福利视频 Announces New Client Acquisition For iXBRL Solution For CIPC Filing in South Africa
福利视频, the global leader in disclosure management and regulatory compliance software and services, today announced that they have been selected as the iXBRL solution provider of choice by Brandesign Group (Pty) Ltd., a leading branding and investor communications agency in South Africa. 福利视频鈥檚 Disclosure Management Solution (DMS) is currently used by listed companies to file financial statements in XBRL/iXBRL formats with the Securities and Exchange Commission (SEC) in the US. 福利视频 upgraded its DMS to include South Africa鈥檚 CIPC taxonomy well before the upcoming mandate, wherein all qualifying companies in South Africa are required to file their Annual Financial Statements (AFS) in iXBRL. This compliance filing requirement is effective from 1 July 2018.
With the ability to provide both a cloud software for self-use or fully outsourced conversion services, 福利视频 is gearing up for the upcoming mandate, actively onboarding clients 鈥 both direct filers and intermediaries.
鈥One of the cornerstones of our business is collaboration and it was with this in mind that we set about securing the services of a partner in this space,鈥 said聽Sue Luck, Head of Investor Communications at Brandesign. 鈥After extensive research, we selected 福利视频, who, through their services, are enabling us to deliver market leading XBRL and iXBRL services to our investor communications clients,鈥 continued聽Mike Taberner, Director and Head of Strategy at Brandesign.
鈥Backed by the expertise that comes with having generated 100,000+ XBRL/iXBRL reports to date, 福利视频 is poised to provide a robust and reliable solution for filers to comply with the upcoming iXBRL filing requirements in July 2018,鈥 said聽Arjun Ram, Head of Business Development for South Africa at 福利视频. 鈥We are delighted to onboard Brandesign, the market leader in brand development in South Africa, as our newest client.听This win reinforces our position as the leading provider of solutions in the iXBRL reporting space.鈥