Press Release: Additional Patent Issued for the ProofPlus® fully automated system for Financial & Compliance-Critical Documents
NEW YORK, October 20, 2017 /PRNewswire-iReach/ -- Publishing Data Management announces that the Chinese Government has approved an additional patent for the software engine that drives the ProofPlus® electronic document system used for compliance-critical financial, pharmaceutical, and insurance filings.
Additional new capabilities include change ‘stickers’ that can selectively amend previously filed and frozen document editions; support of the upcoming SEC modernization initiative including inline XBRL; and increasing automated document review and validity algorithms.
PDM’s existing patents have also been awarded in Israel, Russia, Canada, New Zealand, Singapore, South Africa, the United States and additional countries. This announcement underscores the company's continuing commitment to provide a global solution for its customers.
The patented design facilitates comprehensive automation of features not possible in any other solution. ProofPlus® puts the entire process under the total control of its users eliminating outsourcing to third parties. The system integrates all aspects of creating, translating, localizing, revising, reviewing, typesetting, and approving compliance documents for each country's authorities. ProofPlus® also features project and content management, automation of typeset PDF, Word and HTML documents, as well as completely automated and real time inline XBRL and SEC EDGAR filings.
For international environments, ProofPlus® is available with a multi-lingual User Interface and documents themselves are displayed and output in any language required (including those with non-Roman character sets) to support the documents' given localizations, independent of the user's chosen UI view. Thus, a user can use the system in their native language even while working on documents that originate in different languages.
The system operates using a reusable 'single-source' library of all the thousands of granular content components that are used in large compliance-critical documents, each with permission controls and an audit trail of all changes, including confirmation that version changes in one language are synchronized in all other language versions. Every element, such as a paragraph, head, table cell, or chart, is stored once and only once, as a separate entry in the library, and may be used in multiple documents, and even in multiple uses in one document. A revision to any content component in the XML library, which a user might make while working on a current document, automatically ripples through and immediately updates all of the documents that use that component. When a component is revised in one language, an automated request is sent to initiate an updated translation into one or more required alternate languages.
President Addison Roverano adds, "ProofPlus® earned this Chinese Government approval because of its inventive approach to solving companies' mission-critical needs and reducing risk. The underlying design allows the system to recognize components as sets of siblings in multiple languages that can be versioned, tracked and audited as a group. It's also an extension of the system's integration of project management, automatic composition, workflow tools, a robust permissions set, and a formal approval process with accountability at every level."
ProofPlus® provides a valuable self-service Customer Communications tool that can drive both web and print output channels simultaneously through a secure private cloud architecture.
Publishing Data Management Inc., headquartered by Wall Street in New York City, is a private company that has been supplying document services and software tools to the financial and similar industries for almost 50 years.
Contact Publishing Data Management at +1 (212) 673-3210 or email@example.com to learn how you can use these patented tools to eliminate frustrating manual processes in your firm's regulatory and compliance documents, or visit PDM's website at www.proofplus.com
Media Contact: Karen Montgomery, Publishing Data Management Inc., 212-673-3210, KMontgomery@pubdata.com
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