For easy operability, below is a step by step process to prepare an Annual Return using IRIS Instant ready for lodgement.

How to prepare Annual Returns ready for MBRS lodgement using IRIS Instant: Step-by-Step Guide

Here’s a simple breakdown of how to file MBRS 2.0 reports using IRIS Instant.

Step 1: How to Login to IRIS Instant 

• Go to IRIS Instant Portal, navigate to ‘Login’ button. 
• Enter your secure credentials. 
• As it’s a cloud-based platform, no installation is required—access it anywhere, anytime. 

Step 2: How to access the IRIS Instant Dashboard

• After login, you will land on the IRIS Instant Dashboard. 
• Use the left-hand menu to view: 
  • Dashboard 
  • Administration 
  • Filing Workspace 

Step 3: How to Start a New XBRL Report preparation using IRIS Instant 

• Click on ‘Filing Workspace -> File Upload -> Single Upload’ to begin. 
  • Trial users: Upload one report at a time. 
  • Licensed users: Access bulk upload for higher volume filing. 
• Select the applicable financial reporting framework: MFRS or MPERS. 
• Choose the company name using smart search. 

Step 4: How to Upload Financial Statements (PDF) in IRIS Instant

• Upload simple or stylized PDF versions of financial statements. 
• Enter basic company details like name and registration number (only for first-time upload). 
• System remembers data for future use. 

Step 5: How does IRIS Instant facilitate Data Extraction for Returns using AI? 

• The platform uses AI to extract financial data points from the uploaded PDF. 
• It auto-tags values based on MBRS and MPERS Taxonomy. 
• Filing status in the dashboard updates to ‘Submitted’ for review once the document is auto-tagged. 

Step 6: How to Review and Edit Returns Data in IRIS Instant 

• Move to the Editing Interface, which resembles mTool but is web-based and smarter. 
• View: 
  • Left panel: MBRS taxonomy navigator. 
  • Right panel: AI-populated web form. 
• Adjust values easily: 
• To open PDF View Double-click the specific cell you want to cross-verify. 

Step 7: How to Run Auto-Calculations in IRIS Instant

• Use ‘Auto Calculation’ to instantly populate totals and parent concepts. 
• AI estimates values where labels are unclear. 
• Manually verify using the green tick next to each calculated item. 

Step 8: How to use Auto-Aggregation and Footnotes in IRIS Instant

• IRIS Instant auto-aggregates multiple disclosures into a single XBRL tag if required by taxonomy. 
• Auto-generates footnotes for derived values. 
• You can also manually add or delete footnotes 

Step 9: How to Auto-Tag Text Blocks using IRIS Instant 

• System auto-tags mandatory text blocks  
• Modify or manually tag additional blocks as needed. 

Step 10: How to validate the generated report and facilitate Error Resolution 

• IRIS Instant performs section-wise and inter-section-wise validations in real-time. 
• Missing or non-extractable elements (like Director IDs or Auditor Address) are flagged. 
• Navigate to the errors tab to get the details of the errors. 
• Click the red pin icon to instantly locate and resolve errors in the form. 

Step 11: How to generate XBRL Output and Submit 

• Once validations are cleared, click on ‘Generate’. 
• The file generated is MBRS-ready, validated by the same engine that powers the MBRS portal. 
• Download the output and upload it directly to SSM’s MBRS portal for submission. 

Step 12: How to track Filing History 

• Use the dashboard to track your filing progress, view errors, rework drafts, and download final outputs anytime. 

Why IRIS Instant? 

• Cloud-based: Access from anywhere, no installation needed
• AI-powered XBRL tagging: Ensures you complete hours of data entry in minutes.
• SSM-compliant templates: Limited to no knowledge of XBRL can also guarantee quality filings
• mTool-like editing interface – web-based and faster: Same, easier to navigate UI, combined with the goodness of cloud and speed.
• Same validation engine as MBRS Portal – Built by the same team that built the MBRS portal, we have used the same validation engine that powers the MBRS portal, hence an IRIS instant Compliant document will always be an SSM compliant document.
• Multi-user, role-based access for collaboration : Perfect for accounting and secretarial firms where multiple people work on multiple client documents based on roles- preparer, reviewer, etc.

Make Your MBRS 2.0 Filing Effortless 

Whether you’re filing for one company or managing filings across a portfolio, IRIS Instant helps you: 

• Reduce human error 
• Speed up filing time 
• Collaborate with your team 
• Avoid late penalties 
• Ensure SSM compliance

The MBRS went fully live on June 1st this year.

Time is ticking. MBRS 2.0 XBRL submissions are mandatory post June 1st, 2025. Why risk last-minute errors or face penalties? However, the SSM still issued a waiver of late lodgement fee for those who submitted the Annual Returns within a period of 3 months which is soon expiring on September 30th 2025. Company Secretaries and secretarial teams now need to act swiftly. Late submissions can result in penalties and reputational risks.

Failing to file MBRS reports by the deadline may lead to: 

The key to ensuring timely and accurate filings?

Select a compliance tool that reduces your workload and eliminates manual errors.  Avoid these penalties by using a tool that ensures completeness and accuracy. 

Switch to IRIS Instant—your smart, reliable partner for MBRS compliance.