ScaleUp Group announces it is applying its unique combination of tech sector expertise and international connections to obtain funding for AccountsIQ – an award winning provider of cloud Fintech Software, to enable it to fast track its international growth.
AccountsIQ software is specifically designed for businesses with multiple international subsidiaries, branches and franchisees to simplify how they capture, process and report their results. It facilitates anytime, anywhere, collaboration across multiple locations and real-time consolidation of results, providing easy access to group-wide business intelligence to track performance and inform future financial decisions. Its 350+ Clients include PwC, Grant Thornton, The Irish Times Group and Web Summit.
John O’Connell, Founder and Executive Chairman of ScaleUp Group said “AccountsIQ offers unique cloud based Financial Management software for small to medium sized groups, which it realised were poorly serviced by existing on-premise accounting software. The Company recently won the ‘Enterprise Accounting Software of the Year’ at the UK Accounting Excellence awards for the second year in a row. They have been growing consistently at 40%+ annually, so the time is ripe to scale up such growth.”
Tony Connolly, Founder and CEO of AccountsIQ said “We saw an opportunity to use the Cloud to deliver a Financial Management solution to geographically dispersed businesses, in a way not possible with legacy installed software. Low end small business accounting software cannot handle the complexity and high end solutions are too cumbersome and expensive for fast moving multi-entity businesses. We have retained SUG to raise strategic funding to deliver accelerated growth and allow us take advantage of the massive international potential of the product.”
About ScaleUp Group (SUG)
ScaleUp Group is a team of successful global entrepreneurs, board members and executives with over £4billion in exits formed to ‘Grow Global Champions’ by providing unique expertise, insights and connections to technology companies who have the ambition to #ScaleUp.
ScaleUp Group accelerates growth by helping to secure appropriate funding, using a tried and tested process and providing ongoing support during the growth journey, sourcing talent, board/advisory positions and trade/ client introductions via our extensive global ecosystem.
Designed for the cloud, AccountsIQ aims to simplify how Finance teams capture, process and report the results of multi-location businesses. It uniquely combines Accounting, Consolidation and Business Intelligence in one powerful platform, delivered as a fully hosted Software-as-a-Service. This cuts costs, boosts productivity and informs better decision-making for organisations that need to manage and benchmark multiple business units.
Contact: Paul Excell, firstname.lastname@example.org, +44 7860 615395 www.scaleupgroup.co