FOR IMMEDIATE RELEASE
CONTACT:
Nick Ochoa
NeoClarus,
Inc.
877-636-4345
marketing@neoclarus.com
NeoClarus and McMunn Associates Announce Partnership to Deliver XBRL Financial Reporting for Public Companies and Mutual Funds
Santa Clara, California, December 5, 2007
NeoClarus Inc. (NeoClarus), a leading provider of XBRL reporting software and solutions, and McMunn Associates, Inc. (McMunn), a full-service provider of database publishing and EDGAR filing services, have partnered to provide U.S. corporations and mutual funds with solutions for XBRL financial statement preparation.
With over 18 years of EDGAR filing experience, McMunn now adds NeoClarus XBRL capabilities to its portfolio of electronic, print, and training solutions. NeoClarus provides a hosted environment to gather financial data, tag the data using US-GAAP, IFRS, and ICI XBRL taxonomies, and validate and generate accurate, file-ready XBRL instance documents. NeoClarus shields the financial professional from the complexity of XBRL language by automating the tagging and validation process through a collaborative workflow.
Frank Lehr, Vice President and General Manager of McMunn, is focused on aligning McMunn with the evolution of financial reporting. “We are committed to keeping up with trends and adopting leading technologies for financial reporting so our customers can be ready when regulation requires it,” Lehr stated. He continued, ”XBRL compliance reporting will soon be upon us, and we are excited about our partnership with NeoClarus. The NeoClarus solution simplifies XBRL creation, which will make it easy for our clients to use, while still meeting McMunn’s operational and technical needs.”
XBRL solutions are available immediately from McMunn and NeoClarus.
Contact McMunn at edgar_dev@mcmutual.com
(856-671-6073) or NeoClarus at info@neoclarus.com
(877-636-4345) for more information.
About NeoClarus
NeoClarus, Inc is a leading provider of XBRL software and software enabled solutions for financial reporting within corporate enterprises and to external organizations and agencies. The NeoClarus software platform is a comprehensive, scalable environment for creation, management, and reporting of XBRL financial information. Financial statement preparers, financial printers, and auditors enjoy substantial cost reductions and greater internal efficiency with NeoClarus. Incorporated in May 2006, NeoClarus, Inc. is a technology company based in the heart of Silicon Valley, California. Its management team has over 40 years of experience in software, financial solutions, outsourcing, and service delivery. Its development team, based in Bangalore, India, has developed a leading expertise in the applied use of the XBRL language. For more information on NeoClarus and its financial reporting solutions, please visit: http://www.neoclarus.com
About McMunn Associates
Founded in 1985, McMunn Associates, Inc. is a provider of automated document production ranging from catalogs to financial documents. McMunn specializes in shareholder financial database publishing services and leading technologies for linking and formatting financial data to desktop publishing documents. One of the founding partners of McMunn Associates, Inc., Martin Farlow worked with the SEC in the development and testing of the original EDGAR Pilot program in the early 1980s. McMunn prepares and delivers EDGAR filings for public companies and mutual funds and is an SEC approved EDGAR filing trainer. With over 60 years combined experience among its principals in financial document delivery, McMunn clients derive value through better turnaround times, fewer alteration cycles, predictable cost savings, complete control of data flow, and world class customer service. McMunn is located in Collingswood, New Jersey. More information can be found at www.mcmutual.com.
