Nomura Research Institute, Ltd. : NRI Launches Solution to Support FSA's Next Generation EDINET Reporting
January 17, 2014 at 08:26 am
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TOKYO - January 17, 2014 - Nomura Research Institute, Ltd., (NRI) a leading provider of consulting services and system solutions, launched its T-STAR/ReportAssist/EDINET (RA/EDINET) solution, delivered via SaaS, to support Japan's Financial Services Agency (FSA) Next Generation Electronic Disclosure for Investors' NETwork (EDINET) reporting for investment managers.
As the industry begins to prepare for the FSA Next Generation EDINET, there are specific requirements that have added to the regulatory burden for investment managers. Under the FSA Next Generation EDINET, firms are required to submit inline XBRL, which dictates specific text size and layout designs in order for reports to be displayed properly via web browser. Additionally, the FSA EDINET obligates firms to adopt XBRL for all securities filings rather than only financial reporting. As a result, the content will be easily accessible for users but the workload for the investment management community will increase in order to meet these mandates. NRI's RA/EDINET quickly converts reports from word documents into the XBRL compliant format and generates the necessary codes for reports. The solution, which encompasses the stringent requirements from the most recent January 2014 EDINET enhancements, can be seamlessly integrated with T-STAR/TX, a de facto standard in Japan. The solution increases reporting efficiencies and has been adopted by 16 investment management firms, including Nomura Asset Management Co.,Ltd.
"With the myriad regulatory and compliance issues arising in Japan, financial reporting has become increasingly complex and remains a crucial part of meeting the multiple mandates," said Katsuhiko Fujita, Senior Managing Director, NRI. "Firms leveraging RA/EDINET, will have the tools to create and submit accurate reports more efficiently. Our innovative solution is already being utilized by many of the leading investment management firms and through the new system, these organizations will not be hindered by the XBRL requirements and can focus their resources on other areas of the business rather than operations and reporting."
Additional functionalities include:
Data changes reflected automatically throughout the report
Date-specific items inserted automatically
Enhanced report production through workflow tools
Users can check all documents in advance of submitting to EDINET
The RA/EDINET offering is securely managed in NRI's robust datacenter, which encompasses both private communication lines and the newest technologies and redundant architecture for comprehensive business continuity planning (BCP).
Nomura Research Institute, Ltd. is a Japan-based company mainly engaged in the consulting services business. The Company operates in four segments. The Consulting segment is engaged in the provision of management consulting services, as well as information technology (IT) management services and other system consulting services. The Financial IT Solution segment is engaged in the provision of system consulting, development, operation services and other IT solutions to customers in securities, insurance and banking industries. The Industrial IT Solution segment is engaged in the provision of system consulting, development, operation services and other IT solutions to customers in distribution, manufacturing, service industries and public. The IT Infrastructure Service segment is engaged in the operation and management of data centers, the construction of IT infrastructure and networks, the provision of IT solutions and information security services, as well as the research business.
NOMURA RESEARCH INSTITUTE, LTD. 
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