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Comment by anon9001 | Hacker News Reader

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anon9001·

If anyone here has ever prepared earnings reports, how is that process usually handled?

I'm guessing it's just a spreadsheet on some finance person's computer until it's certified for release?

Are there best practices for making sure data doesn't leak ahead of the official earnings report?

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Take a look at Intralinks and Diligent. They are basically Dropbox + embedded Office 365 but with ultra tight security controls. No SSO, no IT/security access, no local storage. Generally only your head of finance, a few people from legal, and board members will have accounts.

I know of a major investment firm that has a separate GSuite instance that execs from their investments are given accounts on for sharing data.

Yeah, The market is called 'board portals' and it's a comparatively niche product offering. There's a couple of other companies beyond Diligent and Interlinks that offer the service. Board Intelligence is probably the best one imho.

So you're saying to figure out what stocks employees at Board Portals are trading and jump on board.

I visited Dell in the mid-90s. Their offices were giant rooms full of cubicles housing sales people. Finance was in a similar room. Every quarter as they started the process of rolling up the financial results these huge firedoors would roll down separating finance from the rest of the company. Probably just a show of secrecy but it was dramatic.

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