IRIS Financials…but smarter
At IRIS, we focus on making the lives of our customers easier. This means you can spend more time, energy, and budget supporting outcomes for students.
We also listen to our customers. We capture feedback from our support desk, we host regular user group meetings, and we are always open to comments. We also often talk to the ESFA and the DfE and keep an eye on tech trends from other industries. This information gets passed to our product team, who use it to develop and improve IRIS Financials. School and trust finance doesn’t stand still, and nor should your finance system.
IRIS Financials Version 7 brings new features that streamline administration. We've listened to common frustrations and fixed these, and we've taken steps to reduce fraud risk.
Take a look at Version 7 in action
Product expert Andy Finck runs through some of the key new features in IRIS Financials Version 7.
What’s new in Version 7?
Here are some of the new features available in IRIS Financials Version 7
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Create payment profiles that hold transaction and posting criteria. Get a helping hand from the wizard, which will guide you through the process. Apply spending limits and cut the risk of going over budget.
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View user security in one area within the core accounting module. Set up new users with inherited permissions in an instant.
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Choose which users have permission to amend bank details and payment terms, and which can only view these.
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Approvers can now authorise payments directly in the system – no more printing required!
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View and make changes to the automated results. Amend cashbook entries and post journals without leaving the reconciliation screen and get a summary for easy review.
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Save time by cancelling payments instead of reversing out with a refund.
A better experience
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See more
With all available modules visible from any page, it’s much easier to get around. The new tracking pane in purchase invoicing keeps track of recent documents for you.
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Multitask easily
Access reports, dashboards and web pages via homepage tabs, and view them side-by-side in Financials. Tab between ledgers without closing them, for easy comparison.
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Work faster
Accounts, cost centres, analysis fields and security fields can now all be copied, reducing the risk of error. Enquiry history is saved automatically.
Some of our newest and future developments will only run using the core technology in Version 7. Upgrade now so that you benefit from the latest features as they become available, including:
- New user wizard to make user creation and management much easier
- Reduce the risk of fraud or errors with open banking payee confirmation to automatically check payee details
And with Version 7’s in-product notifications, you’ll know as soon as features are released.
What do you get with IRIS Financials Version 7?
See how Version 7 compares with previous versions of IRIS Financials.
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IRIS Financials v4
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IRIS Financials v6
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IRIS Financials v7
| Security | |||
|---|---|---|---|
| Create and manage users in Accounting |  | |  |
| Navigation | |||
|---|---|---|---|
| Pin applications to Accounting home page | | | |
| Open multiple ledgers and screens simultaneously | | | |
| Create shortcuts to quickly navigate | | | |
| In-product notifications when new features are added | | | |
| Payments | |||
|---|---|---|---|
| Apply value limit to restrict spending | | | |
| Payment run approvals | | | |
| Administration | |||
|---|---|---|---|
| User management | | | Coming soon |
| e-procurement | |||
|---|---|---|---|
| Punchout to Amazon Business | | Coming soon to PS Purchasing | Coming soon to PS Purchasing |
| Bank rec | |||
|---|---|---|---|
| Automatically flag potential matches | | | |
| Integration | |||
|---|---|---|---|
| Built-in APIs | | | |
| Rules | |||
|---|---|---|---|
| Cancellation reversal rule | | | |
| Nominal | |||
|---|---|---|---|
| DfE Academies Chart of Accounts and API | | | |
| Reporting | |||
|---|---|---|---|
| Integration with IRIS Central | | | |
| Report history | | | |
| ESFA reporting (BFR) | | | |
| Making Tax Digital | | | |