Creades invests SEK 102 million in Findity
Creades AB, a Swedish investment company, invests SEK 102 million in Findity and becomes the company's largest owner.
The SEK 102 million purchase of existing shares in Findity makes Creades AB (publ) the largest owner of Findity, at 35%. Creades was founded in 2011 and is listed on Stockholm Nasdaq OMX main market. Creades invests in listed and private companies, and other current holdings include Avanza, Instabox, Apotea and Mentimeter.
More than 30,000 customers use Findity's products to manage expense claims, entertainment, mileage and per diem. The company also offers its product as a white label, where partners such as American Express, BDO and Visma Spcs use Findity's technology for their own expense management solutions.
"We have followed Findity's development over some time and see great potential in the company. We are particularly impressed by their unique offering and go-to-market model, helping both organizations, finance departments and end customers. We're excited to now be a part of their exciting growth journey and support the company in its quest for further international expansion." - John Hedberg, CEO at Creades.
Findity has grown by more than 40% annually in the last few years. With a strong position in the Swedish market, Findity is currently expanding to new markets. The product is available in Sweden, Norway, Finland, Denmark, the United Kingdom, Germany, Spain and USA.
"We wish Creades a warm welcome to Findity. We are happy to have them onboard and looking forward to working with such a reputable company. Their extensive experience makes a great partner to continue to execute our international expansion and continued growth." - Patrick Olsson, CEO at Findity.
About Findity
Findity are experts in expense management. They help customers eliminate the frustration of managing expenses. By partnering with leading software and card providers, they offer a seamless expense experience integrated with businesses' current operations and people's everyday lives. Helping customers say goodbye to scraps of paper, smudged receipts, and missed reimbursements, and welcoming back time to do more with their day. For more information, visit findity.com.
About Creades
Creades AB (publ) was founded in 2011 and invests in small and medium-sized public and private companies, primarily within the Nordic region. Creades is listed on the Stockholm Nasdaq OMX main market. www.creades.se
Libeo opens office in London as part of UK expansion
Today Libeo, a fully integrated and automated business-to-business invoice management and payments platform, bridging the gap between invoice management, payments, reconciliation and accounting, announces the opening of its office in Hewett Street, Shoreditch – a vibrant area of East London in the heart of the SME community.
The office opening follows on from the announcement of Libeo’s launch in the UK led by Glen Foster, Managing Director for the UK & Northern Europe – a former Xero Sales Director for UK and EMEA.
Since the outbreak of the pandemic and introduction of hybrid working, a recent survey by Microsoft shows that 43% of leaders reported relationship building as their biggest challenge. Integral to the office opening is Libeo’s commitment to its culture of wellbeing, motivation and teamwork. With a firm footing across Europe, the office opening seeks to respond to the post-pandemic challenge of relationship-building due to remote working. All employees will also be offered a comprehensive private healthcare package.
Glen Foster, Managing Director for UK and Northern Europe, Libeo said: “The UK office provides a base for Libeo to pool its tech talent in the heart of London’s thriving start-up and scale-up community. The office’s collaborative workspaces will enhance the company’s focus on teamwork, while being at the centre of art, culture and creativity.”
Libeo will be exhibiting at Accountex Summit Manchester the 12 October 2022 at Manchester Central at stand C13. You can register for a free ticket here.
An increase of 45% of business need their funding urgently
Whether it’s to raise funds for business growth, continue expansion plans or simply accommodate cashflow changes, we found there’s been a huge increase in the amount of businesses needing funding right now.
Small businesses usually leave themselves 7 days to find funding. However, in our brand new research, an increase of 45% of businesses need their funding urgently, since just March.
This dash for cash indicates a shift in borrowing behaviour and the need for businesses to get finance urgently to keep their businesses growing healthily.
From soaring inflation and supply chain delays to changes to government lending, there’s a lot impacting your small business clients. The need for funding is most likely a direct result of this changing landscape.
However, the massive spike we’re seeing also indicates that these businesses are struggling to look ahead to spot cashflow risks and the need for supporting finance.
On average, we’ve consistently found that businesses would apply for funding just seven days before they needed it. It seems that this month, businesses need funding on the day they are start applying. A concerning statistic.
