Accountants, automate your way to success with IRIS Elements!

Did you know 86% of accountants believe technology will help significantly grow and support their practices over the next few years?

It’s safe to say the power of software is at the top of the industry’s mind.

So, despite the attitude towards the benefits of technology, why are many accountants still hesitant to adopt new tools?

Our theory: the fear of the unknown.

In a fast-paced world, knowing where to start is tough.

Which teams would benefit the most from new technology? What should be streamlined first? How would software impact the actual day-to-day of people? How does automation actually work? With the current state of the economy, is now really the right time to try new tech?

These are only a few of the questions circling the minds of accountants, creating analysis paralysis.

Let’s put some of these questions to rest.

Resisting change

Economic uncertainty still looms over most businesses, and accountancy firms are no exception.

Our research shows 60% of accountants report struggling to automate admin-related tasks due to budget holders’ apprehension about investing in technology.

The initial cost of investing in new tech can feel daunting and begs the question: is it worth it?

Well, if you consider that resistance to innovative technology may hinder your success, then yes.

Open-minded firms can reap the many benefits of automation software.

Think of it this way, when the manual work is all done for you, there’s more time to focus on value-adding tasks which help grow your business.

Time is money!

For an accountant, time is everything.

As the industry wrestles with a longstanding talent shortage, accountants are stretched thin between standard compliance work and value-adding services.

The reality is that staffing shortages aren’t easing up either, with a 36% drop in the number of accounting applicants between 2021 and 2022.

Accountants must ensure their specific needs are met so they can prioritise their customers, business and time.

Enter software automation.

The right software frees up accountants’ time by automating admin-heavy processes and ultimately streamlining workflows so they can reallocate their time where they see fit.

So how do you know which software is right for your firm?

Embracing IRIS Elements

In an ideal world, accountants would spend their time focusing on what matters most – the clients.

With the right software at your fingertips, this can be a reality.

That’s where IRIS Elements comes in.

Innovative, flexible and cloud-based, IRIS Elements is a fast-growing platform designed to maximise efficiency.

IRIS Elements features rich automation, freeing you from the long hours of excessive admin and enabling you to focus on higher-value work + less admin-based work also increases job satisfaction helping retain staff while also making you a more attractive employer.

Whether you’re a sole practitioner or a larger firm, IRIS Elements has a variety of offerings which enable you to provide the best service possible.

Embracing a transformative platform such as IRIS Elements empowers accountants to spend their time delivering results and growing their firms.