IRIS Software Group (IRIS) has acquired Paycheck Plus. Founded in 2005, the Drogheda, Ireland-based business has grown consistently into Ireland’s premier payroll services provider, with clients in Ireland, the UK, across Europe, and in the USA.
Paycheck Plus provides an extensive range of payroll outsourcing services and has a relentless focus on accuracy, timeliness and compliance. This closely aligns with IRIS’ mission to take the pain out of processes and ensure professionals get it right first time, every time.
David Lockie, Chief Operating Officer at IRIS says, “Paycheck Plus joining the IRIS group adds further scale and growth to the IRIS managed payroll offerings in Ireland. As the premier payroll provider in Ireland, Paycheck Plus has an unrivalled market reputation, and its significant achievements in the last 17 years reinforces a strong synergy between our cultures.”
Anne Reilly, CEO and founder of Paycheck Plus says, “Since 2005, our mission has been to help our clients be their best by ensuring their payroll function is outstanding. I am incredibly proud to lead Paycheck Plus into its next stage of growth and I know IRIS is an incredibly safe pair of hands for both our customers and colleagues.”
Ireland has become a hub for UK and international businesses wanting to maintain access to the EU market following Brexit. The UK’s Institute of Directors found 26% of SMEs trading with the EU were considering moving some EU operations outside of Britain, and 16% have already moved into the single market. With Dublin consistently proving the most popular choice for UK financial services firms to relocate staff and operations, Paycheck Plus provides a highly credible anchor point for IRIS’ customers, especially those from North America looking to enter the EU market.
Paycheck Plus is ISAE 3402 accredited, which verifies that they have the international standards for outsourcing including all necessary procedures, systems and controls required to effectively and securely meet customers’ payroll service needs. The business perfectly complements IRIS’ global strategy to scale significantly in the managed payroll segment over the coming years. All staff hold, or are in the process of obtaining, IPASS and/or CIPP certifications, and will join IRIS’ dedicated team of professional payroll experts to take the pain out of processes and enable customers to focus on the work they are valued for.
This move demonstrates IRIS’ commitment to investing in people and products that broaden its service offerings for businesses in the UK, Ireland and North American markets. The two companies have strong synergies with regards to core values and culture, with both IRIS and Paycheck Plus achieving Great Place To Work accreditation in 2021. Paycheck Plus also became Ireland’s most highly awarded payroll company, winning more than 30 awards for its client care, management and payroll services.
David Lockie continues, “Bringing Paycheck Plus into the IRIS family enables us to expand our Irish footprint further and provide our customers with a highly credible route into the EU. Combining our decades of experience, our global payroll and HR solutions will enable businesses to continue their EU operations with minimal disruption.
“Our goal is to support our customers to work productively and remain compliant. We are delighted to bring Paycheck Plus onboard and will continue to support its growth and invest in its people to benefit both existing and new customers. Over the coming years, we will continue to look for further opportunities to build scale in the managed payroll sector as part of our long-term ‘build, buy, partner’ strategy.”
Anne Reilly concludes, “With IRIS’ resources and working with the brilliant IRIS team, who are as dedicated to delivering outstanding payroll as we are, we will be able to take our services to the next level. I look forward to supporting Bróna Grogan as Seamus Reilly steps down and she takes over the reins at Paycheck Plus. We are excited at the prospect of seeing Paycheck Plus flourish further within the IRIS family.”