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IRIS XBRL CONSULTING SERVICES

Do you collect large volumes of data from several entities in varied formats?

 

Would you like to move from a paper-based filing system to a digital reporting framework?

 

Would you like a system that allows you to spend time on analysis rather than collection and validation of data?

 

If the answer to any of these questions is yes, then you need XBRL. Power your organization with the world’s leading information standard for business and financial reporting.

XBRL, a global standard for information reporting is today used by central banks, business registries, stock exchanges and governments all over the world to help them collect, store, analyze and derive business insights from their data.

 

IRIS’ XBRL Consulting Practice provides the right combination of subject matter expertise, rich global experience and a strong implementation track record. Our work in this area encompasses helping regulators define their digital reporting strategy, designing XBRL taxonomies suited to their regulatory framework and conducting XBRL training.

 

Digital reporting strategy

FEATURES OF IRIS’ XBRL CONSULTING SERVICES

  • END-TO-END OFFERING

    One stop-shop for all XBRL requirements from consultancy, taxonomy creation and maintenance to solution implementation and training.

  • ESTABLISHED PROCESSES

    Tried-and-tested methodologies that have been successfully implemented and are also adaptable to client requirements.

  • GLOBAL EXPERIENCE

    Team of consultants that has developed taxonomies and implemented solutions for regulators, government agencies and corporates in over 15 countries across the globe.

  • TAXONOMY EXPERTISE

    Vast experience in designing, developing and testing taxonomies combined with hands-on understanding of major global accounting principles such as US GAAP, UK GAAP, IFRS etc.

  • CROSS-FUNCTIONAL KNOWLEDGE

    Inter-disciplinary pool of consultants that understand not only the domain but also the underlying technology that powers it.

  • PRESENCE IN XII GROUPS

    Active involvement in several working groups of XBRL International, responsible for developing standards and providing guidance.

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OUR CUSTOMERS

TESTIMONIALS

  • We worked with IRIS for 2 years and have had an excellent experience. All our queries and suggestions were well accepted. Keep it going.

    Shreya Arora, Polar Industries Limited

  • iFile Lite is a good interface and user friendly.

    Vinay Patni, Reliance Infrastructure Limited
CASE STUDIES
  • DBD, Thailand Simplifies Regulatory Reporting using XBRL

    In January 2015 the Department of Business Development (DBD) under the Ministry of Commerce (MoC), Thailand introduced XBRL for voluntary electronic submission (e-filing) of financial statements of legal entities /businesses for the FY2015 reporting period and onwards. This was done to facilitate rapid and accurate disclosures, vital for transparency, efficiency and accountability.

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