Less time available means businesses may have less options, and may have to settle for more expensive loans - that could inevitably put more pressure on their bottom line.
At Capitalise, we question how we can help businesses get ahead of their funding needs and better prepare ahead of time. The answer is their accountants and the tools we have to support you!
Here are some Capitalise tips and tools you can use to help support your clients:
1. Start conversations about cashflow
Your clients are dealing with a lot of unpredictability. But the most urgent cashflow problems and funding needs could be spotted with simple habitual conversations.
Being in control of the numbers is a key part of your value as an advisor, but asking the right meaningful questions really sets you apart.
Dive deep into how your clients are feeling about their business health as well as their future plans. This can keep you in the loop with everything going on in their world. Help reveal funding needs and predict what is needed to bring their plans to life.
If they mention difficulties making payments on time, an inability to hire new key staff or buy new equipment or even an expensive project coming up - it may highlight some roadblocks they’re hitting in terms of cash.
Getting to grips with this early, can help you plan with them the resources they need to keep plans moving forward and business ticking along. Now and in the future.
Top tip: Make funding an agenda point in every meeting.
2. Get insights into your clients cashflow changes
The changing landscape puts pressure on your clients. We know this. But, we also know that it makes your role as their advisor that much more important… but, often difficult.
When spare time is limited, yet proactive and consistent cashflow management is required - it can be a challenge to get the insights you need, ahead of time, every time.
With our Monitor platform you can fast-track your conversations. Get real-time accountancy data, credit insights and companies house information to arm you with a 360 view of your clients’ cashflow, credit profile and funding.
Findity raises SEK 50 million to accelerate its international expansion.
The fintech company, Findity, is raising SEK 50 million to accelerate its international expansion and complete a comprehensive company rebrand. The company's two brands, Companyexpense and Findity, come together under one roof, allowing full focus on continued innovation and expansion.
The Swedish expense management provider Findity raises SEK 50 million from private investors such as Johan Blomquist, former partner at Altor, Niklas de Bésche, former CEO of Meltwater, as well as existing owners and staff. The company will use the investment to accelerate its international expansion and product development. Furthermore, a comprehensive rebrand brings their two brands together under one Findity.
Findity's product for expense claims, entertainment, mileage and per diem is today used by more than 30,000 customers. Through its white label offering, the company provides partners such as American Express, BDO, Visma SPCS and Fortnox with expense management solutions in their respective brands.
"Findity is in an exciting expansion phase right now. With a product our clients really love, a unique white label offer for our partners and strong demand, the possibilities are fantastic!" - Niklas de Bésche
Having built a top product and gained a leading position in Sweden, the focus is now on international expansion. At the same time, the company changes the name of its product Companyexpense, which will be called Findity.
"We see significant demand from businesses that want to improve employees' everyday lives, and the investment allows us to strengthen our position internationally. We want customers and partners to enjoy easier expense management. The new united brand helps us continue to focus on innovation and improve every day for people using our product." - Patrick Olsson, CEO of Findity
About Findity
Findity are experts in expense management. They help customers eliminate the frustration of managing expenses. By partnering with leading software and card providers, they offer a seamless expense experience integrated with businesses' current operations and people's everyday lives. Helping customers say goodbye to scraps of paper, smudged receipts, and missed reimbursements, and welcoming back time to do more with their day. For more information, visit findity.com.
Hubdoc to Demonstrate Automated Document Collection & Data Extraction Solutions at Accountex Summit North
Hubdoc, the cloud accounting application that automatically collects financial documents from banks and online suppliers, will unveil fifty new connections designed for customers in the UK at this year’s Accountex Summit North conference.
Since its launch on the Xero App Marketplace and QuickBooks App Store in 2014, Hubdoc has helped thousands of accounting partners and tens of thousands of small businesses in North America and Australia automate administrative tasks like document collection and data entry. This unrelenting commitment to helping customers increase efficiency and save time has led to the company winning the North American Xero Partner of the Year award in 2016, and the Xero Partnership Impact award in 2017.
