valley. As of the 2000 census, the city population was 131,760. , is part of the Fujitsu Limited (TOKYO:6702) family. The wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. delivers one of the world's broadest lines of application infrastructure software products, including the Interstage(R) Suite. Fujitsu Software Corporation leverages Fujitsu's international scope and expertise in developing and providing information technology solutions, including more than 4,000 software developers worldwide. To learn more about the Interstage Suite, visit www.fujitsu.com/interstage. Copyright 2005 Fujitsu Software Corporation. Fujitsu, the Fujitsu Symbol Mark, and Interstage are registered trademarks of Fujitsu Limited. All Interstage products and components are trademarks of Fujitsu Limited and Fujitsu Software Corporation. XBRL(R) is a registered trademark of the American Institute of Certified Public Accountants With over 330,525 CPA members (in August 2006), the American Institute of Certified Public Accountants (AICPA) is the largest professional organization of Certified Public Accountants (CPAs) in the United States of America. . All other registered trademarks, trade names, or service marks mentioned in this document are the property of their respective owners. |
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