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Austin, Texas-based startup 9W Search has made a pilot version of its new web-based financial search engine—which enables users to quickly aess and pare financial information from public panies—available for testing as the vendor seeks feedback ahead of its formal launch.
Users of the 9W platform—including private wealth managers, financial advisors, researchers and analysts—can aess any data from public panies’ annual and quarterly financial filings dating back five years, important disclosures, stock quotes and executive management information, and can pare data on up to three panies at a time. The vendor sources the data from pany filings and financial data provider Edgar Online, as well as public data sources and pany webs.
The platform leverages financial data tagged in XBRL (eXtensible Business Reporting Language) to create reports and pare like-for-like data. “Since each individual item is individually tagged, the data is retrieved and assembled at the push of a button to generate reports” prising the data points selected by clients using 9W’s intuitive point-and-click interface, says Susan Strausberg, chief executive of 9W Search, and formerly -founder and CEO of Edgar Online.
US regulator the Securities and Exchange mission this year pleted the phased implementation of its mandate for all public panies to submit financial filings in XBRL format, so all listed panies have now filed reports in XBRL for at least one quarter. “We now have aess to very highly specialized, granular data that is structured, so we’re bining the availability of new data models with devices like mobile phones, tablets and desks to provide an extremely easy-to-use interface that goes deeply into the data and offers people a productive way to nsume that information,” Strausberg says.
The platform provides individual financial items and ratios in a searchable, alphabetical list—rather than bundled with the financial report it came from—allowing users to more easily find what they are looking for without needing to know, for example, whether assets are listed on the ine statement or balance sheet.
Users can also share the reports they generate—via email, LinkedIn, Twitter and other file-sharing s—and the vendor is adding the ability to export data from reports to PDFs and spreadsheets.
Individuals can register to test the pilot version of 9W Search for free as the vendor gathers feedback and usage statistics, which it will use to decide what additional data points and features to include, as well as what ntent will ntinue to be available for free, and what ntent it will make available as part of a premium version of the platform, Strausberg says. |