NEW YORK, Dec. 17 /PRNewswire/ — COLCOMGROUP, a New York-based strategic business advisory firm, announced today it is expanding global service offerings in its business and financial reporting practice area to help clients better meet the demands from investors, analysts and key stakeholders for greater transparency and improved disclosure.

Interactive Data and XBRL Advisory Services

Building upon 10 years of institutional knowledge in the global XBRL (eXtensible Business Reporting Language) reporting standard in which COLCOMGROUP has advised the XBRL International consortium and many of its member organizations on marketing, media relations, thought leadership, strategic alliances and sponsorship fundraising, the firm is expanding its XBRL advisory services to:

  --  Assist technology and professional services firms to develop, launch
      and/or build awareness for their XBRL and interactive data related
      services and tools.
  --  Help clients attract new customers and develop new markets for their
      XBRL-related products.
  --  Guide organizations in sourcing and raising capital to fund XBRL
      services and tool development.
  --  Perform operational and financial due diligence on companies, funds
      and investment advisors.
  --  Counsel companies in forming strategic XBRL alliances with
      complementary organizations.
  --  Help companies define and report on "CG-ROI" (corporate governance
      return on investment) through an integrated set of services that
      leverage their efforts in XBRL and complementary non-financial
      reporting such as ESG to benefit investors, analysts and other
      stakeholders.

“With today’s announcement by the U.S. Securities and Exchange Commission to mandate XBRL, it is clear that transparency and disclosure are top priorities in building a new foundation of trust among investors, analysts and regulators as well as accelerating the markets towards economic recovery,” said T. David Colgren, CEO, COLCOMGROUP. “Over the last decade, COLCOMGROUP has developed a premier global network of XBRL stakeholders in the business and financial information supply chain, including technology vendors, accounting firms, professional and trade organizations, analysts, financial/business media, regulatory and government agencies, consulting firms and data aggregators. We are uniquely equipped to put all the pieces together for our clients to leverage their investment in their XBRL platforms in order to maximize their return on that investment.”

ESG – Environmental, Social and Governance Advisory Services

With the growing importance of key non-financial information in the decision making process for investors, COLCOMGROUP is assisting companies in the areas of environmental and sustainability reporting, social responsibility and governance matters. The firm’s ESG advisory services will help companies and organizations:

  --  Develop and package their ESG messages to stakeholders, including
      investors and analysts.
  --  Maximize their return on investment in ESG initiatives through a
      coordinated series of services.

In addition, COLCOMGROUP will guide organizations in sourcing and raising capital to fund alternative energy and environment-related initiatives; assist investors in identifying viable investment vehicles in the alternative energy and environmental sectors; and advise organizations in forming strategic partnerships.

“Investors today are looking for non-financial information and insight about companies that supplement financial reports to augment their three-dimensional view of the company’s short and longer term viability and performance,” said Brad J. Monterio, Managing Director, COLCOMGROUP. “Our ESG advisory services have been designed to provide this holistic and detailed level of understanding. Recent events in global financial markets highlight the reputation and investment risk of not disclosing pertinent information such as ESG related performance. COLCOMGROUP works closely with our clients to implement best practices and to ensure this story is told effectively.”

In related news, COLCOMGROUP announced that Dorothy Price Hill has joined the firm as Director, Global Business Development. Ms. Hill has more than 20 years of global financial services experience, including risk management, management consulting as well as alternative investments advisory and fundraising with leading global firms, including Goldman Sachs International and McKinsey & Co. Ms. Hill is a graduate of Dartmouth College and received her MBA from NYS Stern School of Business.

“Given the changed global financial services landscape, we believe there are numerous opportunities to add value to our current and future clients across the XBRL, ESG and FinTech sectors,” said Dorothy Hill, Director of Global Business Development, COLCOMGROUP. “We see significant growth in these niches as well as in other sectors, including the alternative investment community. Part of our mandate will be to link entrepreneurs with capital sources, help them come to market, and position them strategically as part of the new paradigm within the global knowledge economy.”

  Inquiries should be directed to Dorothy Hill at dhill@colcomgroup.com.

  About COLCOMGROUP

Formed in 1998, COLCOMGROUP is a strategic business advisory firm based in New York. The firm offers an integrated series of services including: Financial and Corporate Media Relations; Transaction Communications; Marketing and Brand Development; Strategic Partnering; Government Affairs; and Business Development. The firm specializes in the following sectors: interactive data/XBRL and financial reporting; ESG and sustainability reporting; financial technology; wealth management; information technology; accounting; and legal. For more information, please visit www.colcomgroup.com.

Source: COLCOMGROUP

CONTACT: T. David Colgren, +1-917-587-3708, dcolgren@colcomgroup.com; or
Brad J. Monterio, +1-646-256-5296, bmonterio@colcomgroup.com

Web Site: http://www.colcomgroup.com/