IRIS Expands Outsourcing Service to Accounting Firms in Americas

Global software provider IRIS Software Group has introduced its IRIS Outsourcing service for accounting firms in the Americas market.

This service aims to tackle the talent gap in the industry by offering a range of solutions, including bookkeeping, management accounting, payroll processing, financial statements and taxation services, the company said in a Tuesday (Sept. 5) press release.

Many firms struggle to find professionals with the necessary skills to handle the increasing workload for accounting firms in today’s fast-paced business environment, according to the release. IRIS Outsourcing aims to bridge this skills gap and improve day-to-day productivity for accounting firms.

By outsourcing routine accounts and payroll work to IRIS, accounting firms can focus on fee-earning work, enhance productivity, take on additional clients, offer new services and reduce turnaround time, the release said. This flexible and cost-effective solution also allows firms to meet the changing needs of their businesses without the expense of hiring additional staff.

IRIS Outsourcing provides a dedicated client relationship officer and a team of experts with at least five years of experience in the field, per the release. This ensures immediate access to industry expertise and seamless communication for day-to-day coordination on deliverables.

Data security is a top priority for IRIS Outsourcing, as it is ISO9001 and 27001 certified, according to the release. This certification ensures that confidential data is protected and secured.

Accounting firms that have utilized IRIS Outsourcing have reported savings of up to 50% and high customer satisfaction scores of 94% to 96% in 2021 and 2022, the release said.

“As a dedicated partner to accounting firms, we consistently look for ways to deepen our relationship,” Jim Dunham, president and general manager of IRIS Americas, said in the release. “IRIS Outsourcing provides the additional capabilities that firms need to focus on achieving their growth goals.”

Outsourced treasury solutions can ease firms’ concerns about liquidity at a time when treasurers and other executives are more focused than ever on maintaining healthy balance sheets and cash flow, PYMNTS reported in November.

In any period where money flows less freely, Treasury-as-a-Service (TaaS) and other advanced technologies can help corporations better manage day-to-day challenges, especially as business is increasingly done on a global stage.