IRIS Financials vs. Thomson Reuters CS Professional Suite

Iris Financials meets our needs by providing a single platform for our finance users to access real time data. This is aided by accurate reporting which can be accessed over the cloud or on premise, we chose the cloud solution. Our users report that the system is methodical and matches out working processes.

Incentivized

It is extremely suitable for the client since for us they are all US-based companies, even though the main headquarters of our business is in Mexico.

It is less appropriate in terms of usability than taxes, since it does not include adaptability to Mexican legislation, and its deployment through customizations and reports is extremely expensive.

Incentivized

• Payroll
• Remote Access
• Reporting

Incentivized

• Allows users to create associations, groups, locations, or property types to categorize each asset.
• Fixed Assets CS can be deployed in a virtual office setting or as a SaaS application.
• Fixed Assets CS also supports common depreciation methods.

Incentivized

• Cost
• Support
• Better Integration with HR/MIS

Incentivized

• Requires a time investment for the learning curve to fully utilize the benefits provided by CS Professional Suite.
• Older looking UI and aesthetic.

Incentivized

Once implemented Iris Financials is fairly intuitive to use. Our staff report that they can use the system comfortably after only a few hours of training. Depending on any previous systems that you use implementation can be quite lengthy but the migration team we dealt with worked with us and helped us to get the most out of setup experience.

Incentivized

The platform is stable even though a version for MacOS is also missed.

In general, the user management and administration process is intuitive and once the roles are defined it is simple and easy.

However, the user experience has become out of date in relation to other web-based platforms currently available on the market.

Incentivized

Support for Thomson Reuters is very in-depth as they have a ton of knowledge articles that help troubleshoot common issues and gives a launching pad for users to learn more about the product and help them use the tools effectively and efficiently. When needed, reaching out to the live support is always prompt and we are able to effectively work past any issues that come up.

Incentivized

FMS was used previously in our organization but it lacked any central overview (MAT View) which made it difficult to manage and collect/analyze data . IRIS Financials added this much needed central layer to assist our CFO and finance users, and transfer them in to a central way of working.

Incentivized

Thomson Reuters is all I have experience with.

Incentivized

• Time savings
• greater record accuracy
• greater visibility of budgets

Incentivized

• Not authorized to view the large scale picture of Thomson Reuters CS Suite on ROI, however, it has been a part of the business model for years with constant updates and is only getting more and more efficient as time goes on.

Incentivized