IRIS INSTANT 2.0: AI-Powered MBRS 2.0 Filing Software for Malaysian Company Secretaries

For Company Secretaries in Malaysia, 1 June 2025 marked the final phase of SSM’s MBRS 2.0 rollout, completing the country’s transition to mandatory XBRL-based digital filing for applicable statutory submissions. Since then, statutory filing workflows have fundamentally changed. With MBRS 2.0 now the required framework for submitting audited financial statements to the Companies Commission of Malaysia (SSM), digital compliance is no longer optional – it is the standard.  

With over 1.6 million registered companies in Malaysia, every applicable entity filing audited financial statements with SSM must now do so through the MBRS platform in XBRL format. From Sdn Bhd and Bhd entities to foreign companies and institutions regulated by Bank Negara Malaysia, the entire corporate ecosystem is now aligned to a single digital compliance framework.  

For Company Secretary practices managing dozens – or hundreds – of client filings simultaneously, this is not just a compliance issue – it’s operational chaos.   

The traditional Excel-based approach to XBRL tagging through SSM’s mTool is not scalable.  

However, there is a faster, better, smarter way of reporting, using AI-based MBRS 2.0 tagging platform.

INSTANT 2.0 is built exclusively for MBRS 2.0 compliance and backed by a powerful, intelligent AI engine.  

The all-new INSTANT 2.0 is the one-stop MBRS 2.0 filing software that transforms how your firm handles SSM XBRL submission – from upload to validated XBRL package in hours, not days.

Often company secretaries underestimate what MBRS compliance requires. It’s not simply exporting your financials to a spreadsheet and clicking submit. XBRL is a structured digital reporting language that powers XBRL Malaysia compliance. That taxonomy is extensive. MBRS 2.0 introduced, stricter validation rules, an updated taxonomy aligned to MFRS and MPERS, and mandatory digital workflows – driving the need for smarter, more efficient MBRS 2.0 filing solutions.  

The most common MBRS filing mistakes include: 

• Numerical mismatches
• Incorrect XBRL tagging
• Missing mandatory context
• Untagged sections
• Comparative mismatches

Every rejected submission increases risk, making MBRS filing automation critical for handling multiple engagements.

IRIS INSTANT 2.0 is not a new entrant to Malaysian compliance. IRIS RegTech was instrumental in developing the MBRS platform itself, co-creating the SSM Taxonomy for Financial Statements in partnership with SSM, and powering the validation engine behind SSM’s own mTool and mPortal. The same XII-certified XBRL validation technology that SSM relies on is the engine inside IRIS INSTANT.  

IRIS INSTANT 2.0 is not just another solution – it is the next-generation AI-powered MBRS 2.0 filing platform. Version 2.0 – launched in May 2026 – is a major release. It delivers a simplified filing workflow, an upgraded AI XBRL tagging process, expanded MBRS filing automation, and a suite of new features that fundamentally change how comparative period data, file collaboration, and filing history management work.   

Here is what makes IRIS INSTANT 2.0 the most complete MBRS 2.0 filing software available today. 

 Step 1 – Upload Your Financial Statement PDF  

Log in to https://web.irisinstant.ai and upload your client’s financial statement directly from the Dashboard. Select the mandate type and the type of submission (MFRS or MPERS)- supporting MBRS 2.0 compliance for Sdn Bhd. No separate scoping form. No navigation maze. One screen, one upload, and ready to go.  

Step 2 – AI Processing  

The moment your PDF is uploaded, the AI engine gets to work. It reads every page, extracts every financial figure, and maps each data point to the correct SSM Taxonomy concept. No manual tagging. No spreadsheet. No taxonomy expertise required. The AI handles concept mapping across the Statement of Financial Position, Statement of Profit or Loss, Statement of Cash Flows, and all face financial statements and extract narrative information. 

Step 3 – Review in the Webform  

Once AI processing is complete, you access the interactive Webform – a structured, editable view of your entire filing. Here you can review AI-extracted values, cross-verify them against the source PDF with a double-click (the original PDF page opens inline), edit any figures, add footnotes, and use Auto Calculation to have subtotals and totals recalculated in real time. The Webform is where your professional judgment is applied, – not on manual data entry.  

Step 4 – Upload Previous Year XML (New in 2.0)  

For filings that include comparative period data, you can now upload the official XBRL XML from the prior SSM submission directly into the Webform. The system runs five automated validation checks – company registration number, reporting period, currency, consolidated/standalone status, and taxonomy version – and then populates all previous year columns with verified, auditable historical data. This eliminates the risk of AI-inferred comparative figures and creates a fully traceable audit trail back to your official SSM filing.  

Step 5 – Validate  

 The built-in Validation Engine checks every single data point against SSM Taxonomy rules before producing any output once you hit the Generate button. If errors exist, they are flagged with precise navigation directly to the problem cell. No XBRL package is generated until every validation error is resolved. This is your compliance gate, – ensuring what you submit to SSM is exactly what SSM expects.  

Step 6 – Generate, Download, and Submit Once validation is clean, your XBRL ZIP package is generated in seconds. Download it from IRIS INSTANT 2.0 and upload it manually to the SSM mPortal. You can also download a direct PDF Review Copy of your filing for client sign-off and export the filing data as JSON for your internal records, audit trail, or integration with other systems.  

