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IRIS Business Services Ltd. is the only Indian firm to have end to end solutions in the XBRL space. IRIS has designed frameworks that can be and have been flexibly deployed across domains/ regulators, including RBI, BSE. IRIS iFile, is modular and scalable software based on XBRL framework which could be used for collection, validation, submission, review and dissemination of information filed by regulated entities. IRIS iFile has been deployed at the BSE and NSE, Reserve Bank of India as well as within Government, and is currently being deployed within a commercial bank for their credit risk management process.

IRIS Business Services is the only firm to have solutions for on-document tagging, so that the document itself have XBRL properties embedded in it .This unique methodology allows a faster user friendly interface to the users of the application, as compared with traditional XBRL / iXBRL document creation applications. This also leads to enhanced traceability of data thereby making the data more authentic and interactive.
IRIS Business Services Ltd. has created applications to automate conversion of reports in multiple languages with the help of inbuilt features in the XBRL Conversion Tool, so that more investors would be able to access financial reports as it eliminates the language barrier and thereby lead to powerful financial inclusion.
IRIS Business Services is the only Indian firm to have worked on defining an XBRL road map and on the first World Bank funded project on XBRL developed for the Republic of Macedonia. This project is expected to reduce the administrative burden on the companies, stimulate Foreign Direct Investment, comply with the international and pan-European associations and introduce enhanced risk based EU compliance framework.
IRIS Business Services has developed the XBRL based reporting system for the JSE thereby enabling the analyst community at JSE to access data of better quality and authenticity. The XBRL implementation at JSE was unique in the sense that use of IFRS 2010 Taxonomy, the inbuilt Formula link base and the multi approach to instance creation wherein there is an option whether the users are either provided with a fixed template in which a limited number of extensions are possible or the users can design their own taxonomy with unlimited extensions, all these were being implemented for the very first time.
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