IRIS FMP
A detailed review of IRIS FMP's payroll software with pricing, comparisons to competitors, key info, and FAQs.
Updated on April 24th, 2023
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IRIS FMP is a payroll solution that offers comprehensive attendance management, check printing, and in-depth reporting, among other features. Originally known as Teamspirit Payroll, IRIS acquired the software in recent years.
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At-a-Glance:
Feature | IRIS FMP |
|---|---|
Price | From £50.00 +VAT /mo. |
Global payroll services | ✓ |
Third-party disbursements | ✓ |
Multiple pay rates | ✓ |
Tax reporting | ✓ |
Garnishments | x |
UK-based account manager | ✓ |
Customer support | Phone and email. |
Review:
IRIS FMP provides small businesses and sole traders with comprehensive payroll processing and reporting solutions. The platform also offers a dedicated account manager and outsourced payroll tools for efficient accounting and HR operations.
While ideal for users with international payroll needs, IRIS FMP lacks several core features, such as automated taxes, garnishments, and additional time-tracking tools. Local businesses may want to look elsewhere, such as Sage HRMS, for more robust tax filing services.
Pros:
- IRIS FMP offers fully managed payroll services tailored to users' individual needs.
- The software includes online payslips and payments, payslip distribution, and audited payroll calculations.
- The platform allows for international payroll processing.
- Other services include BACS payments, third-party disbursements, file management, and multicurrency support.
- The user dashboard gives businesses access to task lists, calendar notifications, and deadlines.
- There are in-depth payment and payroll reporting tools available.
Cons:
- IRIS FMP does not offer advanced tax filing solutions.
- The software features limited third-party integrations.
- The platform lacks garnishments, time tracking, and expense management tools.
Reputation:
We were unable to find any online reviews of IRIS FMP.
Pricing:
IRIS FMP's pricing starts at £50.00 +VAT per month. Interested users can fill out the site's online contact form for a custom quote.
IRIS FMP vs. Sage HRMS:
IRIS FMP and Sage HRMS both cater to U.K.-based businesses and allow for global payroll. Of the two, Sage HRMS has a wider variety of services on offer, including automated taxes, garnishments, and time tracking tools. While IRIS FMP's pricing starts at £50.00 +VAT per month, users need to contact Sage HRMS for pricing.
IRIS FMP vs. Sage HRMS Comparison:
Feature | IRIS FMP | Sage HRMS |
|---|---|---|
Price | From £50.00 +VAT /mo. | Contact for quote. |
Online payments and pay slips | ✓ | ✓ |
Advanced reporting | ✓ | ✓ |
Automated taxes | x | ✓ |
Document management | ✓ | ✓ |
Customer support | Phone and email. | Phone and email. |
IRIS FMP vs. Merit Payroll:
IRIS FMP and Merit Payroll both offer multiple payment schedules, online pay slips, and advanced reporting. However, Merit Payroll may be the better choice for users in search off additional time tracking and expense management tools. While IRIS FMP's pricing starts at £50.00 +VAT per month, Merit Payroll does not disclose pricing on its website.
IRIS FMP vs. Merit Payroll Comparison:
Feature | IRIS FMP | Merit Payroll |
|---|---|---|
Price | From £50.00 +VAT /mo. | Contact for quote. |
Direct deposits | x | ✓ |
Online payments and pay slips | ✓ | ✓ |
Time tracking | x | ✓ |
Global payroll | ✓ | x |
Customer support | Phone and email. | Phone, email, and live chat. |
IRIS FMP vs. Telleroo:
While IRIS FMP and Telleroo both cater to U.K.-based businesses, only the former is ideal for users in search of global payroll processing. By contrast, Telleroo may be the better option for a wider range of accounting tools, including cashflow monitoring and API access. Telleroo is also the more affordable choice, charging £35.00 per month.
IRIS FMP vs. Telleroo Comparison:
Feature | IRIS FMP | Telleroo |
|---|---|---|
Price | From £50.00 +VAT /mo. | From £35.00 /mo. |
Online payments and pay slips | ✓ | ✓ |
Bank information management | x | ✓ |
International payroll | ✓ | ✓ |
Tax filing | x | x |
Customer support | Phone and email. | Phone, email, and live chat. |
Key Information:
Legal Name | IRIS FMP |
Founder | |
Founding Date | Jan 01, 1979 |
Address | 4th Fl., Heathrow Approach, 470 London Rd., Slough, England SL3 8QY United Kingdom |
Number of Employees | 350 |
Number of Customers | 1000 |
Telephone | |
Website |
FAQs:
What is IRIS FMP?
IRIS FMP is a U.K.-based payroll platform that helps small businesses and sole traders efficiently manage payroll, payment, and reporting tasks.
What is IRIS FMP's price range?
IRIS FMP's pricing starts at £50.00 +VAT per month. Interested users can fill out the site's online contact form for a custom quote.
Is there a IRIS FMP free trial?
No, IRIS FMP does not offer a free trial.