IRIS Software Group (IRIS) Americas today unveiled significant updates to its IRIS Firm Management (IFM) solution, a powerful platform designed to address the unique challenges of modern accounting firms and CPAs. These updates aim to optimize user experience, enhance document management, and improve reporting and client onboarding, providing firms with the tools needed for seamless growth and scalability.
Strategic Enhancements in IRIS Firm Management
- Document Management System (DMS) Update
- Automatic Document Retention: Documents are automatically retained for standard periods, ensuring compliance.
- Audit Trail: The DMS now tracks user activity with detailed logs of document access and actions.
- Secure File Sharing: Users can securely share encrypted files via drag-and-drop upload functionality, ensuring easy yet secure collaboration.
- Advanced Reporting & Dashboards
- Customizable Reports: Firms can now create unlimited reports using drag-and-drop tools, generating real-time insights with interactive analytics dashboards.
- Data Visualization: Enhanced features allow for filtering and refining data, helping firms organize and analyze key business metrics like client performance and accounts receivable.
- User Experience and Data Control Enhancements
- Simplified Navigation: Streamlined hierarchical menus improve accessibility and consistency across the platform.
- Period Lockdown Feature: This feature safeguards the integrity of financial data by preventing unauthorized changes.
- Streamlined Client Onboarding
- Configuration Management: With 140 multi-level configuration options across 40 modules, firms can tailor client onboarding experiences and implementations, ensuring a seamless transition.
- Real-Time Updates: New features can be enabled or disabled without disrupting workflows, making it easier for firms to personalize their client onboarding process.
IRIS Firm Management: Built for Growth and Scalability
- Infrastructure and Cybersecurity
- Cloud-Hosted on Microsoft Azure: The platform is hosted on Microsoft Azure, ensuring high reliability and sophisticated cybersecurity protocols to protect sensitive data.
- AI-Enabled Automation: The addition of AI-powered automation helps firms free up valuable time, optimizing workflows.
- Seamless Integration with Third-Party Vendors
- Powerful API Integrations: IRIS Firm Management integrates smoothly with a wide range of third-party vendors, including Okta for single sign-on (SSO), Salesforce, BambooHR, Microsoft Dynamics 365, and more.
Customer Testimonials and Future Outlook
Michael Cereste, CFO at LerroSarbey, noted the transformative impact of IRIS Firm Management, emphasizing how the solution will enhance financial performance visibility and streamline billing processes for firms like theirs.
Looking ahead, IRIS plans to introduce even tighter integration between Practice Management and Document Management, along with the launch of a user-friendly Universal Client Portal and Productivity Suite. These features aim to provide firms with a unified platform for managing client relationships efficiently.
IRIS Firm Management’s latest updates provide accounting firms with the tools needed to scale efficiently while maintaining compliance and security. With enhanced reporting, improved document management, and streamlined onboarding, IRIS continues to deliver cutting-edge solutions for modern accounting professionals.
