Introducing Fyler: The Future of SEC Filing Software
Legacy filing software and manual processes are costing public companies millions in unnecessary fees while creating compliance risks. Learn how AI automation is transforming the SEC filing landscape.
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SEC Filing Platform Landscape
The securities filing landscape is stuck between two inadequate options: legacy financial printers running on outdated processes, or basic cloud platforms not built for the complexities of disclosure management. It's like trying to perform surgery with either ancient tools or kitchen knives - neither option is fit for purpose.
The Hidden Cost of Manual Processes
Today's securities teams waste countless hours fighting with clunky tools and coordinating with multiple vendors. What should be straightforward 8-K filings turn into days of back-and-forth over formatting and XBRL tagging. Teams spend more time managing document versions and fixing broken formatting than focusing on the substance of their disclosures.
The XBRL Burden
Perhaps nothing exemplifies this inefficiency better than XBRL tagging. Companies dedicate entire teams to manually applying and validating tags - a process that can consume 40-60 hours per quarterly filing. Despite this massive time investment, manual tagging remains prone to inconsistencies and errors that can trigger SEC comments.
Beyond Basic Cloud Tools
Current cloud-based platforms are essentially Google Docs with a filing button slapped on top. Make a simple formatting change? Watch the entire document cascade into chaos. Update a number in a table? Prepare to spend the next hour reformatting. These platforms fundamentally misunderstand the complexity of securities work.
The Promise of AI Automation
Modern technology can transform this broken process. Fyler's AI-powered platform automates the entire filing workflow, from document conversion to XBRL tagging. Complex 8-K filings that previously required days of back-and-forth can now be completed in-house in minutes, with greater accuracy and control.
A Single Platform Solution
Securities teams deserve tools built for their needs. Fyler provides:
- End-to-end automation vs single features
- Direct EDGAR integration and filing
- Smart templates for routine disclosures
- Version control designed for legal review
- Real-time validation against SEC requirements
The future of securities filing lies in automation, security, and control. The technology exists to eliminate manual overhead and let teams focus on what matters: ensuring accurate, timely disclosure to the market. The only question is how long companies will continue paying premium prices for outdated services that increase both their administrative burden and their risk exposure.
Check out fyler.us for more!