Free Interactive Report Gives Recommended Mapping, Tagging of Key Financial Statements for Companies Required to File XBRL for the First Time

Mar. 17, 2011 (Marketwire) --

REDWOOD CITY, CA -- (Marketwire) -- 03/17/11 -- Host Analytics, the leading provider of SaaS-based corporate performance management (CPM) solutions, and NeoClarus, a leading provider of Extensible Business Reporting Language (XBRL) based software solutions today announced a free offering to help first-time corporate XBRL filers comply with SEC regulations. This solution makes the required XBRL mapping and tagging process easier by providing an initial recommendation on XBRL mappings and extensions of key financial data.

"The message of fear, uncertainty, and doubt about the perils of XBRL process continues to be spread by XBRL software providers," said Jon Kondo, CEO at Host Analytics. "We are here to set the record straight, by partnering with NeoClarus to provide free XBRL mapping to companies unfamiliar with the process of doing so. This offering, coupled with Host Analytics' numerous XBRL training webinars can help companies lay out a plan for filing, alleviating the complexities of this newly mandated regulation."

The free offering from Host Analytics and NeoClarus works by identifying and recommending the tags for mapping a company's financial statements. From there, companies can review their statements in the context of the current XBRL taxonomy to understand the statements that need tagging and map them accordingly via an interactive interface. This solution allows users to identify items in their financial statements they want to represent differently to better conform to the XBRL tags, rather than filing extensions.

Extensible Business Reporting Language, or XBRL, is designed as a coded language for financial reporting, which allows users to create custom tags to identify different types of data. In 2009, the SEC issued a mandate requiring that public companies provide XBRL-formatted financial statements over a three-year phase-in schedule. This year, approximately 8,000 wave three companies, many of them small businesses with few resources, are required by law to file XBRL formatted financials for the first time.

"This is unfamiliar territory for many first time XBRL filers," said Satish Appalakutty, president of NeoClarus. "Many companies that are required to file XBRL for the first time this year have not yet focused on how they plan to complete the filing. The offering that we are announcing today takes the guessing game out of that unknown in a simple and cost-effective manner."

To access this free offer from Host Analytics and NeoClarus, please visit: