IRIS Business Services Limited

At #IRIS, we deeply value all those we work with around the globe. It is this trust and support that drives us to go far and beyond every single day.   As our friends, clients, and partners in the US celebrate Thanksgiving, we take this opportunity to thank all who make our journey meaningful. We are proud to stand alongside you and wish for this season to bring prosperity, joy, and cherished moments to you and your families.   #Thanksgiving #Gratitude #TeamIRIS #GivingThanks #SeasonOfThanks

Malaysia’s adoption of the PEPPOL e-Invoicing standard, spearheaded by Malaysia Digital Economy Corporation (MDEC), highlights a national commitment to enhancing digital compliance and operational efficiency. IRIS Business Services Limited is proud to support this revolution in digital compliance through its innovative product, IRIS IRIS MyeInvois. Designed specifically for Malaysia, IRIS MyeInvois integrates PEPPOL standards, enabling businesses to generate, manage, and exchange e-Invoices effortlessly. The platform simplifies compliance with Malaysian regulatory requirements while ensuring secure, real-time document exchange. As Malaysia scales its e-Invoicing initiatives, IRIS MyeInvois is poised to play a pivotal role in driving this transformation. #DigitalTransformation #eInvoicing #PeppolStandard #MalaysiaEconomy #IRISMyEinvois #RegTech #BusinessEfficiency #CrossBorderTrade 

Struggling with NRB’s updated regulatory standards? Nepali banks, meet #IRISiDEAL®—your comprehensive solution to streamline compliance with the Nepal Rastra Bank (NRB)’s XBRL mandate. 🤖Automate data collation and reporting ✅Enhance accuracy and consistency 🔒Ensure top-notch data security ⏳💰Save time and reduce compliance costs Take the stress out of regulatory reporting and focus on what truly matters—growing your business. Know more about iDEAL® here: bit.ly/3Z7GHZk #RegTech #NRBCompliance #XBRL #FinancialReporting #NepalBanking #BankingInnovation #ComplianceSolutions #DataSecurity #Automation #BusinessGrowth

#XBRLShorts 🌍Big News for Public Sector Climate Reporting!🌱 The International Public Sector Accounting Standards Board (IPSASB) has just released a draft of its SRS ED 1, the first-ever climate disclosure standard for the public sector!🌱📊 Here are a few quick questions to help break it down:❓👇 💡Why does this matter?  This new standard will allow public sector organizations, like governments, to report on their🌱 climate efforts in a clear✅, consistent🔄, and accountable📊way. 🔍What makes it unique?  Built on the International Sustainability Standards Board (ISSB)'s🌍 global baseline, this standard is tailored specifically for the public sector. Could this alignment make public sector reporting more comparable to corporate disclosures?📊🤝 🌟How could it impact climate action?  Governments have tools—💰taxes,💡subsidies, and 📜policies—that can drive change across entire economies. Could standardized climate reporting strengthen their accountability📊✅? 📆What’s next?  IPSASB is calling for feedback🗣️ on this draft until February 28, 2025📅, to refine the standard with input from public sector leaders, sustainability experts, and more.💼 💬Do you think this could improve climate transparency in the public sector? Drop your thoughts in the comments! #ClimateReporting #PublicSector #Sustainability  #GlobalStandards #ClimateDisclosure #Transparency #Accountability #ClimateAction #IPSASB

Automating Compliance: NRB's XBRL Mandate Streamlines Reporting for Financial Institutions In a significant step towards modernization, the Nepal Rastra Bank (NRB) has mandated the adoption of XBRL for financial reporting among banks and financial institutions. This transformative initiative enhances data accuracy, ensures compliance, and aligns Nepal's banking sector with global standards. Read about the key features, benefits, and challenges of NRB’s XBRL mandate and how it paves the way for a more efficient and competitive financial ecosystem in Nepal. Discover more: bit.ly/4g3Cs7S #XBRL #FinancialReporting #RegulatoryCompliance #Banking #Nepal #NRB #BankingTransformation #NepalFinance #DigitalReporting #DataAccuracy #GlobalStandards #FinancialInnovation

