Continuing its mission to streamline the digital journey in the run up to the MTD VAT deadline, IRIS Accountancy Solutions is today launching IRIS Payments which aims to reduce the time accountancy businesses spend chasing clients for payment.
The launch responds to calls from accountants who want to radically decrease precious practice time tracking down payments. According to a new survey from IRIS, over 70% of respondents cite the time chasing payments to be one of the biggest burdens for accountancy practices.
The concept of offering a payment facility is not new, but the UK’s largest accountancy software provider believes that by incorporating the function into its client portal, IRIS OpenSpace, clients can pay for services when approving documents. IRIS OpenSpace is used by over 425,000 accountants and their clients, providing a simple and secure way for accountants and their clients to work together online.
IRIS Payments leverages IRIS Fees, enabling invoice payments to be requested as part of the daily workflow, as well as automatically updating the practice financials.
Sion Lewis, CEO of IRIS Accountancy Solutions explains, “The launch of IRIS Payments complements our vision to simplify the lives of accountants, making them more effective and more productive. Integrating a payment solution into the accountant’s client portal is a natural fit, as it is being used as part of the ongoing relationship. This is an opportunity for accountancy professionals to streamline their client experience and create additional efficiencies in the digital process.”
Simple and secure checkout can be completed from any device, and IRIS Payments supports major cards used by providers such as VISA, Mastercard and American Express. This removes the headache for accountants who want to process payments without the complexity of payment gateways, merchant bank accounts and PCI compliance. There is no set up fee, minimum spend or hidden charges, making the service quick and easy to start. Outsourcing payment also mitigates the risk for accountancy firms, as they are not collecting card information.
For further information about IRIS Payments visit: www.iris.co.uk/iris-payments
IRIS Accountancy Solutions exists to simplify the lives of accountants by making them more effective and more productive. Through its heritage of deep domain knowledge, breadth of product functionality and innovative use of technology, IRIS delivers best-in-class accountancy software solutions for use by every practice in the UK.
Accountants trust IRIS to help guide them and their clients through the once-in-a-generation, political, legislative, economic and social disruption in the UK accountancy industry, enabling them to transform their practice, represent their interests to the UK Government and legislative bodies and thrive in the new digital accountancy economy.
Approximately, 44% of all online submissions to HMRC and Companies House are made using IRIS software – the most efficient suite of integrated compliance, productivity and collaboration solutions for accountants to grow and evolve their practice.
IRIS Software Group
IRIS Accountancy Solutions is a division of IRIS Software Group, the largest privately-owned software supplier in the UK and one of the most trusted business-critical software and services providers in the UK today. Through its solutions, the group serves more than 80,000 SMEs, corporates, and payroll bureau customers across a wide range of UK industry sectors. IRIS Software Group offers the greatest range of specialist accountancy, financial management, human resource management and payroll solutions – delivered as a choice of integrated on-premise software and cloud-based applications. These are managed under the leading IRIS, PTP, KashFlow, Keytime, Taxfiler, Cascade, PS Financials, Results Squared, ParentMail, Star and Earnie product brands.
For more details visit iris.co.uk. or follow the brands on Twitter: @irisaccountants, @irispayroll, @kashflow, @keytime @CascadeHRMS, @PSFinancials, @ParentMail and @TaxfilerLtd.