The deal, struck at the Softworld trade show in Hammersmith, will see LAMDA use Iris’s core financials, project costing, visual report writer and payroll programmes. The drama school will also buy in Iris’s ‘Sentimail’ technology, which sends alerts to executives and finance team members by email or text.

FD Cyril Wood said: ‘We were most impressed with the level of expertise demonstrated by the Iris Exchequer team.’ LAMDA bought the system because of the way it linked into Excel spreadsheets, which the drama school hopes will save time in the finance function.

Stuart Dawson, Iris Exchequer managing director, said the company was ‘delighted’ to have secured the deal.

Visit LAMDA at lamda.org.uk and softworld.co.uk