30 Oct 2013

IRIS drives increased time & cost savings for accountancy practices with latest version of flagship accountancy suite

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IRIS World 2013, the annual conference series for the UK’s accountancy sector, has swung into action with a presentation from tax expert, Mike Warburton of chartered accountants Grant Thornton. Free to attend, the event, at London’s Twickenham Stadium, was specifically designed to inform and update accountancy practices across the UK on the latest developments in the market.  
Keynote speaker, Warburton gave an illuminating summary of some of the main tax changes and tax cases over the past twelve months in the UK including the General Anti-Abuse Rule (GAAR); Statutory Residence and key changes in the Finance Act. He also outlined some planning ideas on Entrepreneur's Relief.     
Following the Twickenham event, the IRIS World conference series will visit the Ricoh Arena, Coventry (9 October); Salford City Stadium, Manchester (15 October) and Macdonald Inchyra Hotel, Falkirk, Scotland (23 October). This year’s conference series is expected to attract over 1,000 accountancy professionals, looking for the latest updates on technology, innovation and compliance.
New IRIS software solutions  
Phill Robinson, CEO of IRIS Software Group, the UK market leader in accountancy and payroll software, also gave a morning keynote highlighting new products and new software functionality introduced by IRIS over the past 12 months. He focused on the growing portfolio of cloud-based accountancy solutions and growing base of over 40,000 end-users choosing to work in the cloud. 
Highlights included the introduction of: 
IRIS Practice Dashboards – Instant graphical snapshots of key performance indicators (KPIs) direct from the IRIS integrated database; 
IRIS OpenWebsite - Takes the effort out of developing and managing an effective website for an accountancy practice;
IRIS OpenTax - the UKs first professional personal, partnership and corporation tax return application for accountancy firms delivered as a service over the web;
IRIS OpenAudit - Cloud-based financial audit solution, applying the market leading Mercia methodology for a wide range of business entities. 
Robinson also explored key new capabilities that IRIS has added to other applications including: IRIS OpenSpace e-Approval; IRIS OpenSpace/IRIS Docs integration and IRIS Client Dashboards. In addition, he focused on integration, the foundation of IRIS accountancy software and explained how this approach is applied to every product the company’s designs and releases.
 
Robinson’s presentation updated delegates on the functionality of the company’s upcoming IRIS  release v11.3, including details of new accountancy-specific, taxation and practice development functionality including accounts production for academies. This was followed by an ‘IRIS in Practice’ session, detailing the added value that accountancy practices can access directly by working with IRIS.
In-depth consultancy
The afternoon featured breakout sessions on topics including the IRIS future compliance roadmap and tips on making the most of the IRIS accountancy software, alongside detailed expert advice on areas such as how to “Transform auditing with the cloud”; “How to increase practice efficiency for the tax season and beyond”, “Maximising data and reporting in your practice”; and “How to market your practice online and win new clients.” The day concluded with a section, entitled Cloud computing and accountancy, with sessions devoted to: “leveraging the benefits of cloud alongside desktop applications” and “revolutionising the client accountant relationship with cloud bookkeeping.    
According to Robinson, “In line with our own strategic focus on enabling practices to successfully  navigate the changing accountancy landscape, IRIS World is packed full of useful ideas and information to help take advantage of the latest technological breakthroughs and drive enhanced profitability and competitive edge. It’s a must attend event for any forward-thinking practice.”  
To register for forthcoming events or for more details about IRIS World 2013 visit www.iris.co.uk/irisworld

New release includes support for academies and extends seamless desktop-to-cloud integration.

IRIS Software Group, the UK market leader in accountancy and payroll software, has announced the latest version of its award-winning integrated solution for accountancy practices.

Available from today, IRIS Accountancy Suite v11.3 introduces a range of new capabilities designed to enhance efficiency. These include further integration with its leading range of cloud based IRIS OpenApps solutions, such as IRIS OpenSpace, its leading document exchange and e-Approval system and IRIS OpenAudit for financial auditing from the cloud.

The new release also supports the preparation of final accounts for academies, ensures full compliance with the latest legislation for UK GAAP and IFRS, and includes improvements to the business tax client accounts area.

Following a successful trial of the new functionality Richard Graham, IT Manager at A C Mole & Sons, said:

“The latest release looks really exciting with improved search functionality within the client browser. I’m particularly excited by the development in IRIS OpenSpace; it’s really bringing the cloud and desktop together. The ability to request approval of tax returns or sets of accounts directly from the IRIS Accountancy Suite as part of our day-to-day working will boost productivity considerably.”

Phill Robinson, CEO of IRIS, said:

“IRIS solutions for accountants are founded on the principle of capturing information once and making that information available to every module in the suite and every member of the practice, In releasing this latest version, we have continued with this approach and further developed integrations with the growing range of cloud-based IRIS OpenApps, concentrating on updates that provide time savings for users while enabling them to drive efficiencies and deliver better service to their clients.”

New capabilities in the spotlight

Academy accounts - This new functionality ensures practitioners can produce final accounts for the UK’s burgeoning list of academies without needing to use any third party software. Complementary to this, IRIS OpenAudit has recently been updated to cater for academies as well, allowing IRIS customers access to a comprehensive solution tailored to the needs of their academy clients.

Enhanced tax capabilities – The new software release also features new functionality specifically designed to enhance the tax capabilities of accountancy practices. These include improvements to IRIS Business Tax client accounts and the ability to build a consistent user interface to the IRIS Business Tax and IRIS Trust Tax applications.

Integration between IRIS Accounts Production and IRIS OpenAudit - The new functionality within v11.3 allows auditors to automatically upload client data and trial balance details into IRIS OpenAudit, the UK’s first cloud-based audit solution. This eliminates the need to re-key data manually, thereby saving time and reducing the risk of transposition errors

IRIS Practice Dashboards version 2 - IRIS Practice Dashboards provide an accurate, live reflection of how a practice is performing at any moment. It replaces the time-consuming task of manually inputting data into spreadsheets with an instant graphical snapshot of key performance indicators (KPIs). With v11.3, this functionality is integrated within the IRIS Accountancy Suite and is available as a tab within IRIS OpenPortal.

Client Dashboards – This module provides users with summary information of their client-base directly from within the IRIS OpenPortal, and now v11.3 enhances this capability by integrating with IRIS OpenSpace. Simply ‘drag and drop’ documents into the Client Dashboards area which are then sent to the client for e-Approval.

Alongside this, IRIS Accountancy Suite v11.3 also introduces a range of new capabilities specifically designed to deliver enhanced ease of use for accountancy practice customers. With the new version, there is, for example, simplified product licensing and an interactive search option in the client browser. When searching for a client in the database the list will filter dynamically displaying the clients that match the text entered in to the search field.

All IRIS customers can take advantage of a free online webinar outlining all of the new functionality, which can then be further supplemented by our range of on-site, remote and e-learning training to ensure they are making the most of their solution.

IRIS OpenPortal

What's new in IRIS v11.3

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