New offering is an upgrade to the Disclosure Management System, representing a significant step in the transition to its cloud-based platform business and recurring revenue model; Expected to result in significant client growth and margin expansion
MORRISVILLE, NC / ACCESSWIRE / October 14, 2015 / Issuer Direct Corporation (NYSE MKT: ISDR), a market leader and innovator of disclosure management solutions and cloud-based compliance technologies, today announced a significant enhancement to its Disclosure Management System. The upgrade, named Blueprint, represents a complete, cloud-based platform for creating, editing and filing all SEC form types directly with the SEC in a matter of minutes.
Corporate professionals can now harness the power of what Blueprint offers directly from their personal cloud-based Disclosure Management System within Issuer Direct.
In addition, publicly traded customers, the legal community and mutual funds will benefit from:
- 100% cloud-based SEC EDGAR Filing Solution
- Reduced document prep time and version comparing by hours
- Accurate creation of HTML and XBRL in one platform
- Create/convert, edit, collaborate, manage and review SEC documents
- Built in SEC LIVE Scheduler "set the date and time and Blueprint will do the rest"
- Backed up by a team of 24/7 professionals to support you filing needs.
- Exceptional security, utilizing the latest secure SSAE 16 protocol
- No dependency on operating systems, Blueprint works on both Mac and PC
- The solution was designed for future specifications such as inline XBRL
- User control for any Edgar form type in view, edit and approve modes
"The Blueprint scheduler is a significant competitive advantage for the Company," said Brian Balbirnie, Chief Executive Officer of Issuer Direct. "Blueprint has been built by leading experts from the ground up and is not dependent on any third party solutions. We have worked to develop a secure, cloud-based solution designed with future changes in mind, reducing the processing time for our clients from hours to minutes. Since inception we have been entirely focused on delivering best of breed services to the corporate issuer marketplace. Blueprint changes this, not only in a strategic way from a service bureau to a cloud-based platform, but also by significantly expanding our addressable market."
The typical Edgar filing process requires live personnel to be standing-by to complete routine compliance checks, test filings and then LIVE filings with the EDGAR system. The Blueprint verification process automatically pre-validates and schedules filings without having to be standing by to hit the LIVE file button.
The Company estimates that Blueprint is built to meet the current and future needs of over 9,000 active reporting companies and funds, as well as law firms and value-added resellers. Further, the Company expects the majority of its new product revenues from Blueprint will come from new issuers and funds and not current clients under existing agreements. However, the goal is to transition the business fully over a defined period, giving all users full control when they need it, and assistance when it matters most.
Mr. Balbirnie added, "We believe that the corporate issuer community is ready to manage the document from draft to filing. More specifically, we believe that other solutions in the market are either too cumbersome for smaller filings and or are just too expensive. Our subscription user model will not only prove to deliver a clearer ROI, it will also give issuers the speed to create edit and file within minutes, not hours. As we move our business towards a software-based Platform engagement, we are not only anticipating increased margins from our disclosure business, but management also expects to see significant client growth as the product gains traction."
This upgrade also grows the Company's addressable market, expanding the type and number of potential customers. Many organizations have more than one person that is charged with the regulatory filing process. Because of its Cloud-based environment, Blueprints subscription model is built to scale an infinite amount of users, beginning as low as $3,000 per year.
Take Blueprint for a test drive today - schedule your demo now (https://www.issuerdirect.com/edgar-software/).
About Issuer Direct Corporation
Issuer Direct is a disclosure management and targeted communications company. Our integrated platform provides tools, technologies and services that enable our clients to disclose and disseminate information through our network. With a focus on corporate issuers, the Company alleviates the complexity of maintaining compliance with its integrated portfolio of products and services that enhance companies' ability to efficiently produce and distribute their financial and business communications both online and in print.
Learn more about Issuer Direct today: Investor Tear Sheet
Contact:
For Further Information:
Brian R. Balbirnie
Issuer Direct Corporation
919-481-4000
brian.balbirnie@issuerdirect.com
Brett Maas
Hayden IR
(646) 536-7331
brett@haydenir.com
James Carbonara
Hayden IR
(646)-755-7412
james@haydenir.com
SOURCE: Issuer Direct Corporation