We are pleased to announce that we have partnered with Virtua Research to offer analysts and sophisticated investors the Interactive Analyst Center – a new standard of rendering a company’s financial data.
The Interactive Analyst Center was originally designed at the request of Agnico-Eagle Mines Limited with the purpose of providing investors and analysts the most advanced new suite of interactive financials and graphing tools, all embedded in a single, logical location — the investor section of a company’s website.
Some of the KEY FEATURES include:
Excel like Presentation – for ease of use and accessibility
Multiple Annual and Quarterly Data – for simplified, more contextual investor understanding
Export to Excel – statements and data can be exported for simplified model building
Interactive Graphs – build, select and graph interactive operational and financial ratios
Links to Actual Filing Data – right-click any line item to view source documents
Ratio Descriptions – left-click any ratio for more detailed information and formula
There are also many BENEFITS to making this feature available on your company website as it will:
Increase your company valuation with best practices transparent disclosure
Offer the interactivity of exporting to Excel up to 5 years of aggregated financial data
Save time, effort and money educating existing and potential investors
Improve control of your financial message for more consistent investor modeling
Update your quarterly financials in real time for conference call “housekeeping” questions
Provide new methods of visualizing financial relationships with interactive graphing tools
Seamlessly integrates into any corporate or investor website
Earlier today the SEC Chairmen, Christopher Cox unveiled the successor to the form based EDGAR database. The new system is called IDEA (Interactive Data Electronic Applications) and will be built on an XBRL based platform that will give investors access to faster and more detailed financial information than ever before.
During the webcast Chris Vickerson, our CTO was involved in FT Alphaville’s liveblog discussion and also had one of his question answered by Christopher Cox. After the web cast the SEC home page was updated with a significant focus on IDEA. From the link on the home page there is an overview of IDEA that I’ve summarized below (emphasis is mine):
IDEA will at first supplement and then eventually replace the EDGAR system, which will become an archive of SEC filings made prior to the new era of financial reporting in interactive data format. The SEC has formally proposed requiring U.S. companies to provide financial information using interactive data beginning as early as next year, and separately has proposed requiring mutual funds to submit their public filings using interactive data.
The decision to replace EDGAR marks the SEC’s transition from collecting government-prescribed forms and documents to making the information itself freely available to investors in a user-friendly format they can readily use. Instead of sifting through one form at a time in EDGAR and then re-keyboarding the information to analyze it, investors will be able to utilize interactive data to instantly search and collate information to generate reports and analysis from thousands of companies and forms through IDEA.
The ease with which interactive data will make financial information more readily available also is expected to generate many new Web-based services and products for investors. IDEA’s launch represents a fundamental change in the way the SEC collects and publishes company and fund information — and in the way that investors and the markets will be able to use it.
Although there was nothing materially new announced during today’s webcast (no new technology or application were shown), IDEA is an important when viewed in the context of how disclosure is going to evolve over the next 5 years. The timetable to full maturity is 5 years out, and while it is being phased in EDGAR will remain an important component of the financial disclosure system. However, if we fast forward to market adoption of XBRL and IDEA there will be many new ways that companies will create and distribute disclosure to the market and there will be all sorts of new applications and methods for investors to benefit from this data. It certainly is an exciting time for our industry and we are very pleased to see the leadership Christopher Cox has shown in bringing the SEC into the age of the Internet.
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