Innovative Real Estate Investment Services (IRIS) Value, a valuation services provider, released an update to its Web-based software system. The software automates the enforcement of compliance rules during the broker price opinion (BPO) submission process and provides an automated BPO system. “The system automation significantly increases quality while also reducing our operating costs. These savings are passed directly to our clients through pricing,” said operations manager Jeff Miller. IRIS Value is a privately held company based in Sarasota, Fla. Write to Austin Kilgore.