FinTag vs Tagging XBRL Manual: Perbandingan Lengkap

With SSM mandating XBRL filing for all Malaysian companies, you have three main options: do it manually, outsource to an agent, or use an AI-powered tool like FinTag.my. This article provides a detailed, honest comparison to help you choose the best approach for your situation.

Option 1: Manual XBRL Tagging (DIY)

How It Works

Manual XBRL tagging involves reading your financial statement PDF, identifying each financial line item, and mapping it to the correct SSMxT 2022 taxonomy element using spreadsheets or the SSM-provided tools. You then generate the XBRL instance document and package it for submission.

Pros

• No additional cost (if you value your time at RM0)
• Full control over every taxonomy mapping
• Deep understanding of the XBRL structure

Cons

• Takes 2-8 hours per filing depending on complexity
• Requires expert-level knowledge of SSMxT 2022 taxonomy
• High risk of human error in mapping hundreds of elements
• Must manually track taxonomy updates from SSM
• Not scalable — cannot efficiently handle 50+ clients

Option 2: Outsource to XBRL Agent

How It Works

You send your financial statement PDF to an XBRL service provider (agent), who handles the entire conversion process and returns the ready-to-submit XBRL file. Some agents also handle the SSM mPortal submission on your behalf.

Pros

• No XBRL knowledge required on your end
• Professional handling by experienced operators
• Some agents offer SSM submission service

Cons

• Expensive: RM500 - RM2,000 per filing
• Slow turnaround: 3-7 working days typically
• Quality varies significantly between agents
• Privacy concern: sharing client financial data with third parties
• Dependent on agent availability during peak filing season

Option 3: FinTag.my (AI-Powered)

How It Works

Upload your financial statement PDF to FinTag.my. The AI OCR engine reads the document, extracts all financial data with 99.2% accuracy, and automatically maps each item to the correct SSMxT 2022 taxonomy element. You review the extraction, make corrections if needed, and download the XBRL file — all in 5-15 minutes.

Pros

• Extremely fast: 5-15 minutes per filing
• Affordable: RM49.90 per filing (90% cheaper than agents)
• No XBRL knowledge required
• AI accuracy of 99.2% with manual review option
• Always up-to-date with latest SSMxT 2022 taxonomy
• Team workspace for audit firms managing multiple clients
• Data encrypted and secure — not shared with third parties
• Available 24/7 — no waiting for agent availability

Cons

• AI accuracy is 99.2%, not 100% — manual review recommended
• Requires internet connection
• Very complex or unusual financial statements may need more manual adjustment

Cost Comparison for 50 Clients

For an audit firm managing 50 SME clients per year:

• Manual: 50 × 4 jam = 200 hours of staff time (approx. RM10,000 in labor cost)
• Outsource: 50 × RM750 = RM37,500
• FinTag.my: 50 × RM49.90 = RM2,495 (savings of RM35,000+)

Our Recommendation

For most accountants, audit firms, and company secretaries in Malaysia, FinTag.my offers the best balance of speed, cost, and quality. The AI handles the tedious taxonomy mapping while you maintain full control through the review process. For firms managing multiple clients, the cost savings are substantial.