END TO END DATA FILING PLATFORM FOR REGULATORS
With IRIS’ iFILE™ framework one can create a complete XBRL based reporting platform. It offers a modular and flexible component design architecture. The framework can be easily deployed by any reporting authority for its jurisdiction or even internally within enterprises. Using the web and client components, enterprises and other reporting entities can create a reporting platform that connects with the regulator they need to file with.
IRIS iFILE™ supports both XBRL and non XBRL data. It can be integrated with other information systems at the stage of creation of XBRL data or when the XBRL data is being disseminated or analyzed. IRIS iFILE™ is already being used across various regulatory environments including capital markets, banking and e-governance.
IRIS iFILE FEATURES
An easy-to-use and customizable spreadsheet based application to prepare information for conversion to XBRL. Create your own templates based on a taxonomy or even extend the taxonomy to report unique reporting requirements.
Data being filed is checked against XBRL validations and customized validations based on client specific requirements. Validation module is present both on the client side (before the XBRL document is created) and on the server side (once XBRL instance document is received by the regulator).
CREATION AND SUBMISSION
The XBRL Processing Engine within the iFILE™ client creates XBRL or iXBRL instance documents and enables their submissions along with taxonomy documents to the iFILE™ server components on the regulator end.
STORAGE AND INTEGRATION
Our proprietary storage structure enables rule-based document storage defined by regulatory requirements. Possible to store in a file server and (or) the data from the instance documents are extracted and stored in an RDBMS. IRIS iFILE™ can also be integrated with existing data management systems within the client's IT infrastructure.
DASHBOARD, REPORTING AND ANALYTICS
A compliance dashboard provides a regulator ultimate view and control over all transactions. The report module can generate standard reports to help flag off non-compliance or inconsistent data. The report module also has the ability to generate ad-hoc reports enabling robust analytics.
iFILE™ has a built-in approval/rejection mechanism and a distribution engine which enables instant dissemination of information in various document formats and through multiple transfer modes (sftp, http, https etc.,). A web based rendering application and a Microsoft® Excel® add-in provides a complete experience for consuming data.