IRIS iXBRL is a specialized software solution designed to assist accountants and businesses in the UK with iXBRL compliance and tagging of financial accounts. It streamlines the process of preparing tagged accounts for submission to HMRC, significantly reducing time and costs associated with compliance. The software is user-friendly, requiring minimal training, and supports various formats, including Microsoft Word, Excel, and PDF. Additionally, IRIS offers a pay-as-you-go tagging service and an outsourcing option for those needing extra assistance. With a focus on automation and compliance...
Vendor
IRIS Capital
Company Website
IRIS iXBRL is a cloud-based software solution that aids UK accountants and businesses in efficiently preparing iXBRL-compliant financial accounts. It automates tagging processes, reduces compliance costs, and offers flexible services tailored to various needs.
Key Features
Flexibility Allows tagging of accounts prepared in multiple formats.
- Supports Microsoft Word, Excel, and Adobe PDF.
- Tags can be added manually or adjusted as needed.
Intuitive software Designed for ease of use with minimal training required.
- Quick setup allows users to start immediately.
- User-friendly interface enhances productivity.
Comprehensive compliance Ensures adherence to all published taxonomies.
- Compliant with FRS 101 & 102 taxonomies.
- Supports sector-specific taxonomies and extensions.
Outsourcing options Provides additional capacity for businesses needing extra help.
- Access to skilled accountants trained in UK reporting.
- Pay-as-you-go tagging service available for flexibility.
Benefits
Cost Efficiency Reduces overall costs associated with iXBRL compliance.
- Significant savings reported by users compared to traditional methods.
- Automation decreases the time spent on tagging tasks.
Time Savings Accelerates the preparation of tagged accounts.
- Users report up to two days less processing time compared to manual methods.
- Templates from previous years can be reused for quicker tagging.