IRIS Software Group (IRIS), a global software provider of accountancy solutions, is today announcing it has acquired Conarc, the industry-leading US document management software provider for CPA firms.
Founded in 1996, Conarc’s iChannel software solutions enable CPA firms to connect all information in one place, allowing them to create reports and manage workflows quickly and efficiently so they can connect with clients in meaningful ways and focus on growing their firms.
The move marks the next stage in IRIS’ mission to rapidly expand its foothold in North America, following the recent acquisition of Doc.It in July 2021. IRIS continues to expand its practice management and productivity solutions as CPA firms across North America evolve and look to deploy new services. The COVID pandemic amplified the benefits of a comprehensive document management system and customers now expect secure online exchange of confidential information, client communications and document signing as standard.
IRIS already works with 50 of the top 100 CPA firms in the US as well as many others and the acquisition of Conarc is the latest in a growing suite of innovative solutions IRIS has to offer accountancy customers in North America.
Elona Mortimer-Zhika, CEO of IRIS Software Group says, “Conarc joining the IRIS family is another step in expanding our presence and unlocking significant growth opportunities in North America, delivering the best-of-breed software solutions CPA firms need to succeed in today’s constantly changing business landscape. While CPAs aim to provide advisory services in the quest for market growth, firms have also navigated significant regulatory changes during the pandemic.
“CPA firms truly need solutions like iChannel from Conarc to deliver accurate and meaningful data that keeps them compliant and improves productivity. Through workflow automation, Conarc frees up time, allowing CPAs to provide the insight required to improve collaboration with clients and support advisory services. Conarc complements our IRIS mission of helping accountancy professionals thrive and I’m delighted to welcome the team to our family.”
Conarc is an established and highly regarded partner to CPA firms in the US. Its deeply embedded solutions complement the IRIS accountancy portfolio and are entirely aligned with IRIS’ philosophy; to provide professionals with a single source of truth about their customers so they can help them succeed and move forward with certainty and confidence.
Meredith Jolly, CEO of Conarc says, “The last 18 months have proven CPA firms need the right tools to connect all of their activities in one place so they can create a complete picture and connect with their clients in meaningful ways. We’ve spent over two decades at Conarc working with CPA firms to design and develop solutions that enable them to enhance their productivity and expand their operations. With the incredible IRIS resources and working with a brilliant IRIS team, we’ll be able to take our offering to the next level. We’re delighted to be joining the Group.”