CHICAGO--(BUSINESS WIRE)--Donnelley Financial Solutions (NYSE: DFIN), a leading provider of risk and compliance solutions, today announced that the firm completed its own Form 10-K filing on iXBRL (inline eXtensible Business Reporting Language). The Company’s proprietary compliance filing solution, ActiveDisclosure, allowed for simplified collaboration and streamlined accuracy throughout the entire process in order to ensure a successful iXBRL filing.
“As a Securities and Exchange Commission (SEC) filer ourselves, we understand the importance of getting iXBRL right during the current voluntary period,” said Craig Clay, President, Global Capital Markets, Donnelley Financial Solutions.
iXBRL filings combine human-readable and machine-readable formats into a single file and are currently an option for companies participating in the SEC’s voluntary iXBRL program. iXBRL provides notable benefits to filers, investors and regulators, including 1) a simplified reporting process, 2) a reduction in the amount of time dedicated to preparing and publishing information, and 3) increased usability and reliability of reported information resulting in higher data quality.
“As an industry leader in global financial filings and reporting quality, Donnelley Financial Solutions is a strong advocate for the early adoption of new technology standards like iXBRL,” said Clay. “By leading the way with our own filing, our clients can better see and understand that the transition to iXBRL filing can be seamless, and take steps to begin their own iXBRL filings with complete confidence.”
“Our team has delivered on a solution that our clients can use to create high-quality iXBRL for their regulatory filings, including our unique solution that supports stylized HTML. We are confident that our solution will delight our customers by providing an iXBRL solution that meets the quality outputs they have come to expect from ActiveDisclosure,” added Brian Chavez, XBRL Product Manager of Donnelley Financial Solutions.
About Donnelley Financial Solutions
With the right solutions in moments that matter, Donnelley Financial Solutions (NYSE: DFIN) delivers risk and compliance solutions that fuse deep industry experience, unparalleled service, and elegant technologies to provide our clients with insights that power their decisions and shape global markets. The company has 3,500 employees in 61 locations across 18 countries, serving thousands of clients globally. For more information about Donnelley Financial Solutions, visit www.dfsco.com or follow us on Twitter @DonnelleyFin or on LinkedIn.