R. R. Donnelley & Sons Company announced that its RRD ActiveDisclosure system has been recognized as a winner in the 2012 Ventana Research Technology Innovation Awards. RR Donnelley earned the top spot in the governance, risk and compliance (GRC) technology category, which honors innovation that advances business and IT. The RRD ActiveDisclosure system makes the disclosure management process faster and easier to give financial reporting professionals and C-level executives more time to focus on business-critical activities.
The Securities and Exchange Commission's XBRL filing regulations present a challenge to enterprises, leading many to evaluate their processes for external reporting. As companies explore more efficient disclosure management solutions, they can rely on the RR Donnelley team and the RRD ActiveDisclosure system to facilitate filing, XBRL tagging, and workflow and content management. The cloud-based solution lets teams draft, collaborate on and finalize SEC disclosures and other filing requirements in-house.
"RR Donnelley's ActiveDisclosure system enables finance and legal departments to concentrate more on the content of mandated disclosure documents because they spend less time on the purely mechanical aspects of the process," observed Robert Kugel, SVP and Research Director at Ventana Research. "By automating the assembly of text and data elements, as well as the required document tagging using XBRL, the RRD ActiveDisclosure system gives executives more time to focus on how well the document communicates the company's results and prospects and reduces the risk of errors or misstatements."
The 2012 Ventana Research Technology Innovation Awards were presented at the Ventana Research Business Technology Innovation Summit on November 8th at the Tech Museum in San Jose, California.