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11 December, 2017 05:46 IST
IRIS Business tops list of SEC filing software providers in USA
Source: IRIS | 06 Dec, 2017, 10.54AM
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IRIS Business Services has topped the list of SEC filing software providers in USA. IRIS Carbon, a SAAS offering used by enterprises to fulfil their compliance requirements, has topped an independent evaluation in the USA for generating filings with 100% accuracy.

The cloud based offering from global Regtech player, Mumbai based IRIS Business Services is used by listed US companies for creating their 10 Ks and 10 Qs for submission to the US Securities and Exchange Commission in the XBRL format. The software which is also used by enterprises in the UK, Ireland and Italy will soon be launched in South Africa.

''What is a source of huge satisfaction for us is that we have improved from having 2/3rds of the filings error free in March 2017 to 100% error free filings for the latest quarter,'' said Product Manager, R K Anuradha. ''The challenge now is to keep it this way so that we are able to attract more clients to our offering,'' she added.

Shares of the company declined Rs 1.80, or 3.29%, to trade at Rs 52.90 at the BSE (Wednesday).

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