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IRIS CARBON® Reviews & Product Details

IRIS CARBON® Overview

What is IRIS CARBON®?

IRIS CARBON® is a collaborative platform that helps users prepare, review, and finalize reports by leveraging Microsoft Word and Excel integration with IRIS CARBON® as well as meet the XBRL/iXBRL reporting requirements. IRIS CARBON® is used for the regulatory reporting requirements of over 6000 companies and is being used for regulatory reporting requirements in the following countries: USA : Securities and Exchange Commission XBRL reporting since 2009 and iXBRL reporting since 2017; Federal Energy Regulatory Commission XBRL reporting since 2021 UK : Her Majesty's Revenue and Custom, iXBRL reporting since 2011-12 India : Ministry of Corporate Affairs, XBRL reporting since 2011 Ireland : Commissioners of Revenue iXBRL reporting since 2012-13 Italy: InfoCamere XBRL reporting since 2014-15 Europe : European Securities Markets Authority (ESMA)-ESEF iXBRL reporting since 2019 South Africa : Companies and Intellectual Property Commission's iXBRL reporting since 2018 IRIS CARBON® is a SOC-certified, intuitive, and feature-rich SaaS platform that collates data from multiple source systems so teams can efficiently combine data and narrative to generate financial and regulatory compliance reports. IRIS CARBON®, as a product, was launched in 2014 and is being used by several thousands of customers globally. With our deep hands-on expertise in XBRL and iXBRL around the globe, IRIS has been consistently topping the XBRL quality charts published by several independent quality evaluators, with our strong technology and XBRL expertise.

IRIS CARBON® Details
Languages Supported
Bulgarian, Czech, Danish, German, Greek, English, Estonian, Finnish, French, Irish, Hindi, Croatian, Hungarian, Italian, Latvian, Lithuanian, Dutch, Polish, Portuguese, Romanian, Slovak, Slovenian, Spanish, Swedish, Maltese
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Product Description

IRIS Business Services Limited is one of the first providers of full professional XBRL products and solutions to organizations globally. For the last 15 years, IRIS has been very closely involved in the XBRL space, in taxonomy creation, software solutions and in the conversion of structured and unstructured data into XBRL for regulatory filing across the globe. IRIS is India's only listed SaaS company in the RegTech space. Our product, IRIS CARBON® is an XII certified cloud-based SaaS platform to prepare any regulatory compliance reports. The platform is leveraged by close to 3000 companies for regulatory reporting requirements in the following countries. USA : Securities and Exchange Commission XBRL reporting since 2009 and iXBRL reporting since 2017; Federal Energy Regulatory Commission XBRL reporting since 2021. UK : Her Majesty's Revenue and Custom, iXBRL reporting since 2011-12 India : Ministry of Corporate Affairs, XBRL reporting since 2011 Ireland : Commissioners of Revenue iXBRL reporting since 2012-13 Europe : Italian InfoCamere XBRL reporting since 2015 and ESMA-ESEF iXBRL reporting since 2017 South Africa : Companies and Intellectual Property Commission's iXBRL reporting since 2018


Seller Details
Year Founded
2005
HQ Location
Mumbai, IN
Twitter
@iris_carbon
92 Twitter followers
LinkedIn® Page
www.linkedin.com
Description

IRIS Business Services is a global Regulatory Technology (RegTech) company with a mission to enable data-driven decision-making by leveraging digital standards. As India's only listed SaaS company in the RegTech space, IRIS creates cutting-edge compliance solutions for issuers/enterprises, regulators, governments, institutional customers, etc. IRIS is an ISO 27001:2013 certified organization. The organization's expertise in the XBRL space has been built over 20 years with customers spread across 50+ countries. IRIS’ Disclosure Management solution - IRIS CARBON® is a feature-rich Office 365-based solution that helps companies author reports, along with high-quality digital reporting in XBRL and iXBRL. IRIS CARBON® is leveraged by close to 6,000 companies 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.


