WHAT IS XBRL

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IRIS iFILE

IRIS iFILE is an end to end electronic filing framework. Comprising several modular components, iFILE allows easy management of all the stages of the disclosure management lifecycle. The framework can be customized for any reporting environment and uses the XBRL information standard as the core format for data collection and validation.
IRIS iFILE is divided into filer and regulator modules. The filer modules allow filers to create XBRL instance documents for filing a disclosure with the regulator. The regulator modules consist of several applications that allow the regulator to accept, validate and store instance documents.

KEY FEATURES

iFILE Client is an easy-to-use spreadsheet based application which helps prepare information in templates based on XBRL taxonomy.

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01
VALIDATE
IRIS iFILE validates data being filed against both XBRL/iXBRL validation rules as well as regulator defined custom validations.
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02
CREATE & SUBMIT
IRIS iFILE enables submission of XBRL/iXBRL instance documents and/or taxonomy documents to the regulators for further processing.
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03
STORE & INTEGRATE
XBRL instance documents are stored, based on regulator’s requirement in a file server and/or the data from the instance documents are extracted and stored in a relational database.
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04
ANALYZE
IRIS iFILE’s compliance dashboard allows the regulator to easily view the status and details of various reports.
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05
DISSEMINATE
IRIS iFILE has approval/rejection mechanisms and a distribution engine which enables instant dissemination of information in various document formats.
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06
MANAGE FILINGS & ENTITIES
Regulators may use administrative modules to manage the rights and roles of users of the system including company and regulatory users.

IRIS iFILE MODULE DIAGRAM AND FLOW

IFILE CUSTOMERS

IFILE CUSTOMERS

IRIS IFILE CLIENTELE

IRIS iFILE is already being used across various regulatory environments like Capital Markets, Banking, e-Governance, Stock Exchanges, Securities Regulators and Central Banks. Clients include the Accounting and Corporate Regulatory Authority – Singapore, Companies and Intellectual Property Commission – South Africa, Suruhanjaya Syarikat Malaysia (SSM) – Malaysia,
Reserve Bank Of India, Bank of Mauritius, Ministry Of Commerce And Investment (Saudi Arabia) and many others across the world.
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