IRIS Software Group, the London-based accounting and payroll solutions provider, said Jan. 8 that it has made product enhancements to its IRIS Firm Management (IFM) platform.
First launched in November 2023 to better meet the needs of North American accounting firms and CPAs, IFM combines practice management, document management, and advanced reporting capabilities into a single, integrated platform. The updates announced on Wednesday make it easier for firms to manage and onboard clients, stay compliant, and collaborate across teams—all while scaling for future growth, IRIS said in a media release.
“Modern accounting firms are growing quickly, expanding their service lines and client bases,” Jim Dunham, president and general manager of IRIS Americas, said in a statement. “However, this rapid growth often introduces technology sprawl, added costs, and complexity. To tackle today’s challenges, firms need an all-in-one solution that simplifies operations and helps them scale their business. That’s why we created IRIS Firm Management—purpose-built from strategic acquisitions and shaped by four decades of collaboration with our customers.”
IFM’s integrated document management solution (DMS) simplifies storing, organizing, and retrieving critical documents, ensuring compliance with complex regulatory requirements.
With today’s update, IFM’s DMS automatically retains documents for standard periods of time, offers template forms to maintain document consistency and integrity, and produces a detailed audit trail—tracking who accessed which documents and any actions taken, and when. Firms can securely share encrypted files with clients using drag-and-drop upload functionality, enabling seamless collaboration while maintaining data security, IRIS said.
Other enhanced functionality and features across all IFM modules include:
Advanced reporting and dashboards: Accounting firms can now create unlimited customizable reports with step-by-step guidance, gaining real-time insights through interactive analytics dashboards and data visualization. Features like drag-and-drop tools and filtering options make it easy for users to refine views, organize, and analyze data sets—such as client, geography, accounts receivable, and work-in-progress—to create a unified and comprehensive account view.
Enhanced user experience and data controls: Streamlined hierarchical menus replace dropdowns for better accessibility and consistency, while the new period-lockdown feature safeguards financial data accuracy and integrity by preventing changes to key functions. Cloud-based receipt storage simplifies setup, and user preferences allow for tailored workflows.
Streamlined client onboarding: IFM’s new configuration management component offers 140 multilevel configuration options across 40 modules, along with a library of ready-to-use templates. Real-time updates make it easy to enable or disable features without disrupting existing workflows, ensuring seamless, personalized implementations for each client.
In the coming months, IFM customers can look forward to an even tighter integration between practice management and document management, as well as a user-friendly universal client portal and productivity suite to enhance client relationship management with a single point of communication between firms and their clients, IRIS said.
For more information about IRIS Firm Management, visit here.
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