Accounting and audit tech update: Xero, QuickBooks and more
Accountancy Age’s monthly round-up of accounting and audit tech news, including new partnerships, acquisitions and product launches
On March 28, Irish software house Bright announced its acquisition of cloud practice management platform AccountancyManager. Bright believes that the deal will accelerate its bid to compete with sector giants such as Sage, IRIS and Xero.
On April 12, small business finance platform Capitalise became available for accountants to access on the Xero app store. According to Capitalise, this will allow accountants to segment portfolios, track facilities and create shareable reports for their clients.
On April 20, Danish financial consolidation company Konsolidator announced that it has released a free trial for Xero users. The company has also said that free trials will soon be available to Microsoft Business Central, Sage and QuickBooks users.
On April 21, Intuit QuickBooks announced a strategic partnership with Merseyside accounting group Wainwrights Accountants. The partnership will seek to aid Wainwrights in its expansion plans by providing its clients with access to the QuickBooks software suite.
On April 26, Xero announced its new Ultimate plan. Designed to complement Xero’s three existing business plans (Starter, Standard and Premium), the new package will include all of Xero’s core accounting features plus tools for more complex businesses, such as advanced analytics, employee management and multi-currency.
Finally, on April 26, cloud accounting platform Silverfin announced the acquisition of new CEO Lisa Miles-Heal. According to the company, this is the latest in a series of initiatives to support its global growth ambitions.
If you’re in accounting or audit tech and have a recent update the market should know about, email [email protected].