IRIS reveals ground-breaking new platform set to transform accountancy practices

IRIS reveals ground-breaking new platform set to transform accountancy practices
19.09.2019 01:16 pm

IRIS reveals ground-breaking new platform set to transform accountancy practices

Platform Technology , Financial

The largest provider of accountancy software in the UK, IRIS Software Group, has today unveiled the first incarnation of its new software platform which is set to transform how accountants work.

The next generation adaptive platform will connect client data to the heart of the workflow and integrate a rich inventory of solutions and services. This allows practices to adopt at their own pace through an ecosystem of coexisting desktop, cloud and third-party apps.

JF Sullivan, chief product officer at IRIS Software Group, said: “Accountants are at a tipping point. They face significant developments in the industry driven by the increasing commoditisation of standard compliance services and the changing technology needs of their clients.  They want to evolve into trusted business advisors but this shift can only be achieved if the tools and technology they use supports the change.”

“IRIS Elements frees accountants from non-billable work.  Growth opportunities can be exploited by adding new apps and functionality as the needs of their business evolve. And client data can be mined to provide insight and inform decision making on their clients’ behalf.”

Based in the cloud, IRIS Elements, will automate many compliance tasks, easily synching with other services to instantly check Companies House data, for example, or cross-check identity documentation at the touch of a button.

Included in the first phase of IRIS Elements, unveiled today, is the Anti-Money Laundering (AML) module. This automatically runs eight separate checks including identity validation, electoral roll check and sanctions screening with results available in seconds, making it simple to validate a person’s identity, one of the core tasks accountants perform. Enabling compliance checks to happen in real-time as part of an automated workflow, will help accountants combat fraud and onboard customers from the first meeting so they have more time to focus on the consultancy aspects of their role.

Future modules will take advantage of advanced technologies such as machine learning and AI.  The full development roadmap for IRIS Elements will be agreed in partnership with its 21,000 customers, focusing on the modules most accountancy practices want first.


Related News

Colt Launches Internet Access On Demand in Singapore

Colt Technology Services has extended ‘on demand’ capability to its premium business internet... Read more »

The Bank of East Asia Starts Using the New Hosted and Managed Horizon Platform for Market-Making Warrants

Horizon Software, the world’s leading SaaS provider of electronic trading solutions and algorithmic technology, announced that The Bank of East Asia,... Read more »

EQ launches CheckSafe

EQ, an international technology-led services and payments specialist, is pleased to announce the launch of its new employee background checking platform,... Read more »

Mastercard rolls out new business intelligence platform for European banks

Mastercard today announced the launch of Market Trends, an interactive platform providing a comprehensive view of payments insights, competitive intelligence... Read more »

Mphasis Digital Risk leverages Mendix low-code platform to enable fast, effective digitalization for the financial services industry

Mendix, a Siemens business and the global leader in enterprise low-code, today announced that... Read more »

Twenty7Tec Group signs agreement with Primis

Twenty7Tec, a leading provider of technology solutions to the mortgage industry, today announces that it has entered into a five-year agreement to provide its... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel