DataTracks today announced an impressive milestone with the acquisition of their 12,000th customer. With a growing suite of software and services, DataTracks is at the forefront of modern financial reporting, delivering Inline XBRL (iXBRL) reports across the world.

The DataTracks suite of products include:

• Disclosure Management Solution that generates EDGAR and iXBRL reports for filing with the SEC in the United States
• iXBRL software for filing with tax and corporate regulators in the UK, Ireland and South Africa
• DPM (Data Point Model) based software for insurance companies under Solvency II regulation and for banks under CRD IV regulation
• SBR (Standard Business Reporting) software for filing with various regulators in Netherlands and basic XBRL products for other regions

“iXBRL is an important evolution in how our customers share information with their ecosystem of regulators and key stakeholders. With Inline XBRL, both humans and machines can interpret financial information filed in the same format and this opens up new avenues and possibilities for reporting, analytics and insights.”

- Karthik Sathuragiri, President, DataTracks

With this statement, DataTracks also announced that they worked on the preparatory iXBRL filing of a major accounting firm in South Africa to be filed with CIPC (Companies and Intellectual Properties Commission), the corporate regulator in the region. CIPC is mandating the filing of Annual Financial Statements in the iXBRL format from 1 July 2018 for all qualifying companies in South Africa.