FinTags helps Malaysian accounting firms simplify MBRS 2.0 compliance

By Puja Sharma

FinTags Sdn Bhd, Malaysia’s XBRL services provider, has introduced specialised XBRL solutions tailored for accounting firms navigating Malaysian Business Reporting System (MBRS 2.0). These solutions streamline compliance, enhance accuracy, and improve efficiency, enabling firms to manage multiple client filings with ease.

With the expansion of SSM’s mandatory XBRL reporting, accounting firms face a surge in filings. FinTags’ platform allows firms to scale their digital reporting services without compromising compliance or increasing staff hours.

“Accounting firms are at the frontline of MBRS 2.0, managing complex client submissions under strict deadlines,” said Shobika, Senior Manager of Customer Success at FinTags. “Our solutions transform this challenge into an opportunity by significantly reducing preparation time and rejection rates.”

 Key Features of FinTags’ XBRL Solutions

• Multi-Client Management Platform: A secure online Client Portal offers centralised control, role-based access, automated deadline tracking, and client-specific taxonomy mapping.
• XBRL Libraries: Over 250 pre-validated, industry-specific templates compatible with MFRS and MPERS taxonomies, reducing tagging time by up to 65%.
• White-Label Client Portal: Firms can offer branded XBRL services through customisable interfaces, enhancing their digital reporting capabilities.
• Bulk Discounting Structure: Volume-based pricing increases profitability as service demand grows.

Proven Results for Accounting Firms

“Before FinTags, each XBRL filing required 15-20 hours and multiple reviews,” said Lee Wei Tan, Managing Partner at a Kuala Lumpur accounting firm. “Now, we complete filings in 4-6 hours with zero rejections, turning compliance into a high-margin service.”

FinTags offers a specialised onboarding program that includes access to a secure online Client Portal, seamless workflow integration with existing accounting systems, and initial client portfolio setup with template creation. Additionally, the program provides dedicated account management along with regular regulatory updates to ensure compliance and operational efficiency.

“Accounting firms shouldn’t have to choose between scaling their XBRL practice and maintaining quality,” said Santhosh Wilson, Director – Service Delivery. “Our solutions ensure they achieve both.”