The Reserve Bank of India (RBI) is revolutionizing regulatory reporting through the adoption of XBRL. Learn how this powerful tool is improving data accuracy, streamlining submissions, and aligning India's financial system with global standards. Dive into the blog to understand the benefits and future outlook of XBRL reporting in India 👉 bit.ly/3YYPM6A #RegulatoryReporting #XBRL #RBI #FinancialServices #DataManagement #DataAccuracy #GlobalStandards #FinancialTransformation #FinTech #DigitalReporting #IndiaFinance

Digital reporting has fundamentally transformed the collection, analysis, and presentation of financial data, especially crucial during banking crises. By using machine-readable formats like XBRL, digital reporting enhances transparency, making financial information readily accessible and easily interpretable for stakeholders. This immediate access allows for quicker assessments of a bank’s financial health. During crises, the ability to swiftly analyze and disseminate data is essential, and digital reporting streamlines this process, enabling faster decision-making and effective regulatory interventions. Moreover, it fosters greater accountability by making financial data more transparent and less prone to manipulation, ensuring stakeholders have a clear and accurate view of a bank’s financial status. Read our blog to dive deeper into how digital reporting is shaping transparency and stability during banking crises: bit.ly/3V5tJdj #DigitalReporting #BankingCrisis #FinancialStability #XBRL #RegulatoryResponse #TransparencyInFinance #DataDrivenDecisions #FinancialReporting #BankingSolutions #CrisisManagement

Thank you, Karthick Kamath, Manager of Technology & Digital Hub (IT - Dept) at Karnataka Bank, Bengaluru, for choosing #IRISiDEAL® as a trusted partner in your regulatory reporting journey. Your feedback on IRIS iDEAL® highlights the core values we strive to deliver- efficiency, accuracy, and exceptional support.  We are delighted with your positive feedback on our XBRL and non-XBRL instance generation processes that has enhanced efficiency, and reduced the time investment required for reporting. At #IRIS, our goal is to ensure that every transition to IRIS iDEAL® empowers organizations to manage regulatory requirements with confidence and ease. Thank you once again, Karthick, for trusting IRIS. Your success is our success, and we look forward to supporting Karnataka Bank Ltd in every step of its digital transformation. For more information on how IRIS iDEAL® can enhance your reporting processes, reach out to us today at 👉https://lnkd.in/ddphG-hb #ClientAppreciation #RegTech #XBRL #RegulatoryReporting #Innovation #CustomerSuccess #DigitalTransformation #FinancialReporting #Feedback

Data Amplified is here... And Shraddha Bagul, Lead consultant XBRL Taxonomy is sharing the stage with the XBRL International, Inc. Best Practices Board members crafting the future of financial reporting! Dm your queries or drop a comment to get the conversation started! #data #xbrltaxonomy #dataamplified2024

#IRIS Auto-tagging Assistant now supports Arabic Financial Reporting!!🚀   We are delighted to launch the Arabic language support for IRIS Auto-Tagging Assistant. Say goodbye to the complexities of XBRL tagging.   With AI-powered IRIS Auto-Tagging Assistant, now easily convert Arabic/English-Arabic financial reports into compliant XBRL formats.   What's so exciting about it?   ✔️ Supports Arabic/Arabic+English language for native compatibility 🤖AI-powered tagging to minimize errors ✅ 📜Effortless regulatory compliance ⏱️Saves time with automation, so you can focus on growth 💼Perfect for enterprises, auditors, and financial professionals aiming for streamlined compliance and transparency.   🎥Watch the #demo and witness the transformation in action! 📧Write to hello@irisbusiness.com for enquiries.   #XBRL #RegTech #FinancialReporting #ArabicFinance #Compliance #Automation #BusinessInnovation #DigitalTransformation #CorporateTransparency #DigitalFinance #GlobalStandards #StreamlinedCompliance #EnterpriseSolutions