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SOURCE Rivet Software
Partnership Targets SAP Space and Highlights the Release of Rivet's Multiple Data Connectors
DENVER, May 7, 2014 /PRNewswire/ -- Rivet Software, an industry leader in financial reporting, announced a strategic partnership with InfoMagnus, a provider of Business Intelligence and financial analytical solutions for the SAP market place. The partnership not only benefits this space with a true end-to-end solution, but it also strengthens the accuracy in external reporting for our SEC Compliance users. Accountants of public and private companies can now link directly from their own ERP, CPM or GL systems to Rivet's financial reporting product, Crossfire, thereby eliminating the archaic process of data entry. Along with this announcement, Rivet also highlighted the release of additional data connectors such as Oracle Financials, Dynamics AX, Dynamics GP, NetSuite and Hyperion Enterprise.
"Rivet and InfoMagnus have teamed up with the objective to deliver cost-effective, innovative and high-quality Business Intelligence solutions and services for the SAP market," stated Rivet Chief Executive Officer, Madelaine Rohan. "This partnership is also proof that the benefits of our product go beyond the SEC mandate. However, our strategy to expand into private reporting also benefits our core market by improving external reporting for public and private companies. Reaching this milestone has been part of our strategic plan from day one and an important piece of my husband Mike Rohan's original vision."
Rivet's internal reporting roots are a direct link to FRx Software, the first company Rivet founder, Mike Rohan started and eventually sold to Microsoft in 2000. Kaveh Mahjoob, Co-Founder of InfoMagnus, worked directly with Mike Rohan at FRx, and re-engaged with Madelaine Rohan when she announced Rivet's strategy to expand beyond the Microsoft Office-based Document, Disclosure and SEC Compliance Management space through strategic partnerships. Public and private companies can now streamline their financial reporting processes based on the accounting structure of the data instead of the typical cumbersome and complex IT view of the financial data.
"I know firsthand what a software solution envisioned by Mike Rohan is capable of delivering to the financial world. Mike Rohan's vision for his products has always included the accountant's business logic behind them because he was not only a technologist but also a CPA. He was an icon in the financial reporting industry and it's exciting to see his vision carried out. The goal is to provide our clients with innovative reporting tools that make their lives easier. InfoMagnus' SAP Business Intelligence Solution and Rivet's Crossfire do that. As veterans in the financial software industry, we work with companies that look to us to provide best-in-class reporting solutions. This partnership delivers just that to the SAP customer base," stated Kaveh Mahjoob, Co-Founder of InfoMagnus.
About Rivet Software
Rivet Software provides financial reporting systems that improve the way companies create and consume financial information. Founded in 2003 by software and accounting industry veterans, Rivet's mission remains to revolutionize global financial communications by enabling financial transparency and leveraging global standards. Headquartered in Denver, Co., the firm employs the most experienced XBRL and financial reporting staff in the industry. Rivet was honored in 2011 and 2012 as an Inc. 500 company. www.rivetsoftware.com
InfoMagnus helps customers realize their goals through our technology solutions and services. InfoMagnus combines industry, business and technical expertise to provide high quality solutions exceeding the goals of our customers. InfoMagnus' focus is on business intelligence, custom software development and collaboration product and services. Additional information can be found at www.infomagnus.com
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