Welcome to our weekly round-up of the latest news and updates from the accounting tech world.
This week, Tech Lowdown features the new IRIS Analytics tool and TaxCalc’s eSign and GDPR centres.
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IRIS has launched the cloud-based tool IRIS Analytics. The decision-making tool for accountancy practices, which integrates with the IRIS Accountancy Suite, provides insight into business performance through dashboards, graphics. Users can filter the data and drill down for detailed analysis.
New analytics tool is set to increase effectiveness for larger accountancy practices, enhancing the visibility in areas such as client billing, job costs and staff productivity to identify the areas where improvements can be made.
According to Nick Gregory, chief product and marketing officer at IRIS, the product responds to the accountancy practices' demand of tools that can help them identify issues early. “Analytics can also be used to highlight gaps in a firm’s offerings, allowing the practice to develop new services to support the next generation of clients,” Gregory added.
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TaxCalc eSign and GDPR centres
TaxCalc has presented a new digital document signing for accountants to obtain client approval for key documentation. The eSign centre eliminates the need for sending out sets of accounts or tax returns in the post, improving the approval process by saving time, paper and administration.
The online system enables the accountant to prepare an envelope with electronic copies of tax returns and sets of accounts that can then be sent to the clients for them to check and sign from different electronic devices. Accountants can send reminders from the eSign Control Centre and, once the documents have been approved by the client, the accountant receives a notification.
Along the new eSign Centre, TaxCalc has also announced a new GDPR solution for accountants in practice. The compliance solution helps accountants stay on top of their obligations and respond effectively in the event of a data breach.
The GDPR Centre is available for £125 and covers situations relating to GDPR and day-to-day tasks, including generating sets of accounts, tax returns and bookkeeping and payroll functions.
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Upcoming Xero features
Over the coming weeks, Xero will be releasing an email to bills to extract key information from PDF bills to create a bill entry in Xero. Other releases announced for the coming weeks are the ability to drag multi-page PDF receipts into a claim, entering and editing bills on mobile and a new quick view of profits and loss from your Android or iOS dashboard.