Merrill introduces XBRL solution for mutual funds

BBR Staff Writer Published 13 September 2010

Merrill, a developer of technology-enabled services for the financial markets, has introduced XBRL Complete data management solution for the Securities and Exchange Commission's (SEC) XBRL mandate for mutual funds.

Merrill said that its XBRL Complete data management solution offers mutual funds a service offering that produces accurate and reliable data in XBRL format through a cost effective process.

According to Merrill, the XBRL Complete filing solution is designed to enable clients to comply with confidence.

The XBRL Complete filing solution is structured so data is systematically tagged, validated, filed and published.

Merrill MCS division president Roy Gross said that the company is delivering a comprehensive solution for the XBRL mandate that will allow clients to effectively comply with the new ruling and realize enhanced cost-effectiveness and efficiencies associated with their filings.

In support of this new solution, Merrill Corporation has entered into a strategic alliance with EDGAR Online that will allow clients to leverage EDGAR Online's industry-leading XBRL tagging services to the mutual fund marketplace.