[UK] IRIS launches practice management platform

The global accountancy, HR, payroll, and education software provider IRIS Software Group (IRIS) has announced the launch of IRIS Firm Management (IFM).

The next-generation practice management platform has reportedly been purpose-built for mid-to-large UK accounting firms.

According to IRIS, IFM unites practice management, time and billing, WIP management, and financial reporting into a single integrated solution. It gives practice leaders real-time visibility into utilisation, capacity, scope creep and margin erosion, with workflows designed to reduce admin burden, enabling senior team members to focus on high-value work. 

The company says firms using IFM have reported up to 25 per cent reduction in write-offs and reclaimed two to four hours per person per week from billing admin.

The majority of practice management tools were reportedly built for compliance, not commercial performance. IRIS says that IFM bridges that gap, acting as a financial control layer on top of compliance software.

Jonathan Priestley - General Manager, Global Accountancy Solutions and Transformation - said, "Accountancy practices are at an inflection point and the firms that will grow are those that can turn their operational data into commercial decisions. IFM is a demonstration of our long-term commitment to UK accountants - we've listened, we understand the pressures they face, and we've built a solution that will scale alongside them as they grow. The accounting profession underpins businesses right across the UK economy, and these firms deserve technology that matches the vital role they play."

Source: Press Release Hub

(Quote via original reporting)

The global accountancy, HR, payroll, and education software provider IRIS Software Group (IRIS) has announced the launch of IRIS Firm Management (IFM).

The next-generation practice management platform has reportedly been purpose-built for mid-to-large UK accounting firms.

According to IRIS, IFM unites practice management, time and billing, WIP management, and financial reporting into a single integrated solution. It gives practice leaders real-time visibility into utilisation, capacity, scope creep and margin erosion, with workflows designed to reduce admin burden, enabling senior team members to focus on high-value work. 

The company says firms using IFM have reported up to 25 per cent reduction in write-offs and reclaimed two to four hours per person per week from billing admin.

The majority of practice management tools were reportedly built for compliance, not commercial performance. IRIS says that IFM bridges that gap, acting as a financial control layer on top of compliance software.

Jonathan Priestley - General Manager, Global Accountancy Solutions and Transformation - said, "Accountancy practices are at an inflection point and the firms that will grow are those that can turn their operational data into commercial decisions. IFM is a demonstration of our long-term commitment to UK accountants - we've listened, we understand the pressures they face, and we've built a solution that will scale alongside them as they grow. The accounting profession underpins businesses right across the UK economy, and these firms deserve technology that matches the vital role they play."

Source: Press Release Hub

(Quote via original reporting)