Being the first vendor to be certified and recommended SSP by CIPC, DataTracks has proved its standpoint in South Africa as an iXBRL service provider. Now in adherence to the market requirements and price compatibility, DataTracks is ready to serve with a new version of iXBRL Tagging software.
DataTracks Rainbow - Cloud-based iXBRL Software
If you already have an in-house team that consolidates the financial data in MS Word or Excel and are looking to convert the financial statements into iXBRL format, consider opting for a cloud-based iXBRL Tagging software solution for efficient and accurate conversion.
You can also do the tagging of your Annual Financial Statements yourself by using our DataTracks Rainbow Software. Our iXBRL Tagging Software includes the CIPC validation gateway that provides the list of all business validation rule errors or warnings upfront enabling you to iterate and generate 100% error-free iXBRL reports.
How DataTracks iXBRL Tagging Software works?
DataTracks robust software helps you generate iXBRL format at ease
Roll forward
The ability to carry over iXBRL tags from the previous period lets users minimize – by up to ten times – the time they might otherwise spend to prepare iXBRL reports from scratch. It will also allow the Audit firms or the group companies to create multiple templates and reuse the same for their filing companies.
In-build validation engine
With our preventive validation mechanism, 95% of the errors will be filtered as and when you do the tagging. The iXBRL document, before generation, will go through the CIPC validation gateway and provides the list of errors, if any, before submission avoiding the possibility of rejections.
Collaboration and co-authoring
Split the document into as many sections as you might need, enabling collaboration and co-authoring. Further, it grants section-specific access to users, maintaining confidentiality until the document is published for submission.
Data cloning
Link facts present in different places of the data within the software. Changes at one location will update the facts in all the locations in the document, adjusted to scale and decimals.
Multiple input capability
Populate data from a variety of MS Office software such as Word, Excel and PowerPoint. Our proprietary linking feature lets you associate and link data from offline Excel spreadsheets.
Access restriction and Audit Trail
Define privileges for each user for better authorization management. Our comprehensive Audit Trail helps you to track any user’s activities within the software with detailed granularity.
Powerful formatting options
Our application is tuned to retain the format as in word document. In case any changes are required, users can use various formatting options provided in our Editor.
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