Market-leading UK cloud accounting system for micro businesses and freelancers becomes a key element of Lloyds Banking Group’s new Business Toolbox.
Pioneering cloud accounting company FreeAgent has strengthened its credentials as a champion of UK small businesses by being chosen as a key component of Lloyds Banking Group’s new Business Toolbox.
FreeAgent’s market-leading cloud accounting system for micro businesses and freelancers will be offered to Lloyds and Bank of Scotland customers through the new service - an online toolbox of services and apps designed to help small business owners manage their ventures more effectively.
The Business Toolbox, which is powered by Smarta, offers a range of leading small business services aimed at making it easier for customers to manage tasks such as accounting, email hosting, credit checking, website building and legal assistance. Customers simply pick which services they want to use from the toolbox list, and build up a bespoke monthly subscription based on their choices.
Ed Molyneux, CEO and co-founder of FreeAgent, said: “Lloyds Banking Group is the biggest bank in the UK so we’re delighted to have been selected by them to feature in their new Business Toolbox, which will provide small business owners across the country with the best online tools to manage their ventures.
“Being chosen for inclusion in the Business Toolbox is not only great recognition of the strength of our accounting system, but also a validation of our commitment to helping put small businesses in control of their finances.
“FreeAgent already helps more than 35,000 small businesses and self-employed people to manage their bookkeeping and stay on top of their business finances - so it’s great that Lloyds Banking Group has recognised the importance of cloud technology and how it can make a huge difference. We look forward to working with them and introducing FreeAgent to many more people who require the best tools to run their businesses."
Nick Williams, Consumer Digital Director, Lloyds Bank said: “We are committed to helping UK businesses and the Toolbox has been designed to offer small business owners the very best online tools that will help them run their businesses more effectively and save money.
“FreeAgent is a highly respected cloud accounting system that already helps thousands of small businesses across the UK manage their finances, so we’re very pleased to be offering their service to our customers through the Business Toolbox.”
FreeAgent provides the UK’s market-leading online accounting system designed to meet the needs of micro-businesses, freelancers and their accountants. More than 35,000 customers currently use the multi award-winning system to manage and maintain their business accounts, track time, log their expenses, create and send invoices and forecast their tax bills.
For the past two years, the company has been ranked in the top 20 of the Deloitte Fast 50 - the annual list compiled by Deloitte that highlights the fastest-growing technology companies in the UK. FreeAgent was also listed in the 2014 FinTech50 rundown of Europe’s most innovative financial technology companies.
FreeAgent was the winner of the 2014 PC Mag Business Choice Award for accounting software, the Practice Software Product of the Year title at the 2014 British Accountancy Awards and the Small Business Accounts and Expense Management awards at the 2013 AccountingWEB Software Satisfaction Awards. FreeAgent is also an official 2014 ICAS partner.
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