Member Article

AccountsIQ and IRIS Software Group announce strategic partnership

London, UK –7th August 2024: AccountsIQ, a leading provider of fully cloud-based accounting software, and IRIS Software Group (IRIS), a global leader in accounting, edtech, and human capital management solutions, today announced a partnership to provide an integrated suite of cloud-based payroll, HR and finance solutions that empower businesses to streamline operations, facilitate cross-departmental collaboration, and help make data-driven decisions with powerful business intelligence insights.

Building on their existing six-year partnership history AccountsIQ’s cloud-based financial platform is now available to IRIS Cascade and Staffology customers through the IRIS HR Marketplace.

This end-to-end integration can be implemented in six weeks or less, and provides businesses with a seamless, cloud-based suite of payroll, HR and finance solutions that cover the entire employee lifecycle, enhance operational efficiencies, and deliver powerful business intelligence insights. Key features include:

●      Real-time views of financial performance. Intuitive dashboards provide detailed data analysis and performance insights to help businesses make informed, data-driven decisions and quickly adapt to changing financial landscapes.

●      Simplified regulatory compliance. With easy-to-manage VAT returns, corporate tax filings, and Companies House submissions, businesses are well-positioned to meet all current – and future – regulatory requirements.

●      Greater accuracy with streamlined operations and approvals. By integrating payment authorisations and invoice approvals into a single system, businesses can benefit from reduced manual data entry, simpler multi-currency transactions, consistent and accurate data across functions, and reinforced financial governance.

●      Comprehensive budget management. With full audit trails offering superior cost control and performance oversight, it’s easy to authorise payments and invoices and manage and consolidate invoices across multiple entities.

Steve Allen, Financial Director at IFX, said: “The year before last we experienced 110% growth. We could not have done that without AccountsIQ. If we were still on Sage 50, we would have collapsed or at the very least needed a much bigger finance team.”

AccountsIQ and IRIS already have a successful track record of collaboration since 2018 in other sectors and are bringing that experience to HR and Payroll customers.

Stephanie Coward, Managing Director of HCM at IRIS, commented: “We are thrilled to welcome AccountsIQ to IRIS' HR Marketplace as a strategic partner. In today's fast-paced workforce, HR and payroll professionals are seeking cloud technology that simplifies workflows and maintains compliance across multiple countries and regions. With the AccountsIQ offering, our customers will gain access to a fully integrated, cloud-based suite of payroll, HR and finance solutions to help them save time, improve cost control and profitability. We look forward to broadening this partnership in the coming months."

Tony Connolly, founder and CEO at AccountsIQ, added: “We are excited about this next stage of collaboration with the IRIS team. There’s no doubt that HR, finance, and payroll software must work together seamlessly, but far too often, this isn’t the case. When these systems are integrated, it not only streamlines tasks and saves valuable time but also helps users take their businesses to the next level. Cloud platforms are integral to this mission, and this extended partnership is a fantastic opportunity for both AccountsIQ and IRIS to provide a more unified service to our customers.”

With AccountsIQ now available to Staffology and Cascade business customers, plans are underway to expand its integration across IRIS’ accountancy products.

This was posted in Bdaily's Members' News section by Lucy Jefferson .