IRIS Business Services (NSE, BSE: IRIS), the first listed SaaS RegTech company in India, announced the launch of Office 365-based disclosure management module.
The disclosure management module falls under the umbrella of the IRIS CARBON® range of products, serving global organizations with their structured financial reporting and analytics. The latest module eliminates traditional financial and nonfinancial reporting hurdles by bringing in capabilities to author any report or document. This new module highlights the collaborative capabilities it brings across various teams in an organization for authoring, review, and finalization of reports.
Finance teams across organisations of varied sizes work in silos impacting their agility, transparency, and control. With extensive access controls and robust audit capabilities, this new module will help finance teams gain complete control of their authoring processes. This feature-packed module will enhance the speed and flexibility of groups working on disclosure management.
"Our efforts have always been focused on simplifying reporting and compliance for finance teams across the globe. This new module underlines our efforts to provide comprehensive modules for these teams. Authoring of disclosures is a critical element in compliance, and this module makes it as simple as possible for them," said Anuradha RK, Business Head, IRIS CARBON®.
Ashish Singhvi, Product Engineering Head at IRIS CARBON®, said: "We are excited to bring a new version of our Disclosure Management module, which will enable financial and non-financial reporting teams to streamline their authoring processes."
Some of the noteworthy features of this new module include the following:
- Office 365 integration for collaborative authoring
- Documents always in sync irrespective of formats
- Version management for streamlined audit trails
- Online review/commenting for faster processing
- Accommodates last-minute edits for flexibility
- Generation of multiple output files including iXBRL
- Robust access control for multi-user collaboration
- In-built XBRL/iXBRL conversion capabilities
- Easy integration with data sources like ERP systems
Shares of IRIS Business Services Ltd was last trading in BSE at Rs. 79.20 as compared to the previous close of Rs. 82.65. The total number of shares traded during the day was 7848 in over 320 trades.
The stock hit an intraday high of Rs. 81.95 and intraday low of 78.90. The net turnover during the day was Rs. 627175.00.