IRIS Software Group (IRIS), a global leader in accountancy, education management, HR, and payroll solutions, has announced its acquisition of Dext Software Ltd (Dext), a prominent bookkeeping automation platform. This partnership integrates two sector-leading platforms—Dext’s Bookkeeping Automation Platform and IRIS Elements—to deliver a fully integrated, end-to-end solution for accountants, bookkeepers, and businesses.
1. The Significance of the Acquisition
- IRIS Elements offers practice management and compliance solutions such as accounts production and tax returns.
- Dext automates bookkeeping with AI, improving productivity and streamlining routine tasks.
- The combined platform will cover the full accounting workflow, from data entry to compliance, reporting, and advisory services.
2. Addressing ‘App Fatigue’
- Many accountants face “app fatigue” due to juggling disconnected tools for daily tasks.
- Integration of IRIS and Dext platforms will offer seamless functionality with secure single sign-on (SSO).
- Users will benefit from a unified, end-to-end view of their accountancy workflow.
3. Expanding Global Reach and Compliance
- The acquisition strengthens the global presence of IRIS and Dext in countries such as the UK, Canada, France, and Australia.
- It supports accountants in adapting to evolving regulatory and compliance requirements worldwide.
4. Enhanced User Experience and Freedom of Choice
- IRIS and Dext maintain a general ledger (GL)-agnostic strategy, ensuring integration with various accounting software.
- Customers can continue using their preferred bookkeeping tools while enjoying a cohesive workflow experience.
5. Commitment to Innovation and Growth
- IRIS will accelerate Dext’s product roadmap, providing additional capital and enhancing partner integration programs.
- Dext currently connects to over 35 bookkeeping platforms and 11,500 banks and financial institutions.
- The collaboration focuses on innovation, productivity, and creating opportunities for professional growth.
The integration of IRIS and Dext represents a significant step toward simplifying and optimizing the accountancy workflow. By delivering a seamless, end-to-end solution, this partnership empowers accountants and bookkeepers to enhance productivity, maintain compliance, and focus on growth. Together, IRIS and Dext reaffirm their shared mission of championing accountants and supporting their success globally.