Total time from PDF upload to ready-to-submit XBRL package: a few hours.  

1 Previous Year XML Upload

This is the most impactful new feature in Version 2.0 and addresses one of the most significant accuracy risks in any MBRS 2.0 filing that includes comparative periods.

In Version 1.0, previous year (PY) figures in the Webform were populated entirely by AI extraction from the current year’s PDF. When a financial statement includes last year’s comparative numbers, the AI reads them – but “reading from a PDF” is not the same as “sourcing from the official SSM-accepted submission.” Figures may differ due to restatements, rounding, corrections, or taxonomy changes, creating a risk of discrepancy between your current filing’s PY column and what SSM already holds on record.

Version 2.0 eliminates this problem entirely. You now supply the .xml file from the prior period’s SSM submission. IRIS INSTANT 2.0 runs five content validation checks automatically[ Iif any check fails (wrong entity, wrong period, wrong currency), the XML is rejected before any data is written. If all checks pass, every relevant PY column is overwritten with the verified, previously submitted data. The source is your official SSM record – not AI inference.

Key capabilities: 

• All five validation checks run before any data is written 

• All XML-populated PY fields remain manually editable for last-mile adjustments 

• Re-upload a corrected XML at any time to overwrite all previous values cleanly 

• Footnotes are preserved and remain editable after XML population 

• PY cells populated from XML do not trigger the PDF bounding box (by design – the source is XML, not PDF)

For audit-ready filings and for firms that need to stand behind the accuracy of their comparative period data, this feature is not a nice-to-have. It is essential.  

2 File Sharing and Collaboration

MBRS 2.0 filings are rarely solo projects. A preparer processes the initial filing. A reviewer checks the figures. A manager approves. A CoSec submits. In Version 1.0, this workflow required workarounds – downloading files, emailing, and manually tracking versions. That is gone in Version 2.0.  

The new File Sharing feature allows any user to share a specific filing with any registered IRIS INSTANT user directly from the Filing History action menu. The recipient receives an email notification with the file name, Request ID, and upload timestamp. Full sharing history – with timestamps – is logged within the platform. Shared files are protected: recipients cannot delete a file shared with them, preventing accidental data loss mid-review.  

3 Filing History Action Menu

In Version 1.0, managing filings in the history list required navigating into each record individually to access actions. In Version 2.0, a consolidated Action Menu appears per file row in the Filing History – putting every relevant action within a single click:

• View Webform 

• Edit Filing 

• Download XBRL ZIP Package (for SSM submission) 

• Download JSON Export (for integrations, audit trail, or archiving) 

• Share File 

• View Errors (when status is Validation Error) 

• Delete Filing (Admin or file owner only)

For firms managing dozens of active filings at once, this consolidation alone represents meaningful time savings per filing cycle.  

4 Show Filter in Filing History 

When you are managing a portfolio of clients with different financial year-ends, mandate types, and processing stages, scrolling through an unfiltered list is not practical. Version 2.0 introduces a Show Filter in Filing History that allows you to filter by file status, date range, company name, and mandate type (MFRS/MPERS) – returning exactly the filings you need immediately.

5 JSON Download Export

Every filing in IRIS INSTANT 2.0 can now be exported as a structured JSON file. This is brand new in Version 2.0 and opens up significant workflow possibilities:

• Integration with accounting or ERP systems 

• Internal audit trail documentation 

• Long-term digital archiving in a machine-readable format 

• Downstream processing or regulatory reconciliation 

For enterprise clients and larger firms building compliance workflows that extend beyond SSM submission, JSON export is the data bridge that makes IRIS INSTANT 2.0 part of a broader digital ecosystem.

6 Direct PDF Review Copy 

In Version 1.0, the Review Copy of a filing was generated as an HTML file – requiring users to manually print-to-PDF using Ctrl+P before it was in a shareable format. Version 2.0 generates the Review Copy as a direct PDF download. One click from the three-dot menu in the Webform. Immediately shareable with clients, directors, or auditors. No conversion step. No formatting inconsistency.

7 SSO Login

Version 2.0 introduces Microsoft SSO (Single Sign-On) login. Users can authenticate directly with their Microsoft account – eliminating separate credential management and reducing onboarding friction for firms already on Microsoft 365. 

8 OTP-Based Password Reset 

The old security question approach to password reset has been removed. Version 2.0 uses OTP (One-Time Password) email verification – a streamlined, secure 8-step reset flow that aligns with modern authentication standards and removes the frustration of forgotten security answers.

MBRS 2.0 is not going away. The mandate is permanent, the deadlines are real, and the penalties for non-compliance are material. The question is not whether to comply – it is how to file MBRS 2.0 Malaysia efficiently, accurately, and at scale.   

IRIS INSTANT 2.0 is the best XBRL software for company secretaries Malaysia and the answer that CoSec community has been waiting for. AI XBRL tagging that eliminates manual effort. A Validation Engine that guarantees SSM Taxonomy XBRL compliance before submission. Previous Year XML Upload that makes comparative period data auditable and accurate. File Sharing that supports team workflows. And the institutional authority of the organization that built the MBRS platform itself. 

IRIS INSTANT 2.0 brings AI-powered tagging, built-in SSM-standard validation, collaborative review, and a three-step filing process to auditing firms across Malaysia. Whether you’re handling 10 filings or 300, the platform scales with your practice.