LONDON, May 15, 2024
/PRNewswire/ -- From the Accountex show in London, IRIS Software Group, a leading global
software provider of accounting, edtech, HR and payroll solutions,
today unveiled IRIS Elements Central Business Review, a new client
dashboard module for its IRIS Elements cloud software platform.
This module will help IRIS Elements users facilitate advisory
conversations with their clients and is available for demo for the
first time at IRIS' stand, 940, at Accountex.
Available in May 2024 for early
adopter customers, IRIS Elements Central Business Review is a
unified dashboard that leverages client accounting data to display
a range of key performance indicators (KPIs) and real-time updates.
With this dashboard, accountants will be better equipped to conduct
financial performance health checks with clients, reducing the time
spent switching between different bookkeeping tools, running ad hoc
reports, and referring to multiple spreadsheets.
Mark Chambers, Managing Director for
Accountancy at IRIS commented: "In today's age of rapid digital
transformation, clients are seeking quick, real-time insights and
advice from their accountant. With businesses generating increasing
amounts of financial data across disparate software systems, it's
more important than ever to invest in interoperability. At IRIS, we
want to ensure our Elements customers have access to consistent,
accurate data to meet, and exceed, these evolving client
expectations."
This module is made possible through IRIS' agile software design
and API architecture that extracts and transforms external data
from third-party applications and bookkeeping tools – allowing for
desktop and cloud applications to intelligently communicate back
and forth (bi-directionally) and synchronise data in real-time. The
first version of the module will provide full integration with
Xero, and future versions will be able to pull third-party data
from a wider ecosystem of vendors including all the major
bookkeeping products.
IRIS Elements is a cloud-based platform, so this new module will be
constantly enhanced and updated in real-time. This cloud
functionality also establishes a centralized hub of current and
historical data across various sources, allowing for improved data
quality, query performance and a comprehensive view of trends over
time.
Chambers continued: "The battleground for modern businesses is data
and IRIS is on a mission to help our customers stay future-facing
with cutting-edge technologies, such as machine learning, pattern
recognition, workflow inspection, and natural language processing.
We will continue to help our accountancy clients accelerate their
digital transformation journeys by exploring and integrating new
technologies with user experience and security top-of-mind."
Notes to editors:
IRIS Elements' Hybrid by Design brings together desktop and
cloud for a seamless experience, enabling accountancy customers to
cope with complex compliance tasks in one place, with one client
list between desktop a cloud. This is a distinctive technological
implementation, as it allows cloud and desktop to work together.
IRIS has developed specific bridging technology that keeps the two
systems synchronised at all times, providing customers with an
ability to stage their transition into the cloud.
In 2023, IRIS Elements won 'Cloud Innovation of the Year' at the
UK IT Industry Awards and 'Cloud Vendor of the Year' at the
Computing Cloud Excellence Awards.
About IRIS Software Group
IRIS Software Group is a global provider of mission critical
software and one of the UK's largest privately held software
companies. IRIS provides software solutions and services for
finance, HR and payroll teams, educational organizations, and
accountancy firms that takes the pain out of processes and lets
professionals focus on the work they love. Through simplifying,
automating and providing insights on everyday mission critical
tasks for organizations of all shapes and sizes, IRIS ensures
customers can look forward with certainty and confidence.
IRIS is the largest third-party online filer with the UK
Government. Ninety-three of the top 100 UK accountancy firms use
IRIS software. One in six of the UK's workforce is paid by IRIS
payroll offerings, and globally, six million employees receive
their payslip via IRIS software every month. More than 850,000 UK
employees are managed by IRIS HR solutions. Over 12,000 UK schools
and academies use IRIS, with four million parents and guardians
using IRIS apps to connect with their children's school; 300
million messages are delivered between schools and parents each
year, and over £15 million transactional payments are processed
every month. IRIS is certified as a Great Place to Work® and
recognized as one of The Times Top 50 Employers for Gender Equality
in 2023. IRIS is also recognized as one of the Best Workplaces for
Wellbeing, one of the Best Workplaces in Tech and one of the Best
Workplaces for Women.
To see how IRIS helps organisations get things right first time,
every time, visit www.iris.co.uk or follow IRIS Software Group
on LinkedIn, Twitter and Instagram.
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