Description of the offer

IRIS CARBON® Disclosure Management is a Microsoft 365-based SaaS solution tailored for the Office of the CFO. The collaborative platform assists users in preparing, reviewing, and finalizing financial and non-financial reports (Annual Reports, Quarterly Reports, ESG Reports, internal reports, etc.) in a highly efficient manner, along with high-quality XBRL/ inline XBRL reporting.

The platform collates data from multiple source systems so teams can efficiently combine data and narrative to generate financial and regulatory compliance reports. This ensures that all projects are managed centrally, with teams receiving approval to work on sections of the reports. IRIS CARBON® Disclosure Management solution unifies teams that are working on different parts of a document and provides full visibility to personnel involved in the review process. All updates in the Microsoft Word and Excel files are synced with IRIS CARBON® to ensure that all users always work on the latest set of data.

The platform allows the easy generation of Reports in Word, PDF, and digital reporting formats like iXBRL/XBRLs, allowing last mile streamlining for all compliance reports.

IRIS CARBON® is leveraged by close to 6,000 companies in 30 countries for compliance reporting with regulators around the world, including the US SEC, US FERC, ESEF-ESMA, UK FCA and HMRC, Irish Revenue, and South Africa’s CIPC.

IRIS CARBON® has won the Appealie SaaS + Software award (2023) and has been awarded the Most Agile/Responsive SaaS Solution of the Year (2022) and a high performer in the G2 summer and fall reports (2023).

The product is backed with top-class expert assisted services and dedicated teams are made available to support clients end to end as part of a package that ensures smooth and effortless compliance.

Type of user that benefits from the offer

Companies listed on a regulated market/stock exchange, private companies, Foreign Private Issuers, and Mutual Fund Entities in the US, UK, Europe, Ireland, Italy, India, and South Africa.

Customer needs or pain that the offer addresses

a. Firm deadlines, multiple iterations: Compliance reporting is a highly iterative and deadline-driven process. Our software provides real-time collaboration for process efficiency, time, and resource optimization.

b. XBRL Reporting is complex: Our platform helps to simplify digital XBRL Reporting without having to take the pain of learning the nuances of XBRL specifications.

c. Lack of affordable and user-friendly-SaaS-solutions: The RegTech compliance reporting market predominantly has been desktop-based software. SaaS solutions have emerged in this space, however, they are highly-priced. IRIS CARBON® leverages the India-cost advantage, placing us in a very sweet spot to offer an affordable platform to users globally.

d. Limited options of a complete package in compliance reporting: Due to a constant need to streamline compliance reporting, we are in a unique position to provide clients with an integrated disclosure management + XBRL creation platform where they can collaboratively manage the entire compliance reporting process.

IRIS CARBON® - Disclosure Management

by IRIS Businesss Services Ltd