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IRIS Financials Alternative: Evaluate UK Finance Software for Growing Businesses

If you're evaluating IRIS Financials alternatives or planning a move from legacy systems, this guide compares Access Financials and IRIS Financials to help UK organisations choose the right financial management platform.

Whether you're in education, not-for-profit, professional services, or manufacturing, understanding each platform’s strengths ensures you make a confident, future-ready decision.

6 minutes

Written by Steve Thomas, Finance Software and Systems Specialist.

Trusted by 1000s of finance leaders in the UK

Key Differences: Access Financials vs IRIS Financials

Both platforms offer comprehensive financial management with similar core functionality. The primary differences lie in three areas:

1. Deployment Philosophy

Access Financials is a native cloud SaaS platform with automatic updates and no server management. 

IRIS Financials offers deployment choice, on-premise or cloud-hosted, which may suit organisations with existing infrastructure.

2. Market Approach

Access Financials serves diverse sectors with adaptable solutions across professional services, financial services, manufacturing, not-for-profit, education. 

IRIS Financials concentrates on education, public sector, and not-for-profit with deep specialisation in these markets.

3. Review Visibility

Access Financials has established presence on review platforms (4.1-4.3 stars). 

IRIS Financials has limited visibility on major review sites, which may make it harder to assess customer satisfaction.

Access Financials vs IRIS Financials: Feature Comparison

Features:
Access Financials
IRIS
Core Capabilities
General Ledger
✔ Multi-dimensional
✔ Unified ledger system
Multi-Company
✔ Unlimited entities
✔ Available
Reporting Tools
✔ Real-time dashboards
✔ SQL reporting services
Approval Workflows
✔ Multi-level configurable
✔ PS Workflow module
Project Accounting
✔ Full project suite
✔ Available
Fixed Assets
✔ Comprehensive
✔ Asset tracking
Budgeting
✔ Integrated planning
✔ Financial Planner module
Document Management
✔ Native attachment
✔ PS Document Attachment
Deployment & Technology
Cloud Deployment
✔ Native SaaS
✔ PS Cloud hosted option
On-Premise Option
✘ Cloud only
✔ Available
Payroll solutions
✔ Owned
✔ Third-party
API Type
✔ REST APIs
⚠️ .NET APIs
Updates
✔ Automatic
⚠️ Managed updates
Sector Solutions
Professional Services
✔ Tailored solution
✔ Supported
Manufacturing
✔ Specific features
✔ Supported
Not-for-Profit
✔ Charity/Hospice accounting
✔ Strong specialisation
Education
✔ School/MAT solutions
✔ Market leader (MATs)
Health & Social Care
✔ Care-specific features
✔ Established presence
Recruitment
✔ Timesheet integration
✔ Supported
Implementation & Support
UK Support Team
✔ 250+ specialists, UK-based
✔ UK-based team
Support Channels
✔ Phone & Email
✔ Phone & Email
Implementation
✔ Dedicated project team
✔ Partner or direct
Training
✔ Tailored programmes
✔ Training available
User Community
✔ Growing network
✔ Established base
Reviews & Reputation
Trustpilot
⭐⭐⭐⭐ 4.1/5
⚠️Limited presence
G2
⭐⭐⭐⭐ 4.2/5
⚠️Limited reviews
Capterra
⭐⭐⭐⭐ 4.3/5
⚠️Limited reviews

Deployment Models: Cloud-First vs Choice

Access Financials operates exclusively as a cloud SaaS solution. All infrastructure, updates, and maintenance are handled automatically. This approach ensures all users have the latest features and security updates simultaneously.

IRIS Financials offers deployment choice. Organisations can select on-premise installation for complete control or PS Cloud hosting for managed infrastructure. This flexibility suits organisations with specific IT policies or existing infrastructure investments.

Pricing Approach: Tailored Solutions

Both platforms use tailored pricing based on organisation size and required features.

Access Financials uses a subscription-based pricing model that includes all core functionality, implementation, and support.

IRIS Financials pricing varies based on deployment method (on-premise licensing vs cloud subscription) and selected modules.

Which Solution Suits Your Organisation?

The platforms are functionally similar: both provide comprehensive financial management for UK mid-market organisations. Your choice likely depends on these key factors:

Choose Access Financials when you:

  • Require cloud-only deployment with automatic updates
  • Operate across sectors needing flexible solutions
  • Value visible customer reviews and ratings

Choose IRIS Financials when you:

  • Need on-premise deployment option
  • Operate primarily in education or public sector
  • Have existing IRIS products in use

Join hundreds of businesses who've successfully migrated from Exchequer to Access Financials.

Both solutions serve UK mid-market organisations effectively. The right choice depends on your specific requirements. Find out if Access Financials is right for you!

FAQs: IRIS Financials Alternative Questions

What makes Access Financials a strong IRIS Financials alternative?

Access Financials offers similar core functionality with a cloud-only deployment, automatic updates, and broader sector coverage. It’s ideal for UK organisations seeking modern, scalable finance software.

Can I migrate from IRIS Financials to Access Financials?

Yes. Migration typically takes around 3 months, including data transfer, training, and parallel running. Access Financials supports similar financial structures, making migration feasible with proper planning.

Which is better for UK finance teams - Access Financials or IRIS?

Both platforms serve UK finance teams well. Access Financials suits organisations wanting cloud-only deployment and cross-sector flexibility. IRIS Financials suits those needing on-premise options or operating primarily in education/public sector.

How much does Access Financials cost compared to IRIS Financials?

Access Financials uses a predictable SaaS subscription model. IRIS Financials pricing depends on deployment choice and selected modules. Contact both vendors for tailored quotes.

What are the main differences between Access and IRIS financial software?

The key differences are:

  • Deployment: Access is cloud-only; IRIS offers deployment choice
  • Sector focus: Access serves diverse sectors; IRIS focuses on education/public sector
  • Review visibility: Access has more presence on review platforms

Is Access Financials suitable for schools and education like IRIS?

Yes. Access Financials provides comprehensive school and MAT financial management capabilities. While IRIS has deeper education sector heritage, Access delivers comparable functionality with modern cloud architecture.

Resources to help you switch finance software

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