COMPLIANCE & ANALYTICS SOLUTIONS FOR BUSINESS REGISTRIES
With XBRL, business registers can step up to a next generation of regulatory reporting which is also more friendly for reporting companies. IRIS’ offers end to end solutions to help a business register at any point in its XBRL journey - from an initial voluntary XBRL filing to a more matured straight-through XBRL data reporting from within company systems.
BENEFITS TO THE BUSINESS REGISTER
IRIS offers a ready framework that allows any organisation to create an XBRL reporting platform either from scratch or modifying an existing one. The framework is robust - it can work in different countries and jurisdictions.
STANDARD DATA DEFINITION
We work with your country’s GAAP or IFRS to develop and implement an accounting taxonomy based on XBRL standards.
Our ready framework allows business registers to offer XBRL filing applications that makes data gathering, report creation and filing intuitive and less burdensome for filing entities.
AUTOMATED SUPPLY CHAIN
The data obtained in XBRL can be automatically populated into the business register’s internal systems without re-keying or reformatting. Massive savings in time and costs.
Our solutions allow business registers to consume and analyze filings much more quickly, efficiently and reliably without having to manually organise the reported data.
MORE TIME FOR COMPLIANCE
With XBRL the process of determining discrepancies in filings gets increasingly automated and less reliant on manual checks.
STRAIGHT-THROUGH REPORTED DATA
We offer straight-through solutions that ensure data gets reported as-is from the source systems within companies without getting modified in transit.