IRIS Software’s investment in Instead can be cited as a strategic partnership rather than a minority investment.
The leading HR, accountancy, and payroll software provider hopes to elevate Instead’s marketing and sales capabilities by lending a helping hand. But it’s not a single-sided investment.
Both parties are in a more symbiotic partnership, where the AI-driven tax platform helps IRIS evolve its accountancy management through intelligent automation. It marks a significant step towards innovation for the companies as they promise to deliver more intelligent and accessible solutions in their respective domains.
“Our investment in Instead marks an important step in supporting meaningful innovation in the market for the benefit of US customers,” remarks the President of IRIS Americas.
This investment situates IRIS at the forefront of change and establishes it as a game changer, kickstarting innovation in the accountancy market. Meanwhile, Instead has illustrated excitement, especially as they step closer to upholding their promise – simplifying compliance and innovating tax work for enterprises.
The partnership accelerates the individual organization’s missions, elevating their accuracy and leveraging AI to free up employees for high-value tasks. In the long term, this will boost efficiency and performance.
As part of this, the businesses have agreed to collaborate closely, fostering innovation and bringing in expert insights. They will now be able to apply AI-driven and customized solutions to real customer challenges by aligning capabilities and in-depth industry expertise.
This collaboration between IRIS and Instead is a channel to challenge the conventional ways of driving advancement in the tax and accounting landscape.