R.R. Donnelley and Microsoft have partnered to help mutual fund companies submit financial data in extensible business reporting language. R.R. Donnelley has been involved in the XBRL project since its inception and filed the first-ever mutual fund filing in May 2006, for Allegiant Funds.
Under the arrangement with Microsoft, R.R. Donnelley will provide a full-service XBRL solution to any mutual fund company interested in the pilot program, electronically tagging fund companies’ financial statements using a mapping engine from Microsoft.
“We are delighted to offer this innovating solution to our mutual fund clients,” said Eric Johnson, senior vice president, R.R. Donnelley Global Investment Markets. “We believe a full-service approach to new technologies like XBRL will ease the transition for our clients. Working with a technology leader like Microsoft gives us the ability to state at the forefront of the latest changes in financial reporting.”