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IRIS CARBON® and CMS Systems Take Over Cyprus with 50% ESEF Market Control

CMS
CMS Systems Solutions is a worldwide provider of professional services, focusing on the selection of Business and Accounting software. Globally recognized, CMS is a top developer of audit assurance and financial reporting tools, earning trust from a diverse clientele. Through a strategic partnership with IRIS CARBON®, CMS Systems Solutions expanded its presence in the iXBRL ESEF services market for listed companies in Cyprus. This partnership led to securing additional clients and reinforcing the market position.

CMS Business Requirements

CMS, as the leading provider of diverse professional services and software solutions in Cyprus, required an opportunity for business expansion and upselling their offerings to their customers while concurrently exploring avenues to acquire new customers.

Key requirements outlined by the CMS Team were:

  • Dynamic Market Response: Adapt to market changes with evolving requirements for ESEF Reporting & Compliance, ensuring reliability and brand recognition.
  • Quality Product Delivery: Consistently deliver high-quality products to maintain a positive reputation.
  • Reputation Management and Values Alignment: Maintain a positive reputation in Cyprus, align values with IRIS, and leverage their expertise in professional services and software solutions.
  • Collaborative Compliance: Encourage effective communication and teamwork with IRIS to meet regulatory requirements and efficient partnership benefits.

CMS and IRIS CARBON® Strategic Partnership Success

The IRIS CARBON® team engaged in a strategic partnership with CMS, navigating through distinct phases of development and expansion collaboratively.

  • Partner Sales Enablement: Deliver seamless training and support to the sales team, ensuring hassle-free acquisition of new business for ESEF reporting through the assistance of Partner Sales Enablement
  • Coordinated Webinars and Workshops: Collaborate on informative sessions with CMS, educating clients on compliance processes and industry trends.
  • Innovative Solutions Showcase: Collaborate on joint presentations and live demos to highlight innovative solutions and reinforce commitment to excellence.
  • End-to-End Company Engagement: Evaluate and address client needs comprehensively, fostering a lasting, mutually beneficial partnership.

“Partnering with IRIS CARBON® has significantly enhanced our ability to offer a complete and seamless experience to our clients.”

Stravros Antoniou
Manager (CMS Systems Solutions Ltd)

Outcomes

Partnering with IRIS CARBON® has lifted CMS to a top-tier provider, marking a big gain in market share and cementing their role in ESEF iXBRL/xHTML report preparation.

outcomes-cms

“We would love to keep this going on. CMS managed to attract few new clients for IRIS CARBON® products and became market leader among the providers of iXBRL/xHTML solutions in Cyprus market.”

Stravros Antoniou
Manager (CMS Systems Solutions Ltd)

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