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ProofPlus Financial Compliance & Electronic Document Software Awarded 5 International Patents

Thursday, January 17, 2013

Press release from the issuing company

NEW YORK - Publishing Data Management announced today that five international patents have been granted for the software engine that drives ProofPlus, its trademarked Financial Compliance and Electronic Document system. Patents have been issued in Israel, Russia, New Zealand, Singapore and South Africa and are pending in China, Europe and additional countries. This announcement underscores the significant commitment a company must undertake to protect its inventive efforts in today's global marketplace.

The patented design facilitates comprehensive automation of features not possible in any other solution currently available in the marketplace, including translation. ProofPlus puts the entire process under the total control of its users rather than conventional third parties. The system integrates all aspects of creating, translating, localizing, revising, reviewing, composing, and approving compliance documents for each country's financial regulators. ProofPlus also features project and content management, automation of composed pages, creation of both EDGAR ASCII and HTML documents, and production of XBRL exhibits – all in multiple natural languages.

To enhance the system's usability and acceptance in an international environment, ProofPlus offers its UI (user interface) in multiple natural languages, including in non-Roman character sets. Each user in an international enterprise can navigate the system using a UI in his own native language. Documents themselves are displayed in the languages that support the documents' given localizations which are independent of the user's chosen UI display. Thus, an Italian user can navigate the system in Italian while working on documents that use the six official UN 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 whether versions in a particular language are synchronous with 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 appear in multiple locations. A revision to any content component in the library, which a user might make while working on a current document, automatically ripples through and updates all of the documents that use that component. If a component in another language has been revised more recently than its complement in the working language, an automated request is sent to order an updated translation. 

President Addison Roverano adds, "ProofPlus merited the international patent recognition because it takes an inventive approach to solving financial companies' mission-critical needs and risk reduction. The underlying design allows the system to recognize components as sets of siblings in multiple languages that can be versioned and tracked as a group. It's simply 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."

Publishing Data Management, a private company headquartered near Wall Street in New York City, has been supplying services and software tools to the financial industry for over 40 years.

 

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