Sacramento, CA, August 27, 2010 --(PR.com
)-- In the June 21 issue of Accounting Today, and online at Webcpa.com, LogixData's Company IQ™-SEC Comment Letters was named the 2010 Top New Product in Financial Reporting.
Accounting Today describes how an SEC filer preparing a disclosure or a response to an SEC comment can quickly locate examples of how other companies have disclosed similar information or answered a similar comment, learn how SEC staff reacted to the disclosure, and use that intelligence to help create a solution that satisfies SEC staff and prevents future comments.
“We are overwhelmed by the excitement and interest in our product and we are honored to be named the Top New Product for 2010,” says Ganesh Rajappan, Founder and CEO of LogixData. “We expect similar excitement about our next product, Compliance and Disclosure, which expands this concept beyond SEC comment letters to all major SEC filings,” says Rajappan.
A key strength of the solution is its ability to match together comments and responses on a particular topic even when they occur over several rounds of correspondence. The solution always shows the full context of the conversation between the SEC and a registrant, so that it is clear whether a company’s response resolved the comment or triggered additional comment letters.
"It's an excellent way to profit from other companies' successes - and mistakes," says Accounting Today.
Company IQ-SEC Comment Letters is popular with accounting firms, law firms, and corporations alike. It is available as an annual subscription or on a per-report basis by topic. Additionally, registrants receiving a new comment letter can access the "comment letter on-demand" service. Additional resources, including sample screen prints, a product brochure, and a video demonstration are available on the company's website at http://www.logixdata.com/comments.