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IRIS Software Group unveils IRIS Elements Enterprise for accountancy firms serving complex clients

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IRIS Elements Enterprise will empower accountancy firms to access unified, secure, and compliant Tax and Accounts Production software anywhere, anytime.

LONDON, Nov. 4, 2024 /PRNewswire/ — IRIS Software Group, a leading global provider of accounting, edtech, HR and payroll solutions, today announced the launch of IRIS Elements Enterprise, the latest tier in its existing cloud-based accounting suite. With today’s launch, IRIS rolls out two initial Enterprise product offerings: Enterprise Tax and Enterprise Accounts Production. The IRIS Elements suite now offers three tiers: IRIS Elements Essential for smaller practices and startups, IRIS Elements Professional for mid-tier firms and, now, IRIS Elements Enterprise for firms serving complex clients.

“In today’s market, accountancy firms are up against a wide range of pain points – coordinating different software across their offices and people; maximising success and growth with the same or fewer resources; dealing with complex regulatory requirements; and all while being under intense pressure to modernise,” said Mark Chambers, Managing Director of Accountancy at IRIS Software Group. “IRIS Elements Enterprise offers a seamless, secure way to get there, allowing firms to pay for what they need and add extra features as they scale up.”

IRIS Elements Enterprise

IRIS Elements Enterprise is designed to support accountancy firms as they navigate complex client needs and stay ahead of regulatory changes, such as HMRC’s upcoming Making Tax Digital (MTD) requirements. This comprehensive platform helps firms improve profitability and client satisfaction by streamlining operations and offering robust tools for producing financial statements and generating tax returns. This makes it easier for accountancy firms to:

Stay ahead of regulatory compliance changes: IRIS Elements Enterprise builds on its existing IRIS Elements Professional mid-tier offering, introducing the ability to produce more complex accounts for clients, like CICs and Farms, while still ensuring compliance with the latest accounts standards and requirements from Companies House and HMRC. Complex scenarios around Capital Gains, Capital Allowances, Losses, Group Relief and R&D are all catered for, making Tax Return form completion and calculations simple and easy.Automate tax processes to save time and reduce manual errors: IRIS Elements Enterprise automates time-consuming tasks in tax return completion. Features such as asset registers, automatic partnership profit calculations, capital gains tracking, and automated tax calculations with error warnings help improve accuracy. Asset data is stored and rolled forward year on year, allowing for automatic calculations and preventing the need for rekeying of information.Access real-time, synchronised client data: The IRIS Elements Platform links accounts production and tax in one cohesive workflow with real-time data synchronisation. Accountancy firms benefit from fewer manual tasks and increased visibility into clients’ mandatory annual compliance requirements, allowing for faster, more informed decision-making.

IRIS Elements’ Cloud Journey: Generating Momentum in 2024

Today also marks a major milestone in IRIS Software Group’s cloud journey, which began with the launch of IRIS Elements, the first UK accountancy suite to be wholly cloud-based. Since 2021, more than 9,000 accountancy firms and practices have selected IRIS Elements to complete their clients’ accounts and tax returns securely from anywhere, providing a full end-to-end solution for all their compliance and workflow management needs.

The platform’s unique, ‘hybrid-by-design’ bi-directional bridging technology also allows firms to operate and synchronise between on-premise IRIS desktop and cloud applications, enabling seamless management of critical tasks while gradually adopting cloud workflows. IRIS Elements has consistently achieved a ‘high status’ ranking within the DevOps Research and Assessment (DORA) framework, with six daily deployments to rapidly deliver new and innovative product features. IRIS Element’s enterprise-level security, encryption and advanced user authentication protect sensitive client data. This year, IRIS Elements also achieved ISO 27001:2022 accreditation – outlining the strength of its security management systems and ability to effectively manage and mitigate cyber risks – and launched a specialist Cyber Essentials security programme for the 24,000 accountants the business supports in the UK.

IRIS Elements continues to be celebrated for its award-winning contributions to the accounting industry. So far this year, the IRIS Elements platform has been named a finalist in the 2024 Computing Cloud Awards for ‘Best Cloud Support Provider’ and ‘Multi-Hybrid Cloud Solution of the Year’, in the 2024 ICB (Institute of Certified Bookkeepers) UK LUCA Awards for ‘Tax and Accounts Production Software of the Year’ and in the 2024 BCS UK IT Awards for ‘Digital Transformation Project of the Year,’ for its ambitious cloud migration project, which has successfully migrated more than 9,000 accountancy customers from legacy systems to IRIS Elements. Furthermore, 63% of this year’s Accounting Excellence Award winners were IRIS customers.

Looking Ahead

As part of its ongoing innovation roadmap, IRIS will introduce IRIS Elements Practice Management Enterprise in the coming months. It will feature more advanced reporting, time and expenses tracking, and scheduling capabilities so firms can further streamline their compliance efforts.

