Driving cloud tech innovations: AccountsIQ and IRIS join forces to deliver cutting-edge payroll and finance solutions

AccountsIQ and IRIS Software Group Forge Strategic Partnership

AccountsIQ announces a strategic partnership with IRIS Software Group (IRIS), a global leader in accounting, edtech, and human capital management solutions. This collaboration aims to drive innovations in cloud technology by offering an integrated suite of cloud-based payroll, HR, and finance solutions designed to streamline operations, enhance cross-departmental collaboration, and provide powerful business intelligence tools.

A Proven and Expanding Partnership

Since 2018, AccountsIQ and IRIS have successfully collaborated across various sectors. Building on this six-year partnership, AccountsIQ’s advanced financial platform will now be accessible to IRIS Cascade and Staffology customers through the IRIS HR Marketplace. This expansion is expected to benefit HR and Payroll customers by offering integrated, cloud-based solutions that enhance operational efficiency.

Seamless Data Integration Between Payroll and Finance Systems

The new out-of-the-box integration allows for a direct flow of Staffology and Cascade payroll data into AccountsIQ. This integration offers businesses a unified cloud-based solution that covers payroll, HR, and finance across the entire employee lifecycle. It enhances operational efficiency and delivers actionable business intelligence insights.

Key Benefits of the Integrated Cloud HR, Payroll, and Finance System

- Real-time Financial Performance Monitoring: The platform’s intuitive dashboards provide detailed financial performance data, enabling businesses to make informed decisions and adapt quickly to changing financial conditions.

- Simplified Regulatory Compliance: AccountsIQ simplifies VAT returns, corporate tax filings, and Companies House submissions, helping businesses stay compliant with regulatory requirements.

- Enhanced Accuracy and Streamlined Operations: The integration of payment authorisations and approvals into a single system reduces manual data entry, supports multi-currency transactions, and ensures consistent data accuracy across functions.

- Comprehensive Budget Management: Full audit trails support superior cost control and performance oversight, simplifying the authorisation of payments and invoices and managing invoices across multiple entities.

Real-world Impact: Insights from Industry Leaders

Steve Allen, Financial Director at IFX, highlighted the transformative impact of AccountsIQ on their business: “Our growth soared by 110% the year before last, a feat we attribute directly to AccountsIQ. Had we still been using Sage 50, our growth would have been stunted or, at the very least, would have required a significantly larger finance team.”

Stephanie Coward, Managing Director of HCM at IRIS, expressed enthusiasm about the partnership: “We are thrilled to introduce AccountsIQ as a strategic partner in IRIS' HR Marketplace. This partnership allows our customers to benefit from a fully integrated, cloud-based suite of payroll, HR, and finance solutions, ultimately saving time, improving cost control, and boosting profitability.”

Tony Connolly, Founder and CEO of AccountsIQ, emphasized the broader impact: “We’re enthusiastic about advancing our partnership with IRIS. By integrating HR, finance, and payroll solutions, we streamline processes and save time, allowing users to focus on growing their businesses. This expanded collaboration offers a fantastic opportunity for both AccountsIQ and IRIS to deliver a more unified and efficient service to our clients.”

Looking Ahead: Expanding Opportunities

With AccountsIQ now available to Staffology and Cascade business customers, future plans include expanding its integration across IRIS’s accounting division products. This initiative aims to further enhance the unified service offering, providing even more businesses with integrated solutions for their payroll, HR, and finance needs. For more information about the IRIS and AccountsIQ partnership, visit the IRIS HR Marketplace.