Accounting Software - KashFlow signs exclusive partnership agreement with Entrepreneur Country

KashFlow signs exclusive partnership agreement with Entrepreneur Country

Thursday, 20th May 2010 - For Immediate Release

Press Release KashFlow has announced an exclusive partnership agreement with Entrepreneur Country, a community of 25,000 high growth businesses recognised as UK and Europes leading entrepreneurs. The award winning KashFlow online accounting software is to be recommended as the community's system of choice.

The agreement comes hot on the heels of an announcement that KashFlow is now taking on the Irish market and is indicative of the growing strength of the brand which is winning market share at the expense of some of the big players who have failed to recognise the potential of the online accounting software market.

A large proportion of Entrepreneur Country community members operate in the technology space and they have already embraced the ‘cloud’ and recognise that applications delivered remotely deliver a technological advantage along with flexibility and economies of scale.

Founder of Entrepreneur Country and founder and chief executive of Ariadne Capital, Julie Meyer, who also appears on the BBC’s Online version of Dragon’s Den said: “KashFlow has clearly demonstrated its support of the ‘cloud’ by developing a highly functional accounting system. It's perfectly suited to our members who are quick to appreciate its advantages as they are often at the cutting edge of online business themselves. KashFlow is ideal for start-ups and fast-growing businesses and we are delighted to be able to recommend it to our entrepreneurs.”

One of the fundamental reasons why KashFlow is so ideally suited to technology start-ups lies in its XML API which means that it is possible to integrate back office processes directly into the accounting system thereby increasing efficiency, saving time and reducing the risk of human error through the automation of the accounting processes. This is of particular benefit to online businesses dealing with a high volume of transactions on a daily basis.

The freedom KashFlow provides, allowing access to all the figures from anywhere with Internet access, holds real advantages for VC/Angel backers who can determine the financial position of their business interests in real time, no longer having to wait for monthly board meetings.

Duane Jackson, KashFlow’s founder and CEO commented: “Entrepreneur Country is a superb example of a community that works to support its membership. These big businesses of tomorrow have the desire to do more and more online and KashFlow answers this need. We look forward to a long and successful partnership.”

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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.