IRIS Analytics

IRIS Analytics

A powerful, cloud-based analytics and decision-making tool for partners and managers in accountancy practices.

  • Comprehensive insight into business performance through detailed dashboards
  • Easy to read graphics illustrating IRIS practice data 
  • Filter the data and drilldown for detailed analysis. 
  • Gain better understanding, uncover weaknesses and take appropriate action
  • Fully integrated with the IRIS Accountancy Suite 

 



The Challenge

Many accountancy partners currently lack the tools to easily assess and monitor their firm’s performance. They need this insight to help them make informed decisions to improve efficiency and ensure their practice runs smoothly. IRIS Analytics arms partners with this key information in a quick and easy to view format, all in one place. Without this insight into key financial, operational and productivity KPIs, partners may miss vital information, leaving them unable to respond.

 

The Solution

IRIS Analytics provides a complete insight into the practice KPIs and main drivers. It displays reports in a series of dashboards for easy analysis and comparison, enabling users to drill down and explore any issues or anomalies. It helps accountancy practices to assess year-on-year performance, identify which clients are most profitable, which services provide the best returns, and, where appropriate, evaluate team performance. Having easy access to accurate, up-to-date information also contributes to better business planning. IRIS Analytics helps identify potential profit areas for expansion, set realistic budgets, ensure prompt actions over outstanding debt and manage staff performance.

 


Benefits of IRIS Analytics

IRIS Analytics is ideal solution for accountants in practice to get a complete insight into the practice KPIs and main drivers. It provides details of how the business is performing at any moment and helps managers to make better informed decisions to drive efficiency and keep business on track. Business leaders have access to their historical data allowing them to understand long term trends, their position today and make plans for the future.

 

Comprehensive insight 

IRIS Analytics provides business leaders a better understanding of their business performance through the detailed dashboards, KPIs and main drivers. The data is acquired through the IRIS Time & Fees and IRIS Practice Management modules.

IRIS Analytics uniquely combines our knowledge of the IRIS data with our in-house BI expertise, which delivers best out of the box analytics for IRIS for accountancy practices partners


                                                             



Access business critical information

Many business leaders find themselves ‘drowning in data’. With so much data available it can be difficult to create order and extract the appropriate information. IRIS Analytics structures the data into easy to use dashboards with the ability to drill-down into the details if required.

Partners can now understand who are their most profitable clients, comprehend new client gains and attrition rates and take action to minimise business impact.



Graphical representation

To make complex information more easily comprehensible IRIS Analytics presents the information graphically. The graphs are shown alongside and provide extra interactivity by allowing you to dynamically filter the detailed reports data  which helps getting a deeper insight and prompting better decision making.

Solutions can be easily bespoken to add further custom dashboards and combined with other data sources to provide broader and deeper scope of analysis  

                                                      


IRIS OpenSpace helps you work closer and more intuitively with your clients. 
You can upload, store and approve documents online. It's in 'The Cloud' so it's always accessible from any location, 
and it's fully integrated into the IRIS Accountancy Suite making it quick and easy to use.
You can store as much as you like, for as long as you like. 
If you are a UK based accountancy business we will even give you 1GB of free storage to get you started.
Additional space can easily be purchased from as little as £5 per GB per month or get a 15% discount 
for an annual subscription to 10GB by clicking the web store link above.

IRIS Analytics provides instant answers to critical questions such as:

 

  • Who are our most/least profitable clients?
  • What is the outstanding debt and work in progress (WIP)?
  • What is the breakdown of outstanding WIP across client partners, job types and clients?
  • What is the budget performance and fee performance of a particular member of staff?
  • How do partners’ performances compare against each other?
  • What are the changes to the clients’ stats over time and how does it impact on the value of the client base?
  • What progress are we making with our current workload and whats’ still outstanding?
  • How are we spending our time and how much of it is chargeable?

 


 


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