Media

DataTracks India participates in ICAI international conference in Chennai

12 Jan 2012

DataTracks India (www.datatracks.in), a provider of XBRL solutions and services for regulatory filings with MCA, participated in the conference conducted by the Institute of Chartered Accountants of India (ICAI) between 6th to 8th January, 2012 on “Accountancy Profession: Leveraging Emerging challenges for Inclusive Growth” at Chennai.

DataTracks India was a lead sponsor at the conference that was attended by more than 900 delegates which included members of the ICAI, senior finance professionals from companies and partners of accounting firms from all over India. The conference focused on the emerging accounting practices including the XBRL regulatory filing standards being implemented in India.

As an invited speaker, TR Santhanakrishnan, CEO of DataTracks India, addressed the audience on XBRL and how companies can benefit from XBRL, beyond regulatory filings. The event was an eye opener to several accounting professionals keen to take advantage of this emerging new regulatory and business reporting standard.

ICAI international XBRL conference

At this event DataTracks announced the launch of its new offering to Companies for preparing regulatory filings with Ministry of Corporate Affairs in India. This included:

  1. A web based template that users can fill in their data and extract output in XBRL format.
  2. A web based Self-service model where users can convert regulatory filings into XBRL format for a nominal fee
  3. A web based Full service model where users can send input documents to DataTracks India for conversion into XBRL; a service that is already being used by several companies in India

The services use a robust in house XBRL conversion software built and owned by DataTracks.

“Our participation in this ICAI International conference has been a very rewarding experience for us. We were able to interact very closely with many accounting professionals from a wide variety of companies and accounting firms and promote our XBRL solutions. We were quite excited by the overwhelming positive response received and hope to finalize very soon a few strategic relationships with some of the key players, for our XBRL offerings ” commented Siva Sankar, Manager Business Development.

“Given that the MCA filing may get extended to a wider number of companies for the coming year, we wanted to offer a choice of XBRL solution offerings at cost effective prices, for our customers from the wider market segment, to choose from” he added.

About DataTracks India:DataTracks India is owned by DataTracks Services Limited (www.datatracksglobal.com), leaders worldwide in preparation of financial statements in XBRL format for filing with regulators. DataTracks has prepared more than 60,000 statements (in ASCII, HTML and the more recent XBRL format) for filing with Securities Exchange Commission in the United States in the last five years.

Website: www.datatracks.in

Media contact:T R Santhanakrishnan, trs@datatracks.in +91 (44) 4231 6368 x 101