Tax, practice management, accounts and outsourced services

Introduction of new ‘early warning system’ in
IRIS OpenBooks

New dashboard alerts will help accountants resolve issues in record time

Datchet, January 11th 2012: IRIS Accountancy Solutions has today announced the addition of ‘dashboard alerts’ to its cloud-based bookkeeping service, IRIS OpenBooks powered by FreeAgent. The alerts will enable accountants to set triggers based on important client activity that may warrant a closer look, acting like an ‘early warning system’ so that potential problems can be quickly identified and resolved.

IRIS OpenBooks was first introduced into the market in May 2010, providing accountants with a way of offering a jargon-free, easy-to-use bookkeeping system to their small business clients through a collaborative, online system. The cloud-based solution ensures that small business owners have 24x7 access to a clear and accurate view of their financial positions and that accountants can easily access this information.

Keeping an eye on the financial performance of these clients has now been made even easier through the addition of Dashboard Alerts. The alerts are definable rules which enable accountants to set specific triggers based on client activity, or even inactivity, which could signal a problem. For example, an alert could be set up when an expense tops more than £500.

Once created, the alerts refresh automatically each hour, giving accountants the opportunity to quickly react to an issue and provide their clients with the necessary advice and guidance to get the issue resolved.

Phill Robinson, chief executive, IRIS Accountancy Solutions said: “Accountants are always looking at ways in which they can add value to their clients and stand out from the competition. IRIS OpenBooks already enables them to get a real-time picture of what their clients are doing 24x7; this new development means that they can now add even more value by stopping problems before they escalate. It gives accountants a real opportunity to support small businesses beyond basic bookkeeping and give them the support and guidance they need in this challenging economy.”

The initial rule types include:

  • Date since last log-in for primary or any user
  • Any transaction over a set amount, definable for individual categories
  • Number of unexplained transactions outstanding from imported bank statements

ArrowRead more about IRIS OpenBooks


About IRIS

IRIS Accountancy Solutions provides fully integrated software and services to the UK accountancy profession and to corporate accountants.  Our solutions are used in 14,000 accountancy practices and businesses across the UK.

In fact, over half of UK accountancy practices use our solutions to improve client satisfaction, offer value added services, and streamline their internal processes to become more efficient and profitable. Despite their unique requirements and goals, our customers all value the quality of the software and the quality of the support and service they receive.

Their regular feedback and our enviable customer retention rate of over 97% prove that we get it right year after year.
Follow us on Twitter: @irisaccountants


Press Contacts:
For further information please contact Siobhan McNeill or Ingrid Semanikova at Octopus Communications on 08453 700655 or email iris@octopuscomms.net

IRIS and IRIS Accountancy Solutions are trademarks. © IRIS Software Ltd . All rights reserved. All other marks are the property of their respective owners.

*The Institute of Chartered Accountants in England and Wales has accredited IRIS Accounts Production, Business Tax, Personal Tax, Corporation Tax and Practice Management (including Time & Fees and AutoMail) under the terms of its Accredited
IT Product Scheme. Purchasers should ensure that the software, its security features and related support meet their own specific requirements, as the Institute will not be liable for any damage whatsoever, incurred by any person, occasioned by
the use of the software, or any related products or services howsoever caused.