IRIS Software Group Acquires myPay Solutions
Deal expands IRIS’ current CPA-focused offerings in the Americas with additional secure payroll processing, tax, and reporting services to help accountants deliver value-added services
October 26, 2022 — IRIS Software Group (IRIS), a leading global software provider of accountancy solutions, today announced it has acquired Thomson Reuters myPay Solutions, a trusted online payroll processing service designed to empower CPAs.
myPay Solutions provides comprehensive outsourced payroll and associated banking and tax services via CPA firms to small and medium-sized businesses across all 50 states in the United States.
Accountants can now improve client retention by providing additional value-add services and becoming an integrated service provider with their clients to increase revenue.
myPay Solutions is a further strategic step in IRIS’ mission to better serve the CPA market in the Americas, adding a complementary service offering to IRIS’ domestic and international payroll, and HR consultancy. IRIS brings together leading technology, capability and fundamental knowledge to help CPAs address the challenges and opportunities of growing and supporting American businesses.
IRIS continues to invest in its online payroll offerings to provide comprehensive payroll solutions. Whether it’s software, white labelled services or a hybrid model, CPAs will be able to easily balance workloads by flexing between in-house and outsourced work.
By providing accounting firms with seamless online payroll services, IRIS enables them to focus on delivering value-added, revenue-generating client services, helping firms grow their business and establish better client relationships while making data security, compliance and customer experience a top priority.
This news follows a stellar year of growth for IRIS in the Americas as the company continued to expand its regional footprint. IRIS completed key acquisitions of accounting technology providers Conarc, Doc.It and AccountantsWorld to provide accountants with the solutions they need, united by the IRIS mission to take the pain out of processes. IRIS has also made key C-level appointments in the region, including Jim Dunham as President and General Manager.
IRIS is already the provider of choice for accounting firms across the Americas, including 52 of the top 100 US CPA firms. The addition of myPay Solutions further enhances its ability to help any sized accountancy firm achieve its full potential while scaling as its business grows. myPay Solutions will extend the IRIS accountancy portfolio as the company continues to provide accounting professionals with a single source of truth about their customers to help them succeed and move forward with certainty and confidence.
Elona Mortimer-Zhika, CEO of IRIS Software Group says, “We are thrilled to welcome myPay Solutions to the IRIS family and are proud of this latest milestone as we continue to supercharge our presence in the Americas. IRIS is committed to delivering the best-of-breed software solutions accounting firms require to successfully manage and grow their firm in today’s evolving business landscape, and myPay Solutions is an ideal addition to our payroll solutions portfolio. Our complete suite of offerings gives accountants the flexibility to handle payroll in-house or through the payroll processing service, providing them with options to simplify their unique payroll requirements and focus on introducing new value-added services to drive their growth.”