IRIS Carbon, a SAAS offering used by enterprises to fulfil their compliance requirements, has
topped an independent evaluation in the USA for generating filings with 100 % accuracy. The
data can be accessed by following this link.
The cloud based offering from global Regtech player, Mumbai based IRIS Business Services Limited (BSE: IRIS) is used by listed US companies for creating their 10 Ks and 10 Qs for submission to the US Securities and Exchange Commission in the XBRL format. The software which is also used by enterprises in the UK, Ireland and Italy will soon be launched in South Africa.
"What is a source of huge satisfaction for us is that we have improved from having 2/3rds of the filings error free in March 2017 to 100 % error free filings for the latest quarter," says Product Manager R K Anuradha. "The challenge now is to keep it this way so that we are able to attract more clients to our offering," she added.