Tuesday, August 12, 2008
SEC Advice Ahead for Web-posting Results - E-Commerce - CFO.com
The SEC has been encouraging companies to take a better approach to disclosing financial information on their websites. it paved the way by making it possible for websites to be the sole vehicle of disclosure, recognizing the obsolesence of paper reports. Most public companies have been using the web for disclosure, but most have not made effective use of technology in doing so. Instead, they have used the sites as compendiums of the paper reports, thus effectively carrying forward the paper paradigm into this powerful new technology. While unfortunate, it is normal behaviour when a new technology is new. The old paradigm is carried forward until the users come to understand the possibilities of the new technology. Now that the websites have been recognized as the primary vehicle, companies should begin to realize the benefits of showing their financial stories in a more interactive and transparent way. SEC Advice Ahead for Web-posting Results - E-Commerce - CFO.com
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Such exciting times! We've blogged a bit about it on our end as well.
http://www.q4blog.com/
For us, it feels like a race to the inevitable. The personality of the internet is such that data is meant to be shared quickly and fluidly. We'll certainly build [more] products to participate strongly - just don't tell Business Wire ;)
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