IRIS Software Group supercharges North American presence with Conarc acquisition
15 September 2021: IRIS Software Group (IRIS), a leading global software provider of accountancy solutions, is today announcing it has acquired Conarc, the industry-leading US document management software provider for CPA firms.
Founded in 1996, Conarc’s iChannel software solutions enable CPA firms to connect all information in one place, allowing them to create reports and manage workflows quickly and efficiently so they can connect with clients in meaningful ways and focus on growing their firms.
The move marks the next stage in IRIS’ mission to rapidly expand its foothold in North America, following the recent acquisition of Doc.It in July 2021. IRIS continues to expand its practice management and productivity solutions as CPA firms across North America evolve and look to deploy new services. The COVID pandemic amplified the benefits of a comprehensive document management system and customers now expect secure online exchange of confidential information, client communications and document signing as standard.
IRIS already works with 50 of the top 100 CPA firms in the US as well as many others and the acquisition of Conarc is the latest in a growing suite of innovative solutions IRIS has to offer accountancy customers in North America.
Elona Mortimer-Zhika, CEO of IRIS Software Group says, “Conarc joining the IRIS family is another step in expanding our presence and unlocking significant growth opportunities in North America, delivering the best-of-breed software solutions CPA firms need to succeed in today’s constantly changing business landscape. While CPAs aim to provide advisory services in the quest for market growth, firms have also navigated significant regulatory changes during the pandemic. “CPA firms truly need solutions like iChannel from Conarc to deliver accurate and meaningful data that keeps them compliant and improves productivity. Through workflow automation, Conarc frees up time, allowing CPAs to provide the insight required to improve collaboration with clients and support advisory services. Conarc complements our IRIS mission of helping accountancy professionals thrive and I’m delighted to welcome the team to our family.”
Conarc is an established and highly regarded partner to CPA firms in the US. Its deeply embedded solutions complement the IRIS accountancy portfolio and are entirely aligned with IRIS’ philosophy; to provide professionals with a single source of truth about their customers so they can help them succeed and move forward with certainty and confidence.
Meredith Jolly, CEO of Conarc says, “The last 18 months have proven CPA firms need the right tools to connect all of their activities in one place so they can create a complete picture and connect with their clients in meaningful ways. We’ve spent over two decades at Conarc working with CPA firms to design and develop solutions that enable them to enhance their productivity and expand their operations. With the incredible IRIS resources and working with a brilliant IRIS team, we’ll be able to take our offering to the next level. We’re delighted to be joining the Group.”
For all media enquiries, please contact:
UK: Emma Lawton | IRIS@octopusgrp.com | 07539 713 763
North America: Wendy Schechter | Articulate Communications | 917 687 9696
About IRIS Software Group
IRIS Software Group is one of the UK’s largest privately held software companies. It exists to take the pain out of processes and let professionals working in businesses and schools focus on the work they love.
IRIS provides software solutions and services for finance, HR and payroll teams, educational organisations, and accountancy firms that helps them comply with regulations, drive productivity and better engage with key stakeholders. Through simplifying, automating and providing insights on everyday mission-critical tasks for organisations of all shapes and sizes, IRIS ensures customers can look forward with certainty and confidence.
IRIS has over 100,000 UK and international customers with 80% having a tenure of five or more years. IRIS is the largest third-party online filer with the UK Government. Ninety of the top 100 UK accountancy firms and 50 of the top 100 US CPA firms use IRIS software. Circa 20% of the UK’s workforce is paid by IRIS payroll offerings. More than 850,000 UK employees are managed by IRIS HR solutions. Over 12,000 UK schools and academies use IRIS, with four million parents and guardians using IRIS apps to connect with their children’s school; 300 million messages are delivered between schools and parents each year, and over £15 million transactional payments are processed every month. IRIS is placed in the Sunday Times PwC Top Track 250 and the Megabuyte50, and is certified as Great Place to Work ®.
"Using iChannel, we save about 30 minutes on every tax return that we process. That is an estimated savings of $150 on every return that we prepare which translates to $525,000 saved per year on tax returns alone."
Steven Kurinsky, CPA, Tax & Business Supervisor
DeLeon & Stang
iChannel Integrations Create a Central Hub Of Information That Enables Your Business To Share Data Across Your Enterprise.
Improve Staff Productivity and See Increased Profitability
with ROI in Less than One Year