Having reviewed all of the current providers of online accounting software packages, one of the UK’s leading accountancy franchises has selected KashFlow as its exclusive online software provider to recommend to its entire network of accountants.
Leading accounting software company KashFlow has won a contract to become the exclusively recommended software package to one of the fastest growing accountancy franchises, abacus Accountancy Network.
abacus conducted a review of the entire range of online accounting software products that are currently on offer in the UK marketplace and selected KashFlow as its provider of choice.
The software package will be white-labelled in order to facilitate it being branded as the abacus Accountancy Network and is currently being recommended to the company’s entire network of accountants who will, in turn, recommend it to their client base that is currently comprised of over 5000 businesses and rapidly growing.
Speaking about winning the contract the Managing Director of KashFlow, Duane Jackson said,
“We're delighted to have been chosen as the exclusively recommended online accounting software for the abacus network of accountants. Having met most of the accountants in their network, the thing that really struck me was how pro-active they all are.”
He continued, “This sits well with our ethos of enabling accountants to focus more on their roles as knowledgeable advisors and not have to worry about making sure their clients are maintaining accurate and up-to-date records."
Managing Director, abacus Franchising Company ltd, Stephen Jackson, said,
“After extensive market research of online products, there was in my opinion only one choice, KashFlow. They have robust systems, flexible approach to client needs ensuring the product is tailored for each individual client’s requirements without losing the capability of integration with statuary accounts production packages such as CCH.
“As a company kashflow have a strong client orientated ethos, and a very friendly and approachable management style.
“I am looking forward to a long and successful association between our two companies.”
As part of the contract process, representatives from KashFlow, including the Managing Director, travelled to the abacus Franchising Company Annual Conference in June in order to demonstrate the software’s capability and functionality to existing franchisees.
Currently, over 25% of abacus accountants use the KashFlow software with a further 25% expected to make the switch by the end of August. The company is the only franchise approved by the British Franchise Association (BFA) that stipulates that their accountants must have qualifications from one of the UK’s recognised accountancy bodies.
The latest significant contract win comes at an exciting time for KashFlow who also recently signed a partnership deal with global payment gateway provider PayPal as well as TaxAssist Accountants.
The company is also in discussions with a major international company to deliver further relevant services to its users and hopes to make an announcement about this shortly.
Speaking about the company’s wider growth and business strategy moving forward, Duane Jackson of KashFlow said,
"We've taken the strategic decision to focus on what we do best - providing easy to use accounting software. To deliver other value-added services, we are integrating with other companies that excel in their own particular area of business.”
Payment processing, payroll and accounts production aren't our main area of competency, so rather than produce a second-rate product to cover the additional needs of our customer base, we're instead actively working on providing close integration with key players in these industries.”
KashFlow launched its flagship product, an online tool specifically designed to help owner-managers in small businesses manage their accounts, in mid 2005. Since that time it has quickly won a significant share of the valuable accounting software market along with launching a new direct-to-accountant division in late 2006.
In late 2007 KashFlow won a Business Software Satisfaction Award, judged entirely by customer feedback, for the category of web-based accounting, beating the likes of Sage and Netsuite.
The KashFlow accounting package is securely hosted online; requires no installation and can be trialled for 60 days for free by visiting http://www.kashflow.co.uk.
The site also displays examples of feedback from actual users.
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In 2007 KashFlow won a Sift Media award, judged entirely by customer feedback, for the category of web-based accounting beating the likes of Sage and Netsuite
In June 2008, KashFlow became the first accounting software package to be certified by PayPal for integration with its payment platform. PayPal and KashFlow now work in partnership to provide a seamless, end-to-end, payment processing and accounting system
KashFlow has received two rounds of venture capital funding from Lord Young of Graffham, former Secretary of State for Trade & Industry and ex Chairman of Cable and Wireless
KashFlow is simple to operate, with users instinctively knowing where to click to perform almost any accountancy task
KashFlow’s development is unique from any other in that user feedback is the key driver behind every new development and additional functionality
Owner managers are able to effectively manage their accounts with no need for software training or prior knowledge of accountancy
KashFlow has been featured in the likes of the Financial Times, Daily Mail, The Daily Telegraph, The Mail on Sunday and all the leading accounting titles.
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abacus Editors Notes:
abacus is one of the leading accountancy franchises in the UK.
abacus Accountancy Network is a member of the British Franchising Association (BFA).
abacus if the only member of the BFA to stipulate that only qualified accountants can join.
The abacus Accountancy Network was developed after a two year pilot scheme which included extensive market research into the SME market.
abacus are able to offer a complete service, the abacus Franchise is part of the abacus Group of companies who have expertise and partnerships in accountancy, financial and business services are able to support the accountants and their clients in the abacus Network.
abacus held their first abacus Franchising Company Annual Conference in 2008
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