News / Technology

We’re making it easier to allow third party software providers to directly access and integrate with XPLAN and, over time, to more IRESS products.

It’s all part of IRESS Open and our way of giving you more choice and flexibility around the applications you want your IRESS software to integrate with.

Under IRESS Open, you’ll be able to integrate your IRESS software with third party applications in two ways:

  1. Standard integrations - a new approach, available from January 2019, where you can directly engage with third party providers and give them your permission to integrate their application with your software. This simple, direct option facilitates the transfer of data with the third party application without the need for product development.
  2. Custom integrations - continuing our existing approach of comprehensively integrating third party software. Your choice of third party application can, subject to our permission and development work, be fully embedded in your IRESS software.

A range of standard integrations are already well advanced, to give XPLAN users access to a wide selection of financial modelling tools, risk profiling and portfolio analytic applications.

Talking about the reasons behind the development of IRESS Open, IRESS’ Group Executive - Product, Aaron Knowles, said the combination of standard and custom integrations will provide increased choice for clients seeking integrations with third parties.

“IRESS has a rich history of leading custom integrations with third party providers from fintechs to large providers such as Microsoft. These comprehensive integrations will remain an important part of what we provide.

“At the same time we are experiencing increased demand from clients who want to be able to directly connect a third party application to their IRESS product - without product development work needing to be undertaken.

“Standard integrations will make it simpler and easier for third party applications to be available to clients and users through XPLAN and, over time, to more of our products. This will further open our products and enable clients to determine what makes up their technology ecosystem.”

For more information, please speak with your account manager or keep an eye on the IRESS Open area on our website.

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