Compliance & Analytics Solutions FOR
- Business Registry
- Central Bank
- Government / Regulator
- Stock Exchange / Security Commission
SIMPLIFIED REPORTING EMPOWERED ENTERPRISE
Powerful solutions for in-house and external reporting for the enterprise.
Though it is still in the testing phase, IRIS in India, is making the most spectacular XBRL-driven analytical platform I have seen. It is the most powerful piece of software I have ever seen for financial professionals
The iDEAL application is simple and intuitive to use for all business users. With automated reporting system set in place, our Bank is well positioned to adhere to the XBRL reporting mandate for future requirements
IRIS Business Services Ltd was appointed by Reserve Bank of India in 2009 to develop and implement the XBRL data submission system in phases. IRIS has delivered the project to the satisfaction of Reserve Bank of India and the efficiency of the team is commendable.
IRIS delivered the work in satisfaction to Reserve Bank of India and the efficiency of the team is commendable.
iFile Lite is a good interface and user friendly.
We worked with IRIS for 2 years and have had an excellent experience. All our queries and suggestions were well accepted. Keep it going.
The QFCRA, Qatar wanted to upgrade prudential filings to more accurate and automated submissions. With more than 38 banks and 25 insurance firms reporting their data at varied frequencies, the challenge was to maintain data integrity and conduct quick analysis leading to effective, risk-based supervision. Read how QFCRA upgraded its prudential filings using IRIS iFILE.
AfrAsia Bank becomes first Mauritian Bank to adopt Automated Data Flow approach for Data Collection and Regulatory Reporting. Read the detailed case study here to know how the Bank gained efficiency and transparency by using IRIS iDEAL.
Posted on:22 06 2016
Since the SEC's announcement on voluntary filing in iXBRL, more and more companies are looking to adopt iXBRL given its time and cost efficiencies. In response to any questions filers might have, we have come up with a list of 5 easy inline XBRL tagging rules to help you master your inline XBRL SEC filing.
Posted on:21 06 2016
The SEC’s move to accept voluntary iXBRL filings is a blessing for the filing community. It has long term benefits of reduction in report preparation time and costs and increase in data use for analysis. Here is a list of 10 facts you need to know about the SEC's announcement on inline XBRL filing.
More Blog Posts
Her Majesty's Revenue and Customs (HMRC), UK mandated Inline XBRL tagging or iXBRL tagging of CT Returns from April 2011. The data standard has seen significant improvements since then. Recently, the Financial Reporting Council (FRC), decided to switch from UK GAAP to IFRS, moving towards international reporting standards. The underlying iXBRL tagging requirements have also been revised. Here is a 4 point summary on the transition from the previous tagging requirements to the current iXBRL tagging requirements.
The Ministry of Corporate Affairs (MCA), India mandated annual filings by companies to be submitted electronically via XBRL in 2011. The first year of MCA XBRL filings had its own uncertainties since it was a new concept. The next two years witnessed an evolved filing community, increased scope of filing, introduction of new Schedule VI of Companies Act, 1956 and changes in the underlying XBRL taxonomy. The MCA has already taken up taxonomy development for the new sectors. This white paper studies the MCA's XBRL journey and what filers can expect in the near future.
IRIS In the News
Maharashtra became the first state in the country to leverage the power of nextgen technology, XBRL, for the maintenance of its crime records. In the first phase of the project, the technology has been deployed by Maharashtra CID to generate its annual “Crime in Maharashtra” publication on a timely basis. It is envisaged that with this move, Maharashtra can show the rest of India, how to move away from the world of older, paper based reports with more useful, more effective and more accurate digital versions of the same, making it easy for the analysis of such data.
Maha 1st State to go Hitech for Crime Record Upkeep 11 Jan 2016
India today started complying with FATCA where more than a dozen Indian entities including banks, insurance companies and mutual funds filed their returns with the Income Tax department using IRIS’s software.
IRIS Business Press Release on FATCA Reporting 11 Sep 2015
IRIS Business Services How should you handle duplicate facts in #iXBRL? Learn about this and more. https://t.co/dXr9AgsICa https://t.co/gyzqYnIlOi 29 Jun 2016
IRIS Business Services Why US companies should file in #iXBRL even though it is voluntary? https://t.co/kurURPn3IE #iXBRL https://t.co/E4NAHD6GjG 29 Jun 2016