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Data Impact, EDGAR Online Offer New Tool for Electronic Document Delivery and Retirement Plan Management

Fri, 09 Feb 2007, 16:00:00 EDT

Edited by Christopher Simmons

NORWALK, Conn. - Feb. 9 (SEND2PRESS NEWSWIRE) -- Data Impact (www.dataimpact.com) today announced the availability of ConsentOne, a new, Web-based management and document delivery service powered by EDGAR Online's real-time prospectus tool.

"ConsentOne helps fund companies and their participants better manage retirement plan assets," said Curtis Thompson, Data Impacts Vice President for Financial Services Solutions. "It allows pension plan participants to get more timely information when they need it; perform research on potential new investment vehicles; and arrange proactive notification of updated investment information, facilitating better risk management. On the fund side, ConsentOne enables fund companies to transform compliance expenditures into marketing and investor education benefits."

"The ConsentOne package provides full and effortless compliance with all disclosure regulations," Thompson added, "including all required consent acquisition, management, and tracking functions."

ConsentOne allows pension plan participants and fund companies to communicate in real time. Plan participants can access accounts online, review digital versions of financial prospectuses, and gather other financial information through a Web interface. Fund disclosures are immediately available upon submission to the SEC, using EDGAR Online's proprietary technology.

"Both the industry and retail customers are increasingly expressing a preference for non-print communications," said Thompson. "ConsentOne provides an electronic delivery system that saves fund companies substantial cost, while delivering information more quickly and comprehensively to end users."

"Investors are looking for smarter, more precise and faster means to review and manage risk related to their retirement holdings," said Susan Strausberg, President and CEO of EDGAR Online. "ConsentOne allows a retail investor to pull external financial data into a single, integrated, Web-based platform in order to better analyze that information and use it for investment decision making."

Data Impact is providing the consent management portion of the ConsentOne partnership, while EDGAR Online will provide electronic versions of the financial documents.

Data Impact is an international electronic document processing and online document presentation company whose services include paper-to-digital document conversion, electronic content management, document retrieval, secure hosting, and online invoice presentation and payment. The company is headquartered in Indianapolis, IN. More information: www.dataimpact.com.

EDGAR(R) Online, Inc. (NASDAQ: EDGR), www.edgar-online.com, is a leading provider of value-added business and financial information on global companies to financial, corporate and advisory professionals. The company makes its information and a variety of analysis tools available via online subscriptions and licensing agreements to a large user base.

EDGAR(R) is a federally registered trademark of the U.S. Securities and Exchange Commission (SEC). EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission.

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