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What is Iris Finance?

Iris Finance stands out as a cutting-edge financial planning and analysis tool that utilizes AI to deliver immediate insights into profitability, cash flow, and operational efficiency for consumer brands and product-centric companies by integrating data from multiple sources such as ecommerce platforms, accounting software, advertising costs, payroll, and more into a unified system; this modern solution replaces the cumbersome manual reports and spreadsheets of the past by providing real-time profit-and-loss evaluations, daily updates on revenue and expenditures, automated forecasting, AI-driven cash flow strategies, and robust benchmarking tools, which collectively enable teams to make faster and more informed financial decisions. By effectively connecting with widely-used platforms including Shopify, Amazon, QuickBooks, Meta, Google Ads, NetSuite, Xero, TikTok Ads, and a variety of banking services, it compiles vital information regarding sales, costs, transaction fees, and advertising investments, ensuring that users have access to the latest performance indicators and can accurately assess profitability at the individual channel or SKU level, thereby promoting a more agile approach to financial management. This advanced capability not only empowers businesses to respond quickly to market fluctuations but also allows for a more strategic optimization of their financial plans, ultimately fostering sustained growth and competitiveness in the market.

What is Fondo?

Fondo is an all-encompassing accounting solution specifically crafted for startups, aimed at simplifying bookkeeping, tax filings, and tax credit applications, allowing founders to prioritize growth over financial details. Featuring a simple one-time setup, Fondo effortlessly integrates with your current financial systems, such as bank accounts, payroll software, equity management tools, and accounting platforms, while also providing the option to create a new system if necessary. Users enjoy a consolidated dashboard that delivers crucial insights into their financial health, cash flow, runway forecasts, and the status of tax returns. The platform automatically generates key financial documents, including profit and loss statements, balance sheets, and cash flow reports, as well as runway analytics, and assists in the preparation and filing of Delaware franchise taxes and federal and state corporate income taxes through its annual “TaxPass” subscription, which encompasses essential forms like 5471, 5472, and FBAR tailored for international startups. Furthermore, Fondo takes care of tax credit applications that users might be eligible for, potentially allowing startups to obtain annual credits reaching up to $500,000. This innovative solution not only simplifies financial operations but also empowers entrepreneurs to optimize their resources, enhancing their ability to scale their businesses effectively. Additionally, by freeing up time spent on financial management, founders can dedicate more energy to strategic planning and innovation, driving their startups toward greater success.

Media

Media

Integrations Supported

Amazon Web Services (AWS)
BILL
Google Ads
Meta AI
NetSuite
Plaid
QuickBooks Online
Shopify
TikTok
Xero

Integrations Supported

Amazon Web Services (AWS)
BILL
Google Ads
Meta AI
NetSuite
Plaid
QuickBooks Online
Shopify
TikTok
Xero

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

$599 per month
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Iris Finance

Date Founded

2023

Company Location

United States

Company Website

www.irisfinance.co

Company Facts

Organization Name

Fondo

Date Founded

2020

Company Location

United States

Company Website

www.tryfondo.com

Categories and Features

Business Intelligence

Ad Hoc Reports
Benchmarking
Budgeting & Forecasting
Dashboard
Data Analysis
Key Performance Indicators
Natural Language Generation (NLG)
Performance Metrics
Predictive Analytics
Profitability Analysis
Strategic Planning
Trend / Problem Indicators
Visual Analytics

Financial Management

Budgeting & Forecasting
Cash Management
Consolidation / Roll-Up
Currency Management
Financial Reporting
Investment Management
Project Management
Revenue Recognition
Risk Management
Tax Management

Categories and Features

Bookkeeping

Accounts Payable
Accounts Receivable
Bank Reconciliation
Billing & Invoicing
Cash Management
Collections
Expense Tracking
Fixed Asset Management
General Ledger
Payroll
Revenue Recognition
Spend Management
Tax Management

Corporate Tax

Compliance Management
Data Import / Export
Data Verification
Electronic Filing
Exception Notification
For Nonprofits
For Partnerships
K-1 Reporting
Payroll & Employer Forms
Status Tracking
Tax Planning

Financial Management

Budgeting & Forecasting
Cash Management
Consolidation / Roll-Up
Currency Management
Financial Reporting
Investment Management
Project Management
Revenue Recognition
Risk Management
Tax Management

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