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Recent IRIS CARBON® Reviews

Kameron K.
KK
Kameron K.Enterprise (> 1000 emp.)
4.5 out of 5
"Iris Carbon"
Iris Carbon has a great customer service team that helps us with any updates to the filing process that we needed. They always looked for ways to i...
Verified User
U
Verified UserMid-Market (51-1000 emp.)
4.5 out of 5
"."
The staff are very helpful and there is a very quick turn around.
SA
SEUN A.Mid-Market (51-1000 emp.)
5.0 out of 5
"EXCELLENCE IN REGULATORY REPORTING AND SUPPORT"
Very fast tagging solution and efficient customer support
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15 people requested security information

IRIS CARBON® Media

IRIS CARBON® Demo - IRIS CARBON® Login
A screenshot of the login interface of IRIS CARBON®, an intuitive platform for XBRL/iXBRL reporting, disclosure management, and ESG reporting.
IRIS CARBON® Demo - IRIS CARBON® for SEC iXBRL Compliance
An interface of IRIS CARBON® for SEC iXBRL reporting and compliance.
IRIS CARBON® Demo - IRIS CARBON® ESMA ESEF iXBRL Reporting
An IRIS CARBON® interface for ESMA ESEF iXBRL reporting.
IRIS CARBON® Demo - IRIS CARBON® Interface for FERC XBRL Reporting
An interface of IRIS CARBON® showcasing FERC XBRL reporting and compliance.
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83 IRIS CARBON® Reviews

4.8 out of 5
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83 IRIS CARBON® Reviews
4.8 out of 5
83 IRIS CARBON® Reviews
4.8 out of 5

IRIS CARBON® Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for IRIS CARBON®Question

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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Kameron K.
KK
Fixed Asset Accountant
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about IRIS CARBON®?

Iris Carbon has a great customer service team that helps us with any updates to the filing process that we needed. They always looked for ways to improve their system and add efficiencies. They were very helpful in the implementation process and always checked in to ask if they could assist with any improvements. Review collected by and hosted on G2.com.

What do you dislike about IRIS CARBON®?

There were some confusing features in the system that could be improved and some checks could be added to assist with rounding issues. Review collected by and hosted on G2.com.

What problems is IRIS CARBON® solving and how is that benefiting you?

They are assisting us with the filing process of our Form 2 and Form 6 entities. They provide validation and casic checks to ensure that we do not make any errors on our forms and are in guidance with FERC. Review collected by and hosted on G2.com.

TS
Senior Accounting Consultant
Small-Business(50 or fewer emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about IRIS CARBON®?

IRIS CARBON has been amazing along every step of the way for us transitioning into this new world of having to file FERC reporting. They have held our hand and guided us step by step to ensure we meet every deadline, and all our reports are filed correctly and on time. Their team is top notch and extremely professional. The team has stayed on the phone with me for hours as we worked through filing errors to make sure we filed on time. The software is user friendly and easy to move between different sections. The best feature of the software is the ability to run test uploads to see if there are any errors in the filing with the FERC system. IRIS CARBON makes the FERC filing process smooth and stress free. Review collected by and hosted on G2.com.

What do you dislike about IRIS CARBON®?

This may be more specific to our situation; we purchased our assets from a company who was using IRIS CARBON for their FERC filing. When we went to file our annual report, we had issues with the filing due to the roll forward of prior year numbers not matching beginning of year numbers because it was a new set of books. Thankfully for the awesome team, we were able to quickly work through the issue and resolve the problem and file on time. If there are issues during the test filing, a more detailed description could be helpful in some cases. Review collected by and hosted on G2.com.

What problems is IRIS CARBON® solving and how is that benefiting you?

We only have one accountant to oversee 5 companies and all of their financials and reporting deadlines. IRIS Carbon helps us stay on time and makes the process so smooth and seemless. We don't have to go through a ton of extra and unnecessary steps to file our reports on time with the right government agencies. They have many features we love and I have outlined below:

1. The ability to use the cloud-based software from anywhere, whether I'm at work, working from home or on vacation. The deadlines don't wait for me and many times I have to work on the go. I like that I can login to the software anywhere I have access to the internet and work on meeting my deadlines.

