New IRIS Education products for 2020
As part of the IRIS Education family, we’re always looking for new ways to improve MAT office productivity and efficiency. That’s why we’re proud to announce two new products to our early 2020 line-up.
These systems stand to revolutionise the way schools approach everyday administrative tasks. Software providers often talk about saving schools money and reducing workload, but these new products actually achieve this for all schools and trusts – and on a staggering level.
IRIS Invoice Matcher
Our new machine learning algorithm can match invoices for you with no human intervention required. Large trusts can spend hours every week matching invoices – instead, that administrative time can now be put to better use.
Because all invoices are processed digitally, users gain access to detailed reports, enabling you to view your invoicing process at a granular level.
Getting the system up to speed is easy, as IRIS Invoice Matcher recognises thousands of suppliers out-of-the-box, with the ability to learn new invoices on the fly. This also means you can rely on the accuracy of your invoice matching. In addition, when compared to human processors, it’s up to 71% faster and 80% cheaper, so there’s no reason not to become an early adopter!
IRIS Financial Planner
Our new budgeting system can provide long-term financial plans up to five years in advance. This is perfect for five-year returns and planning future budget scenarios.
You can even add analysis tags for departmental or project-based costs. Our MAT customers make great use of this feature to produce detailed plans and reports on school expenditure, which governing bodies love.
School admin staff are stretched for time, which is why the ability to create and copy unlimited budget scenarios from one year to the next is invaluable. In fact, any school administrator can tell you how time-consuming it is to accurately calculate the cost of school staff contracts, let alone staff contracts across an entire MAT. That’s why IRIS Financial Planner includes full employer costing with maternity, national insurance and pension contributions baked into it.
We’re excited for what 2020 has in store and will have many more developments to share with you throughout the year! The best way to stay up to date is to sign up to the IRIS Financials newsletter.