DataTracks Rainbow connects your entire team with a few clicks and offers you endless possibilities to convert your annual 10Ks, quarterly 10Qs, as well as other SEC filings to comply with a variety of disclosure requirements.
Why DataTracks Rainbow is the right choice for compliance reporting?
Save time, reduce risks and produce error-free compliance reports with our cloud-based software, DataTracks Rainbow – that automates and prepares accurate compliance and financial reports in multiple output formats like XBRL, Inline XBRL and EDGAR HTML for filing with regulators such as the SEC.
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Alter the order in which taxonomy elements are being presented.
Quick breakdown for collaboration and co-authorization.
Toggle between table and text.
Tag values in tables.
Texts and paragraphs can be tagged simultaneously.
Define periods, scale, currency for tagged values.
Tag numerical values in paragraphs quite instantly.
Multiple input capabilities
Enable teams to associate and link offline data from various systems including General Ledger (GL) and other spreadsheet documents. Simply update your data source and the new datasets are automatically pushed to the required location in the platform.
Import content from various data files such as Word® or PowerPoint® and start converting them into XBRL, Inline XBRL formats accurately; helping you save both time and cost.
Word and PowerPoint are registered trademarks of Microsoft Corporation in the United States.
Carry forward your previous XBRL tags
DataTracks Rainbow allows tagged information to be re-used across different periods and various taxonomy versions. Roll your tags forward and eliminate the need to re-tag while the updated tags automatically flow into your XBRL documents. This feature enables you to significantly reduce errors and inconsistencies.
Regulate data access
With the extent and complexity of financial data, determining users’ level of access can easily become complicated. Keeping that in mind, we provide an entirely new approach to managing privileges – right from the time you create a user to making changes to various sections in your financial documents.
DataTracks Rainbow enables you to set up restrictions on different IP levels and limit access to a subset of user functions and accounts.
Update numbers and narratives located at different places within our platform and reduce time and efforts significantly using the Data Cloning feature.
Changes made to linked financial data get instantly updated across all locations within the document, scaling them further to even decimal levels.
Enterprise-grade data security
Preserve the integrity and information security of your financial data with DataTracks which is compliant with ISAE 3402, SSAE 18 and ISO 27001 standards. Powered by a Tier 1 cloud provider, the DataTracks environment is designed and built to meet rigorous compliance standards including SOC 1 (formerly SAS 70).