IRIS Business Services, has launched IRIS iConnect, an XBRL analytics tool that helps business leaders to leverage structured data for better insights and decision-making. display:table-caption;caption-side:bottomiConnect Logo. Logo of iConnect, an XBRL Analytics solution.

IRIS iConnect is available for Office 365 users via the Microsoft Store and currently provides access to publicly available data filed in XBRL and Inline XBRL under regulatory mandates such as: US SEC iXBRL mandate; US FERC XBRL mandate; US ACFR iXBRL requirement; Europe'sESMA ESEF regulation; and India's MCA XBRL requirement. This tool is ideal for business and financial leaders to understand regulatory data and derive actionable insights to achieve key business objectives. With iConnect, every key stakeholder, including investors, analysts, and key decision-makers, can analyze and compare XBRL and iXBRL data in the familiar Excel format.

Companies can now use regulatory data to improve financial planning and analysis, conduct effective peer benchmarking, communicate better with stakeholders, manage risks, and improve reporting and compliance. iConnect makes structured financial data available for every stakeholder, which they can use to populate and update their financial models with ease. Anuradha RK, the Business Head at IRIS CARBON®, shares that the company's new offering, IRIS iConnect, will empower compliance reporting teams and financial analysts with an extensive pool of decision-useful information.

Utilizing XBRL technology, the tool will provide an uninterrupted flow of data to deliver valuable insights into the business environment. Some of the notable features of IRIS iConnect include: Easy access via an Office 365-based add-in for Excel; Easy data querying and extraction for financial analysis; Compatible with Office for Windows, Mac, and Office Online and A familiar spreadsheet interface and quick data updates.