IRIS Carbon® offers a powerful FERC reporting software solution tailored for electric, gas, and oil utilities. Our platform simplifies FERC XBRL reporting by automating tagging, validation, and submission processes, ensuring full compliance with FERC’s digital mandate.
Introducing IRIS CARBON®
Your FERC Reporting Champion
For energy companies, navigating the complexities of FERC reporting can be a constant battle. Complex and manual data entry, error-prone spreadsheets, and looming deadlines take a toll on your resources and efficiency.
IRIS CARBON is more than just a reporting platform – it's your trusted partner in conquering FERC reporting. We offer a comprehensive solution that streamlines every step of the process, from data collection to report generation.
IRIS CARBON is more than just a reporting platform – it's your trusted partner in conquering FERC reporting. We offer a comprehensive solution that streamlines every step of the process, from data collection to report generation.
Here's how IRIS CARBON® Empowers you
Effortless Automation
Automate tedious tasks like data entry, calculations and even quarterly roll forwards, freeing up your team to focus on strategic initiatives.
Enhanced Accuracy
Eliminate human error and ensure data integrity with automated validations and built-in compliance checks.
Streamlined Workflows
Experience a user-friendly interface that simplifies the reporting process and minimizes training time.
Drastic Cost Savings
Reduce overall reporting expenses by up to 65% compared to traditional methods.
Unparalleled Support
Gain access to our dedicated team of FERC reporting experts for ongoing support and guidance.
The IRIS CARBON® Advantage
End-to-End Automation
We automate the entire FERC XBRL reporting process, unlike other platforms that require manual intervention.
Seamless Roll Forwards
Say goodbye to manual roll forwards each quarter. IRIS CARBON handles historical data migration automatically.
Superior User Experience
Our intuitive platform is designed for users of all technical backgrounds, minimizing training needs.
Your FERC Concierge
Get expert assistance every step of the way, with no hidden fees.
Download IRIS CARBON® for FERC Reporting Brochure
Don't wait – take control of your FERC reporting and achieve compliance with greater efficiency and peace of mind.
Ready to Experience the IRIS CARBON® Difference?
Schedule a free consultation today and discover how our platform can transform your FERC reporting process from a burden to a breeze!
[zohoForms src=https://forms.zohopublic.com/IRISBusiness/form/FERCproductpageQuickcontactform/formperma/kKMPAAJfzpWVV1rZ2egRor99bRHjalvbgHeFPqEDuJc width=100% height=510px/]‘
FAQ : IRIS CARBON® FERC Reporting Software
What is FERC reporting?
FERC reporting refers to the submission of financial and operational data by energy companies to the Federal Energy Regulatory Commission. It ensures transparency and regulatory compliance in the U.S. energy sector.
What is the FERC XBRL mandate?
In 2019, FERC mandated the use of XBRL (eXtensible Business Reporting Language) for filing quarterly and annual reports. This shift from Visual FoxPro to XBRL improves data accuracy, accessibility, and analysis.
Who needs to comply with FERC reporting requirements?
Electric utilities, natural gas companies, oil pipeline companies, and centralized service companies must file specific forms (e.g., Form 1, 2, 3-Q, 6, 60, 714) in XBRL format as per FERC guidelines.
What is XBRL and why is it used in FERC reporting?
XBRL is a standardized format for tagging financial data, making it machine-readable and easier to analyze. FERC uses XBRL to streamline regulatory filings and improve data quality.
Which FERC forms must be filed in XBRL format?
Forms 1, 1-F, 2, 2-A, 3-Q (electric and gas), 6, 60, and 714 are required to be filed in XBRL format using the latest taxonomy version.
What is FERC reporting software?
FERC reporting software helps energy companies prepare, tag, validate, and file reports in XBRL format. It automates workflows, ensures compliance, and reduces manual errors.
How does IRIS Carbon support FERC compliance?
IRIS Carbon offers a robust platform for FERC XBRL reporting, including:
- Pre-built templates for FERC forms
- Automated tagging using the latest taxonomy
- Validation tools to ensure accuracy
- Audit trails and version control”
What are the benefits of using FERC XBRL software?
- Faster report preparation
- Reduced compliance risk
- Improved data accuracy
- Easier collaboration across teams
What is energy reporting?
Energy reporting involves tracking and disclosing data related to energy production, consumption, and efficiency. It helps utilities and regulators monitor performance and ensure sustainability.
What is energy compliance software?
Energy compliance software helps energy companies meet regulatory requirements by automating reporting, validating data, and ensuring timely submissions to authorities like FERC.
Our Customers Love Us
“Very Good Reporting Software At A Great Price”
“We are very pleased with our experience with IRIS Carbon, which we utilize for our FERC reporting needs. We migrated from Workiva in 2022 due to price and were willing to try a lower-cost software product that we felt could adequately meet our needs. We have really liked the functionality and simplicity of IRIS’s FERC reporting software. It is intuitive and build specifically for FERC reporting and very easy to manage/administer. The IRIS customer service team has been great to work with on a variety of areas and are very receptive to feedback. Our financial reporting team has provided multiple rounds of feedback for enhancing the IRIS software and the IRIS team consistently makes the changes based on our suggestions. This type of software relationship is exactly what I was hoping for when we switched from Workiva. We now have really good software product at a much lower cost and a great partnership with the IRIS team that is willing to continuously improve their product to meet our needs.”
Adam Spellman
Senior Manager, Financial Reporting
Black Hills Energy
FERC Customer Stories
Our drive to provide unlimited support and deliver the highest quality has earned us the trust of global organizations across industries. Here are some of the examples of such successful collaborations.
Want to See FERC Reports Prepared?
See IRIS CARBON® in Action.
Our Stellar Success
IRIS CARBON® is a leading disclosure management platform that streamlines and automates regulatory reporting across diverse domains. Our solutions encompass ESG Reporting, SEC Filings, ESEF Reporting, XBRL/iXBRL Reporting, and a range of other financial and non-financial disclosures. By leveraging our platform, organizations can enhance transparency, boost data accuracy, and ensure compliance efficiently. Discover our comprehensive Disclosure Management Solutions and learn how IRIS CARBON® can transform your reporting process.
