Corporate Governance
We are committed to the highest standards of corporate governance and here you can find details about our policies, processes and information about our business.
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Diversity Pay Gap Reports
We are driven by a core belief: people are our most valuable asset and we’re proud of their talents, enthusiasm, achievements and passion to serve our customers.
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Annual Report and Financial Statements
As one of the UK’s largest privately held software companies, we recognise the importance of the Walker Guidelines and the Private Equity Reporting Group in demonstrating a commitment to transparency and disclosure.
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Governance at IRIS
We’re committed to the highest standards of governance for ourselves and our customers, so they can get it right first time, every time. Here’s an overview of our governance and the policies and processes we have in place.
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Modern Slavery Statement
Our statement highlights the steps we’ve taken during the financial year to ensure slavery and human trafficking is not taking place in our business including our supply chain.
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IRIS Group – Tax Strategy
An overview of our company tax strategy.
Diversity Pay Gap Report
Our priority is to encourage and recognise every success with an emphasis on teamwork as well as individual contribution. We believe transparency, sharing and accountability creates a stimulating and rewarding work environment. That’s why we publish our gender pay data every year.
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2023
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2023
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2022
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2021
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2020
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2019
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2018
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2017
Elements Topco Limited – mid-year update for the six months ended 31 October 2024
IRIS’ purpose is to be the most trusted provider of mission-critical software and services, ensuring customers get it right first time, every time.
During the first six months of the financial year, the IRIS Group (“Group”) has continued to deliver against its strategic objectives, including expansion in North America and growth of our managed services and cloud revenue.
The key highlights of the first six months include:
- Reported results for the first half of the year showing strong continued EBITDA growth compared to the same period in the prior year
- Alongside continued integration of the six acquisitions completed in FY24 (Bridgehead, Blue Octopus, Bishop Fleming, Cavu, Source One and Payroll Data Processing), completed the acquisition of Swipeclock, a U.S. technology leader in small and medium sized business workforce management solutions through its cloud platforms, WorkforceHub and ApplicantStack. The acquisition of Swipeclock accelerates innovation within Swipeclock’s cornerstone products and expands IRIS’ integrated Human Capital Management (HCM) suite, which includes payroll, HR, recruitment and talent management offerings. In addition IRIS also completed the acquisition of School Spider in October 2024. School Spider is an all-in-one engagement platform used by 650+ schools across England, with comms, payments and website management functionalities.
- In December 2024, IRIS also announced it had completed the acquisition of Dext, a leading bookkeeping automation platform provider. The acquisition will unite two sector-leading cloud-based platforms – Dext’s Bookkeeping Automation Platform and IRIS Elements – to deliver a complementary and fully integrated, end-to-end solution for accountants, bookkeepers, and businesses.
- IRIS has also received recognition through the following accolades:
- Won the ‘Payroll Innovation’ category at this year’s Global Payroll Association Awards for Troncmasters by IRIS
- Shortlisted for The Thames Valley Tech & Innovation Award’s “Tech Company of the Year”
- Recognised on the UK’s Best Workplace for Development list: a new award for 2024 that recognises companies that prioritise employees’ learning and development
- India Centre of excellence was included in the Top 24 of 2024 for the Best Employer Award.
- Won the HR Leader of the Year category.
- IRIS India awarded Great Place to Work for a second year running.
- Technical Innovation – National Supplier Award – IRIS Networx & Blue Octopus have been recognised for our trailblazing recruitment solution
- Shortlisted for two more awards: ICB UK (Institute of Certified Bookkeepers) and Tech Deal of the Year at the UK Tech Awards 2024.
Reports & Updates
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October 2024
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April 2024
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October 2023
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April 2023 Addendum
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April 2023
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October 2022
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April 2022
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April 2021
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April 2020
For further information on the performance of the Group, including definitions and basis of reporting please refer to our financial statements. If you have any questions in respect of this information, please contact Sara.Lewis@iris.co.uk.
Governance at IRIS
In 2017, we set up an Information Security and Governance Forum that meets at least quarterly and includes members of our Executive team, the Chief Information Officer, the Group Head of IT and the Group Data Protection Officer.
We also have divisional information governance groups containing key stakeholders from each department to steer reviews and improvements to our departmental policies and procedures.
Review our documentation
This includes reviewing our policies, our supplier and sub-processor contracts, as well as any customer-facing documents, to ensure they include all the necessary data protection requirements.
Adopted company-wide protocols
We have a Group Data Protection Policy, personal data incident reporting procedure, actively carry out security checks on all staff on recruitment and have a Group summary of our Acceptable Use and Information Security Policies (this summarises the requirements of our more detailed Information Security Management System).
Our Group policies are available to our customers on request via their Account Manager.
Staff training
All colleagues complete mandatory corporate training on data protection and information security, rolled out on staff induction and each training session is refreshed at least once per year. Topics include:
- Health & Safety Policy
- IT Change management policy
- Anti-Money Laundering Policy
- Anti-Money Laundering Course & video
- Prevention of Criminal Facilitation of Tax Evasion Policy
- Anti-Trust Compliance Competition Law Policy
- Anti-bribery policy
- Anti-bribery training
- Business Continuity Policy
- Business Continuity Training/Presentation
- IRIS Data classification and handling policy
- IRIS Records Management Training Course
- Privacy and Security Awareness Training course
- IRIS understanding Privacy by Design Course
- IRIS Phishing awareness training Course
- IRIS Group Data Protection Policy
- Information Security and Acceptable Use Policy
- Sanctions Policy
- ISO 9001 Quality Policy
- What is Secure Coding (Training for engineering security group)
Transparency
We’re aware our products and services may be integral to the processes that our customers implement in order to meet some of their own data protection obligations. Consequently, we have identified the need to provide our customers with more information about how certain aspects of our software work.
This will help customers (as data controllers) to identify how they process personal data and how it is shared with third parties such as HMRC and Companies House. We have, therefore, been producing guidance to assist our customers in this respect and to help their understanding of any non-obvious processes in order to incorporate this information into their own compliance plans.
Please contact your account manager for more information about the specific IRIS products you are using.
Other useful links about our policies and data protection
Useful governance information about our products
Understanding the new Data Protection Laws
We would strongly recommend customers seek their own legal advice if they are unsure about the implications of the new data protection laws on their businesses.
Legal Disclaimer
The information contained on this website is for general guidance purposes only. It should not be taken for, nor is it intended as, legal advice. While we have made every effort to ensure that the information provided on this website is correct and up to date, we make no promises as to completeness or accuracy and the information is delivered on an “as is” basis without any warranties, express or implied. We will not accept any liability for errors or omissions and will not be liable for any damage (including, without limitation, damage for loss of business or loss of profits) arising in contract, tort or otherwise from the use of or reliance on this information or from any action or decisions taken as a result of using this information.