About IRIS Accountancy

IRIS is proud to be “the official supporter of accountants and bookkeepers,” and a leading provider of innovative software solutions designed to help accountants and bookkeepers grow, thrive, and create lasting value for their clients. As the largest third-party online filer with the UK Government, IRIS boasts HMRC and Companies House acceptance rates of over 98%. Trusted by 93 of the top 100 UK accountancy firms and 28 of the top 30 firms, IRIS serves more than 24,000 UK accountancy practices. Over 9,000 of these firms have adopted IRIS Elements, the company’s fully cloud-based solution, to streamline their operations and securely manage their workflows.

For over two decades, IRIS has provided comprehensive outsourcing services, with a team of over 600 qualified accounting professionals helping clients optimise their schedules by handling audit, bookkeeping, year-end accounts, personal tax, payroll, and iXBRL tagging. IRIS holds industry-leading certifications, including ISO 27001, GDPR compliance, and quality assurance standards like ISO QMS 9001:2015, ISO ISMS 27001:2013, and PIMS 27701:2019.

About IRIS Software Group

Founded more than 45 years ago, IRIS Software Group (IRIS) is a leading global provider of mission-critical software and services and one of the UK’s largest privately held software companies. IRIS is a trusted partner to more than 100,000 customers across 135 countries, empowering finance, HR and payroll teams, educational organisations, and accountancy practices of all shapes and sizes to look forward with certainty and confidence.

IRIS is certified as a Great Place to Work® in the UK, Ireland, India, Canada and the USA and recognised as one of The Times Top 50 Employers for Gender Equality in 2023. IRIS is also recognised as one of the Best Workplaces for Wellbeing, one of the Best Workplaces in Tech and one of the Best Workplaces for Women.

To see how IRIS helps organisations get things right first time, every time, visit www.iris.co.uk, or follow IRIS Software Group on LinkedIn, Twitter and Instagram.

Media contact 

IRIS Software Group
news@irisglobal.com

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CHINT Shines on Forbes Global Brand Top 30

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SHANGHAI, Nov. 22, 2024 /PRNewswire/ — The “2024 Forbes China Go-International Brands Top 30” results have been officially announced. CHINT has earned a spot on the prestigious list and is recognized for its outstanding performance and significant contributions on the global stage. This honor highlights CHINT’s high recognition in international markets and marks a solid step forward in advancing Chinese brands globally.

After more than two decades of overseas development, CHINT Group has steadily expanded its business to over 140 countries and regions worldwide, covering key industries such as low-voltage electrical appliances, smart electrical equipment, instrumentation, and green energy. CHINT Global’s globalization strategy is reflected not only in its extensive business layout but also in the localization of talent and R&D.

Globally, CHINT employs over 50,000 people across five business regions and more than 40 subsidiaries, with a local talent rate exceeding 66%. The company has established 20 research institutes worldwide, focusing on the customized development of localized products, investing 3%-12% of its annual sales revenue in R&D, accumulating over 8,000 authorized patents, and participating in the formulation of industry and international standards more than 400 times.

Regarding localized manufacturing, CHINT Group has 28 manufacturing bases globally, including eight overseas, with product lines covering the full range of products. Regarding localized delivery, local logistics centers have been established in all five business continents, increasing international project coverage by over 50% and shortening the average delivery cycle by more than 60 days.

The Forbes Brand Going Global award for CHINT means a high recognition of its efforts in implementing globalization strategies, promoting localized operations, and driving innovative development. This honor is not only an affirmation of the past but also an inspiration for the future. CHINT Global will continue to forge ahead, striving to become a global leader in the full industry chain of smart electrical energy solutions, and will continue to contribute to the development of the global energy and electricity industry.

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KBR’s Market-Leading Ammonia Technology Selected by AMUFERT, Angola

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HOUSTON, Nov. 22, 2024 /PRNewswire/ — KBR (NYSE: KBR) announced today that it has signed an agreement with AMUFERT for the development of a new ammonia plant in Soyo, Angola.

Under the terms of the contract, KBR will provide a technology license, proprietary engineering design, equipment and catalyst solutions for AMUFERT’s 2,300 metric tons per day ammonia plant. Leveraging KBR’s proprietary technologies and expertise in ammonia, the planned facility will assist Angola and its neighboring countries move towards greater food security and self-sufficiency.

“We are thrilled to be a part of this project and support AMUFERT’s efforts in accelerating sustainable agriculture in Angola through our leading ammonia technology,” said Jay Ibrahim, KBR President, Sustainable Technology Solutions. “KBR has a proud legacy in Angola, and we look forward to working closely with AMUFERT and our partners to ensure the success of this important project.”

KBR is a world leader in ammonia technology and has been at the forefront of innovation in the ammonia market for decades. Since 1943, KBR has licensed, engineered or constructed over 260 grassroot ammonia plants worldwide.

About KBR

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 37,000 people worldwide with customers in more than 80 countries and operations in over 30 countries.

KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.

