IRIS Software Group has launched IRIS Elements Enterprise, a new cloud-based accounting suite designed to help accounting firms manage complex client needs.
The platform is tailor-made to support businesses in meeting regulatory changes, including HMRC’s upcoming Making Tax Digital (MTD) requirements, the company said.
IRIS Elements Enterprise is designed to improve the profitability and customer satisfaction of accounting firms by offering advanced tools for creating financial statements and generating tax returns.
The platform will also address the need for compliance with Companies House and HMRC standards, catering for complex customer scenarios such as capital gains, capital allowances, losses, group support and research and development, the tech company added.
The new Enterprise tier introduces features that automate tax processes, reducing time spent on manual tasks and minimizing errors.
Asset registers, partner profit calculations, capital gains tracking and automated tax calculations with error alerts are among the features designed to improve accuracy and efficiency.
In addition to automation, IRIS Elements Enterprise also provides real-time data synchronization between bill and tax production, streamlining workflows and increasing visibility into customers’ compliance obligations.
This integration enables faster and more informed decision-making for accounting firms, the company said.
Looking ahead, IRIS Software Group plans to expand the IRIS Elements suite with the introduction of IRIS Elements Practice Management Enterprise.
This upcoming offering includes advanced reporting, time and expense tracking, and scheduling features to help companies further optimize their compliance processes.
IRIS Software Group accounting director Mark Chambers said: “IRIS Elements Enterprise provides a seamless, secure way to get there, allowing businesses to pay for what they need and add additional features as they scale.”
“IRIS Software Launches New Cloud-Based Accounting Suite” was originally created and published by International Accounting Bulletin, a brand owned by GlobalData.
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