2. Once your data is loaded and mapped into the correct schedule, you can generate XBRL's to help you start working through any discrepancies and errors that would prevent you from filing with FERC. If a discrepancy is found, a link is listed that brings you right to difference with an explanation. With the easy of working through this process, it takes very little time to work through any issues that may come up in the upload process.

3. The favorite feature of IRIS CARBON is their team! Their support team is phenomenal. During the weeks leading up to deadlines, they are available 24 hours a day. They are always just a quick email, phone call or team meeting away. I feel like each quarter I always have the same questions and issues, but they are always so happy to help me and walk me through the same steps again. They always remind me a few weeks ahead of schedule of upcoming deadlines. They are very knowledgeable about the software and know how to correct issues on the backend if things can't be fixed on the upfront side. I can go on and on about the team! They are truly amazing and what really sets them apart! Review collected by and hosted on G2.com.

EJ
Lead Analyst / Next Day Generation Planner
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about IRIS CARBON®?

I love that it is cloud-based, has a neat & clean user friendly interface, it simplified and streamlined our process of preparing and reporting our FERC 714 as an X-BRL file. The import and validation features save us so much time and effort. I addition, I am extremely impressed with the response time and high level of customer support provided. Review collected by and hosted on G2.com.

What do you dislike about IRIS CARBON®?

I have used this product for three years now and I do not have any downsides or dislikes to report. Review collected by and hosted on G2.com.

What problems is IRIS CARBON® solving and how is that benefiting you?

Iris Carbon helps us to comply with a newly instituted national mandate to report our FERC 714 form in XBRL format. In addition, they provide a template used for gathering information necessary to prepare the report. This template can be imported into the software instead of having to type it which eliminates and reduces redundancy and typographical errors. The program is cloud-based so we are now able to work from multiple sites when reporting, and unlike before, multiple users can be assigned to work on or review the same project. The validation & test submission features helps us to identify possible errors before submittal, and saves us tons of time in the process. The interface is very user friendly and their customer support team proactively communicates sending us reminders of upcoming reporting requirements, and responds rapidly when any assistance is needed. Review collected by and hosted on G2.com.

Jillian C.
JC
Manager, Gas Accounting
Small-Business(50 or fewer emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about IRIS CARBON®?

We were required to file our annual FERC filing in the new XBRL format back in 2022 on a very short timeframe. We struggled to find someone who could help us adhere to these reporting requirements, especially as our company only is required to report a very small portion of the larger filing. The team at IRIS Carbon went above and beyond to assist us in implementing the software quickly. Any time had issues getting the file submitted, they immediately offered help. They were also extremely helpful in training our team to use the software. We could not properly complete our required reporting if it were not for IRIS Carbon. Review collected by and hosted on G2.com.

What do you dislike about IRIS CARBON®?

No issues noted. We are required to complete FERC reporting, and through IRIS Carbon is the easiest way to do so. Review collected by and hosted on G2.com.

What problems is IRIS CARBON® solving and how is that benefiting you?

It allows us to create our FERC reports in XBRL formatting as required without taking the time and resources of our IT Team Review collected by and hosted on G2.com.

Verified User in Accounting
CA
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about IRIS CARBON®?

The cloud platform has many features to assist during ESEF reporting, is user friendly, it has inline iXBRL Viewer, predefined reports, summary snapshot and calculation checks. The team is hard-working, professional, and always eager to help.. Always resolving any issues promptly so that the deadlines are met on time. Review collected by and hosted on G2.com.

What do you dislike about IRIS CARBON®?

I couldn't find any downsides on using this tool. I am extremely satisfied with the tool Review collected by and hosted on G2.com.

Recommendations to others considering IRIS CARBON®:

Totally recommended! Both the cloud platform and the team are professional and reliable. Review collected by and hosted on G2.com.

What problems is IRIS CARBON® solving and how is that benefiting you?

