Business Challenges
Business Challenges
After the Federal Energy Regulatory Commission (FERC) instituted XBRL reporting requirements, which became effective post the 3Q of 2021, Black Hills initially partnered with their long-standing SEC compliance provider to fulfill their FERC reporting responsibilities for the period spanning from Q3 2021 to Q2 2022.
However, they promptly faced significant challenges with their vendor.
Some of the Challenges faced by the Black Hills Team were
Achieving Black Hills Reporting Goals with IRIS CARBON®
Achieving Black Hills Reporting Goals with IRIS CARBON®
The IRIS CARBON® team conducted the seamless software transition for Black Hills Corp. at distinct levels
Effortless Onboarding – With just two hours of training, the Black Hills team seamlessly embraced the IRIS CARBON® Platform for their FERC XBRL compliance, with the help of dedicated experts who ensured a smooth transition, instilling confidence and seamlessly integrating the tool into the organization
Support – IRIS CARBON® provides 24/7 complimentary support, leveraging their two-decade expertise in the XBRL domain. This assistance simplified Black Hills’ adaptation to new software and FERC XBRL reporting requirements.
Efficient Filing Process – The IRIS CARBON® team provided valuable assistance to Black Hills’ FERC reporting team during the initial filing process by conducting calls that eliminated the need to navigate multiple websites for submissions and downloads. With just one click, you could submit your test filing, and then officially submit it to FERC using the IRIS CARBON® platform.
“We are so grateful for the opportunity to partner with IRIS in our FERC reporting needs. I couldn’t ask for a better vendor-customer relationship from a software provider.”
The software is intuitive and efficient, and we have received positive feedback from several members of our user group.”
Adam Spellman
The IRIS CARBON® Way
The IRIS CARBON® Way
IRIS CARBON® is a leading FERC XBRL compliance software, attributing its distinction to its unique features. In contrast to traditional software alternatives, our offering includes:
- Over two decades of XBRL industry expertise set us apart.
- Efficient validation with clear, user-friendly messages.
- A user-friendly platform featuring personalized training.
- Round-the-clock support from the dedicated IRIS Team.
- A commitment to integrating customer suggestions via feasibility analysis.
- Rapid product enhancements fueled by customer feedback.
- A highly cost-effective solution.
- A swift transition in just two hours.
- Furthermore, we provide an analytical tool, acknowledging that data is the new oil, and we are the refining experts.
“The IRIS team has been great to work with throughout the entire process and their level of service is outstanding. They are attentive to our suggestions and consistently improve the software functionality to meet our needs.”
Adam Spellman
Results Achieved
Results Achieved
The financial regulatory team at Black Hills was extremely satisfied with their overall FERC XBRL filing experience using IRIS CARBON®. Team Black Hills was deeply impressed with the inbuilt user-friendliness of the platform.
The easy data-upload capability, auto tag, and timely support from our customer success team were the highlights of this project that the Black Hills team appreciated.
“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.” Read More…
Adam Spellman
Senior Manager, Financial Reporting
Black Hills Energy
