Accounting Software - KashFlow announces expansion into the Republic of Ireland

KashFlow announces expansion into the Republic of Ireland

Tuesday, 11th May 2010 - For Immediate Release

Press Release KashFlow has announced that it has signed an agency agreement with leading Dublin Accountant, Gerard Kiernan and his partner, Tommy Boyle, to promote KashFlow cloud accounting software to Irish accountants and their small business clients.

This move, the first agency signing for KashFlow, sets the stage for further expansion for one of the UK’s greatest software success stories. Started just four years ago, the company now has more than 5000 users in the UK and 230 members of its accountants’ partner programme and is fast winning market share at the expense of traditional accounting software packages.

KashFlow holds two current Software Satisfaction Awards: one for the best small business accounting software package of the year and one for the best web-hosted accounting software package of the year.

KBK Consultants Ltd has been awarded exclusive rights to a potentially significant market which has seen considerable investment in recent years resulting in a high number of small businesses in KashFlow’s target market ie employing less than 15 staff and with a turnover of less than £1.5m.

Gerard Kiernan of Gerard Kiernan & Co, Chartered Certified Accountants, is excited at the prospect of converting the Republic of Ireland to the ‘cloud’. He said: “Firms are excited at the prospect of the ‘cloud’ as it represents a more innovative way of running their businesses. From the accountant’s perspective, the ‘cloud’ allows us to provide a better level of customer service by communicating with the client in real time over the Web.”

“We are extremely impressed with KashFlow: it’s a good package and when combined with the concept of ‘cloud’ computing, it makes for a winning formula.”

Gerard signed up to the KashFlow Partner Programme in January of this year. Aimed specifically at helping accountants to become closer to their clients, the programme provides:

- Online access to all client accounts

- Option to display a Trial Balance for any of your client accounts

- Access to information relating the number and times clients have logged-on

- Option for both the accountant and the client to be logged into the account at the same time

- Clients can log into your website to access KashFlow with your own practice branding

- Add news items and advice that appears on the clients’ overview page

- Free listing in KashFlow accountants’ directory and on the web site and on www.accountancysearch.co.uk

Michelle Gorsuch, Sales Director at KashFlow commented: “We are delighted to welcome KBK as new members of the team. They realise the potential that KashFlow can have in a changing market where small business owners need flexibility as well as reliability. We wish them every success.”

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About KashFlow

KashFlow is an online tool specifically designed to help owner managers in small businesses manage their accounts. KashFlow's aim is to take the boredom out of managing a company's accounts and to make the day to day tasks easier to achieve so that less small businesses neglect this area.

KashFlow keeps accounts management simple: it requires no installation, software training or prior knowledge of accountancy.

All users benefit from a free, no obligation 60-day trial. The monthly subscription price is £15.99 a month - including free support and upgrades.

Contacts

For further editorial information, contact:

Dominique Gillespie
PR Manager
dom@kashflow.co.uk; 020 7403 0101

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Notes to Editors

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.

In October 2008 KashFlow won a Business Software Satisfaction award, judged entirely by customer feedback, for the category of small business accounting - beating the likes of Sage 50, Quickbooks Pro and MYOB. Statistics revealed by the awards organisers show that KashFlow has a 70% share of the web-based accounting software market in the UK.

KashFlow has received two rounds of venture capital funding from their now chairman, Lord Young of Graffham. Lord Young is a 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.

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, BBC Radio and all the leading accounting titles.