IRIS Americas Introduces Enhanced Solutions for Accountants

IRIS Americas Introduces Enhanced Solutions for Accountants

The enhancements to the IRIS Firm Management (IFM) product aim to assist modern accounting firms and CPAs in easing their operations while improving client management within a unified platform.

As a recognized global software provider specializing in accounting, HR, and payroll solutions, IRIS Software Group (IRIS) Americas has announced significant product upgrades to its IFM solution. These updates are tailored to meet the distinctive challenges that contemporary accounting firms and CPAs encounter.

IFM integrates practice management, document management, and advanced reporting functionalities into a cohesive system. The recent enhancements are designed to streamline the onboarding process for clients, ensure regulatory compliance, and facilitate team collaboration—all while assisting firms in scaling up their operations.

Jim Dunham, President and General Manager of IRIS Americas, noted the rapid growth of modern accounting firms, which often leads to increased technological demands and complexities. According to him, firms now require a comprehensive solution to simplify operations and support expansion, which is why IRIS Firm Management was developed with customer collaboration in mind, combining insights from decades of experience.

First introduced in 2023, IRIS Firm Management has continuously evolved to better cater to the needs of North American accounting firms and CPAs. The new updates specifically enhance user experience, document management, data controls, and client onboarding processes.

Document Management Solution (DMS)
IRIS Firm Management’s DMS simplifies the processes of storing, organizing, and retrieving essential documents, maintaining compliance with intricate regulatory standards. The latest updates provide automated document retention for defined periods, template forms for consistent and accurate documentation, and an audit trail that logs document access and changes. This functionality allows firms to securely share encrypted files with clients through an intuitive drag-and-drop interface, facilitating seamless collaboration while upholding data security.

Additional Features of IFM

• Advanced Reporting & Dashboards: Users can now generate unlimited customizable reports following a guided process. The inclusion of interactive analytics dashboards and robust data visualization allows firms to gain real-time insights into client accounts, accounts receivable, and work-in-progress. Features like drag-and-drop tools streamline data analysis.
• Enhanced User Experience and Data Controls: New hierarchical menus enhance accessibility and consistency, while a period-lockdown feature protects the accuracy of financial data from being altered. Additionally, cloud-based receipt storage streamlines setups, tailored workflows are now available based on user preferences.
• Streamlined Client Onboarding: The new Configuration Management Component allows for 140 multi-level configuration options across various modules. Clients can enjoy real-time updates that enable features to be quickly turned on or off, ensuring each implementation is tailored without disrupting workflows.

Michael Cereste, CFO of LerroSarbey, expressed that their growing requirements demand advanced practice management software, and he believes that IRIS Firm Management will immensely enhance their operational efficiency and provide critical financial insights across services.

With its foundation built on the reliable Microsoft Azure cloud infrastructure, IRIS Firm Management incorporates sophisticated cybersecurity measures, access controls, and AI-driven automation features. Its API integration capabilities support a network of third-party vendors, aiding in efficient data exchanges.

Looking Forward
In the upcoming months, IFM customers can anticipate further integrated capabilities between Practice Management and Document Management. Furthermore, new tools like a Universal Client Portal and a Productivity Suite will elevate client relationship management into a seamless experience.

For more information on IRIS Firm Management and its implementation processes, you can explore the solutions offered by IRIS Americas.

About IRIS Americas
IRIS Americas, as part of IRIS Software Group, serves a vast array of CPA firms and processes an impressive amount of payroll for millions of North American employees each month. Over the past decade, IRIS Americas has expanded its services by incorporating 13 North American brands into its offerings.

About IRIS Software Group
Established in 1978, IRIS Software Group is a global leader in delivering cloud-hosted software solutions across numerous industries. Their mission is to simplify and automate business processes, helping organizations to concentrate on core operations while achieving efficiency through their software innovations.

Frequently Asked Questions

What is IRIS Firm Management (IFM)?

IFM is a comprehensive software solution that integrates various management functionalities for accounting firms, enhancing their operational efficiency and client management.

How have the recent updates improved IFM?

The updates have focused on user experience, document management, data controls, and streamlined client onboarding processes, making it more efficient for firms to manage their operations.

What features does the Document Management Solution offer?

The DMS simplifies document storage, organization, and retrieval, ensuring compliance with regulations while allowing secure sharing with clients.

Who can benefit from IRIS Firm Management?

Modern accounting firms and CPAs looking for an integrated solution to manage their operations and client relationships can greatly benefit from IFM.

What technology underpins IRIS Firm Management?

IRIS Firm Management is built on Microsoft Azure and includes advanced security measures, access controls, and API integrations for seamless operation with third-party vendors.

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