Tag annual reports based on ESMA - ESEF requirement. Tagging the annual reports based on this mandate is mandatory in EU for listed entities and the IRIS Carbon provides a simple solution to this. Review collected by and hosted on G2.com.

Verified User in Retail
UR
Enterprise(> 1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about IRIS CARBON®?

Time Savings: The streamlined process offered by IRIS Carbon significantly reduces the time spent on tagging our annual accounts. What used to be a labor-intensive task now takes a fraction of the time. This efficiency allows our team to focus on other critical aspects of financial reporting.

Cost-Effective Solution: IRIS Carbon’s pricing model is competitive, especially when compared to alternative solutions. By choosing IRIS Carbon, we’ve experienced lower expenses without compromising on quality. It’s a win-win situation for our budget and reporting requirements.

Professional Support Team: The experts and support team at IRIS Carbon are top-notch. They respond promptly and provide effective solutions to our queries. Their knowledge and professionalism have made our experience stress-free.

Intuitive Platform: IRIS Carbon’s platform is user-friendly and straightforward. It simplifies the ESEF tagging process, making compliance easier for us.

Accurate Results: We’ve been using IRIS Carbon for the past two years, and the results have been consistently accurate. We encountered minimal errors, and major changes were unnecessary.

Consultation and Training: Even though our use of the application is primarily for consultation, IRIS Carbon provided valuable training. Their organized and responsive team accommodated our timing needs. Review collected by and hosted on G2.com.

What do you dislike about IRIS CARBON®?

We have no issues with the IRIS Carbon product or service. Review collected by and hosted on G2.com.

What problems is IRIS CARBON® solving and how is that benefiting you?

FSMA Compliance Made Easier:

Tagging our financial statements for FSMA purposes used to be a complex and time-consuming endeavor. With IRIS Carbon, the process is simplified, accurate, and efficient. We’ve reduced the administrative burden and ensured compliance seamlessly. Review collected by and hosted on G2.com.

SA
Senior Finance Officer
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about IRIS CARBON®?

Very fast tagging solution and efficient customer support Review collected by and hosted on G2.com.

What do you dislike about IRIS CARBON®?

Requires strong internet connectivity for optimization Review collected by and hosted on G2.com.

What problems is IRIS CARBON® solving and how is that benefiting you?

Regulatory reporting Review collected by and hosted on G2.com.

Verified User in Manufacturing
UM
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about IRIS CARBON®?

The staff are very helpful and there is a very quick turn around. Review collected by and hosted on G2.com.

What do you dislike about IRIS CARBON®?

Some of the error messages are hard to understand. The terminology isn't clear to me. Review collected by and hosted on G2.com.

What problems is IRIS CARBON® solving and how is that benefiting you?

Meets our SEC filing requirements Review collected by and hosted on G2.com.

Samantha C.
SC
SEC Accountant
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about IRIS CARBON®?

The friendly and competent support team are available 24/7 to guide you through the process. They provide an in depth training before use and the platform itself is easy to use and implement. It has made our reporting time much faster than before. We now file early because of IRIS Carbon Review collected by and hosted on G2.com.

What do you dislike about IRIS CARBON®?

There is nothing that I dislike about the product Review collected by and hosted on G2.com.

What problems is IRIS CARBON® solving and how is that benefiting you?

IRIS Carbon is helping us create and file our financial reports to the SEC. Their platform has sped up our process exponentially Review collected by and hosted on G2.com.

Verified User in Information Technology and Services
UI
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about IRIS CARBON®?

The aplications design is user friendly and has a clear flow. Great support througout the process from onboarding on and svift anwsers to all your questions. Review collected by and hosted on G2.com.

What do you dislike about IRIS CARBON®?

Some of the features can take time to process changes. Review collected by and hosted on G2.com.

What problems is IRIS CARBON® solving and how is that benefiting you?

No more Excel versions that get overwritten and lost in emails. Their solution allows multiple people work at the same time, without overvriting ech others data. And with sync between Excel - Word and Powerpoint reports can be easily created and managed over time. Review collected by and hosted on G2.com.