IRIS Software Group has launched an AI-powered tax anomaly detection tool that integrates with IRIS Elements and the IRIS Accounting Suite, significantly enhancing tax preparation efficiency. Designed for over 13,000 users, this tool can reduce tax return filing time from four hours to as little as 90 minutes. The initiative is part of a multi-million-pound investment in AI technology aimed at transforming IRIS into an AI-centric company. By fully deploying the tool, IRIS expects to save the accounting profession around six million hours annually, as firms gain powerful capabilities like error detection before submissions to HMRC. Mid-sized practices could save up to £44,930 each year, while smaller firms will benefit from an all-in-one solution. The project aligns with the growing demand for AI tools in accounting, particularly among younger professionals, positioning IRIS as a leader in intelligent tax automation and operational efficiency. For more information, visit www.iris.co.uk.
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