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:26 07 2016
Verizon buys Yahoo at $4.83 bn finishing the era of the technological giant. In the last few years Yahoo inflated its balance sheet with goodwill valuations that burst in FY 2015. Read a detailed analysis here.
Posted on:25 07 2016
Though XBRL has in-built rules to validate data at source, there are some data inconsistencies that still pass the validation rules yet provide incorrect data. Read here to know how these can be tackled by having multiple rules and checks.
More Blog Posts
SEC announced on June 13, 2016 that it will allow companies to voluntarily file structured financial statement data in Inline XBRL. What Does this Announcement Mean for Filing Companies? Read our White Paper on Comprehending SEC's Inline XBRL Filing for filers.
HMRC, UK, which mandated Inline XBRL tagging or iXBRL tagging of CT Returns in April 2011 has decided to switch from UK GAAP to IFRS, moving towards international reporting standards. Here is a 4 point summary on the transition from the previous ixbrl tagging requirements to the current.
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 Extensions give flexibility but can also lead to non-comparability of compliance data: https://t.co/8qhSN8WuAB https://t.co/6T3cjNY4tX 28 Jul 2016
IRIS Business Services Does validated #XBRL data always mean accurate XBRL data? https://t.co/T7ppZWRZ3d https://t.co/gHjwWHrXiH 28 Jul 2016