Visit www.kbr.com

Forward Looking Statements

The statements in this press release that are not historical statements, including statements regarding future project performance, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks, uncertainties and assumptions, many of which are beyond the company’s control, that could cause actual results to differ materially from the results expressed or implied by the statements. These risks, uncertainties and assumptions include, but are not limited to, those set forth in the company’s most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks and other U.S. Securities and Exchange Commission filings, which discuss some of the important risks, uncertainties and assumptions that the company has identified that may affect its business, results of operations and financial condition. Due to such risks, uncertainties and assumptions, you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

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SOURCE KBR, Inc.

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At Its European Innovation Day 2024, Huawei Advocates Collaboration to Unlock Europe’s Potential

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PARIS, Nov. 22, 2024 /CNW/ — Huawei hosted the 2024 “Europe Innovation Day” in Paris, an event where European tech leaders, business representatives, and innovation experts explored opportunities for cross-border and cross-industry collaboration. Under this year’s theme of “Unleashing the Potential of European Innovation,” the event addressed critical challenges in Europe’s digital transformation, offering strategies to strengthen regional ecosystems and enhance global competitiveness.

Driving Europe’s Digital Progress through Cooperation

Jesus Contreras, Chief Operations and Financial Officer of EIT Digital, stated: “Innovation is never a solo endeavor; it relies on collaboration and exchange among all parties.” He emphasized that digital innovation flourishes when global partners and customers with diverse perspectives unite, bringing energy and momentum to collaborative efforts.

Nicola Caputo, Regional Minister of Campania (Italy) and Member of the European Committee of the Regions, highlighted the challenges Europe faces in its digital transformation, such as insufficient digital literacy, lagging commercial adoption, and uneven 5G coverage. He called for governments to strengthen cross-border cooperation to boost Europe’s global competitiveness in the digital economy.

Ximo Puig, Spain’s Permanent Representative to the OECD, stated: “Innovation is essentially a framework. Governments, businesses, and society must leverage this framework to collectively foster long-term development and build a fully connected world.”

Laurent Lafforgue, a renowned mathematician at Huawei Technologies France, said: “The rapid advancement of technological innovation relies on solid foundational theories. Robust theoretical research is essential to achieving sustainable and long-term technological progress.”

Huawei’s Commitment to Long-Term Investment

 “Innovation is a long-term process,” remarked Yu Liang, Vice President of Huawei Cloud Global Ecosystem. He affirmed Huawei’s dedication to fostering open collaboration that drives both societal and commercial value. Yu further announced Huawei’s partnership with Station F to launch a sustainability-focused incubation program, aiming to support 10 startups in sectors like retail, automotive, and industrial manufacturing, enabling them to achieve rapid growth within a seven-month incubation period.

Advancing Digital Transformation and Building Europe’s Future

At the “Driving Digital Transformation for Europe’s Emerging Innovators” forum, co-hosted by Euronews and Huawei, participants underscored the necessity of cross-sector collaboration and open ecosystems. Key speakers included Horst Heitz, Chair of SME Connect Steering Committee; Ana Paula Nishio de Sousa, Director of Digital Transformation & AI at the UN Industrial Development Organization; Alexander Pisemskiy, CEO of Zenpulsar; and Gaurav Tripathi, CTO of Partex NV. They emphasized the need for open data-sharing platforms and collaborative ecosystems to cultivate a more inclusive and adaptable innovation environment.

Huawei Cloud will continue to invest in Europe by delivering stable and reliable cloud infrastructure, working with government agencies and universities to cultivate digital talent, and supporting startups to scale across regions,” said Zhu Xiaoming, Vice President of Huawei Cloud Global Industry Development. He noted that Europe’s digital transformation is advancing slower than the targets outlined in the Europe Digital Decade 2030 plan, particularly in areas such as data and artificial intelligence.

Promoting Inclusivity and Women Innovators

Berta Herrero, Head of Diversity, Equality, and Inclusion at Huawei Europe, moderated a panel discussion on empowering women innovators. Panelists included Rebeca de Sancho Mayoral, Senior Adviser on EU Innovation & Access to Finance at the European Commission; Egle Ciuoderiene, Founder of Duevo; Iva Tasheva, Co-Founder and Cybersecurity Lead at CyEn; and Gaia Verzelli, an alumna of Huawei’s Women Leadership School. They shared insights into EU funding and policy initiatives designed to support women entrepreneurs and called for greater female participation in the tech innovation ecosystem to foster an inclusive and diverse environment.

A Call to Action

Closing the event, Tony Yong Jin, Director of Business Environment Affairs of the European Region at Huawei, called on all parties to take decisive action to drive digital innovation and build a more connected, inclusive, and sustainable Europe. He stated, “Today, I call on all of us to embrace digital innovation—not just because of its promises, but because of its profound impact on every individual, family, and community.”

View original content to download multimedia:https://www.prnewswire.com/news-releases/at-its-european-innovation-day-2024-huawei-advocates-collaboration-to-unlock-europes-potential-302314116.html

SOURCE Huawei Technologies Co., Ltd

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