FOR IMMEDIATE RELEASE
CONTACT:
Satish Appalakutty/Raghu Srinivasan
NeoClarus, Inc.
877-636-4345
marketing@neoclarus.com
NeoClarus Announces iFile Release 2.0 of its XBRL based financial
reporting software solution
NeoClarus Inc., a leading
provider of XBRL-based financial reporting software solutions announces iFile
version 2.0 to support the following business capabilities
Pre-Defined
industry based maps for improving financial reporting productivity
iFile’s intelligent self-learning
engine continuously upgrades the predefined library which reduces
the financial report mapping cycle time. Verticalized predefined
libraries are available for all approved taxonomies. This differentiated functionality enables Customers/Partners
from all industry verticals to realize considerable productivity improvements in their financial reporting process.
Optimized application performance to handle large XBRL
taxonomies
This iFile
release supports a wide range of industry specific taxonomies published
by XBRL.org
and ICI.org
on a periodic basis for the Commercial, Industrial, Banking, Real Estate,
Insurance and mutual funds(Risk/Return Summary) industries among
others. iFile 2.0 has been optimized to handle these complex and
extensive taxonomies. This helps improve efficiency and productivity
during the tagging process by providing faster search results which are
also context-based. Financial domain
experts can leverage this feature to focus on the appropriate
search results.
Embedded Excel Support for imported data integrity
iFile now supports
data embedded in MS Word as embedded excels which enables us to serve an
even broader and more complex range of source financial documents. Manual
intervention is almost eliminated during data import that ensures integrity
between source and target financial statements
Enhanced mapping comments tracking Functionality for better
collaboration
As XBRL-based
financial reporting adoption has gained momentum based on the recent SEC
mandate, enterprises are setting up teams to coordinate their XBRL efforts.
Collaboration among Auditors, financial teams and Filers is critical for a
successful XBRL implementation. iFile 2.0 enables users to include
detailed audit trails of their actions by using the expanded notes functionality.
Financial elements that are tagged with explanations of the criteria used for
each mapping can be retrieved in chronological order enabling collaboration
among the various stakeholders.
Enhanced domain specific user experience and interactive
help
The iFile user
experience has been designed keeping in mind ease of use. Features such as more
intuitive industry specific icons and labels make it easier for financial
domain experts to use the application. Interactive help for a quick summary of
possible actions users can perform minimizes the learning curve for new users
About NeoClarus
NeoClarus
(neoclarus.com) is a provider of eXtensible Business Reporting Language (XBRL)
based software solutions to Enterprises, Auditors, Financial Printers and Data
Aggregators worldwide. NeoClarus iFile is an easy-to-use, web-based software
application used by financial printers and accounting professionals to file
financial statements in XBRL. Besides iFile, NeoClarus also offers the iAudit
solution that automates the validation of XBRL documents and iParser solution
to extract relevant data from XBRL instance documents for data dissemination
and analysis. NeoClarus is headquartered in