As a first time Accountex Summit North exhibitor, the Hubdoc UK team will demonstrate the product’s ability to:
— Automatically fetch bank statements, bills, and receipts from popular financial institutions and online suppliers in the UK
— Upload paper documents using a computer, the Hubdoc mobile app, email, or a ScanSnap scanner
— Automatically extract key data from documents, including supplier name, date, and total amount
— Post accurately coded transactions to Xero and QuickBooks Online with source documents attached for one-click reconciliation and audit-proofing
“We believe in a world where accountants and bookkeepers never have to chase clients for financial documentation,” said Max Marcus, UK Country Manager at Hubdoc. “Our application helps make this happen, allowing advisors and their small business clients to focus on what’s important to them: their business. We’re excited to showcase our solution at this year’s Accountex, and we can’t wait to connect with some of the most forward thinking practices in the UK.”
About Hubdoc:
Hubdoc is on a mission to change the way accounting and bookkeeping gets done. Our application leverages cloud computing and machine learning to automatically collect and analyze business documents for financial reporting, reconciliation and audit-proofing. Hubdoc helps accountants and bookkeepers save time, scale their practice, and build deeper relationships with the businesses they serve. We are committed to our customers and are proud to boast a five-star rating on the Xero and QuickBooks app stores.
Public Relations
Hubdoc
Geoffrey Gualano, 514-961-6790
[email protected]
Feebooster Offer Multi-Media Marketing and Exclusive Discounts!
Feebooster Accountancy Marketing Specialists have been marketing exclusively for the accountancy profession since 2001.
We are delighted to announce the launch of our new Multi-Media Marketing Services, which enable us to reach the broadest range of prospects yet through a variety of channels!
Feebooster will be exhibiting at Accountex Summit North on 6th March, Pod 53.
Exclusive Discount for Visitors To Accountex Summit North 2018
Get 50% off your Joining Investment on our most popular Pay Per Attended Appointment service and your 1st, 5th and 10th appointments free!
To qualify for the discount, simply register your details at our stand and take up the service by Friday 16th March 2018, quoting promo code EX18.
1 Minute Marketing Surgery:
Get a Marketing Health-check from our Director and Sales Manager, who between them have nearly 20 years’ experience in direct marketing exclusively for the accountancy profession! Pick our brains to see how your marketing stacks up against other firms out there and what you could be doing differently to attract more clients!
Free ‘Marketing Your Practice’ Guide:
We have cut through all the industry jargon to offer you a simple guide, packed with expert advice on how to apply the basic principles of marketing at very little cost, across all marketing avenues that you currently undertake.
To find out more, please contact:
Rhiannon Glacken, Director, or
Kazira von Selmont, Sales Manager
Feebooster
T - 01582 476444
W - www.feebooster.com
E - [email protected]
MyFirmsApp Pushes New Boundaries With Next Generation Future Proofed App Platform
MyFirmsApp, developers of the largest global custom App platform in the world for accountants, is pushing new boundaries with the launch of OneApp, a next generation, future proofed App platform.
The OneApp platform goes above and beyond to deliver Apps in line with the growing expectations users have. According to the market data and insights company, AppAnnie, users now expect Apps to completely transform the very nature of how goals and tasks are accomplished as well as creating brand new experiences not possible on other platforms.
This world-class platform delivers a unique combination of content, tools, features and integration, with hundreds of variables, plus the option to upgrade to specific modules to customise the user experience. All Apps built on the OneApp platform are compliant with the General Data Protection Regulation (GDPR), which is due to be implemented in May 2018.
Particular attention has been paid to making it easy to find Apps built on the new platform in the iOS App store or in Google Play and this is an important benefit as there are now more than 6 million Apps residing there.
Joel Oliver, CEO, MyFirmsApp says: “We have worked closely with Apple to bring to market a solution that works with its’ strict new rules and regulations and we believe that the new platform provides accountants with the opportunity to create the next level of brand experience for their clients with mobile at the very centre of the accountant client relationship.”
A firm branded App delivers a simple and straightforward way to add value and to make client interaction easier. The App creates a connection between the firm and the client in real time with their own tax data and key financial dates stored within and with access to useful tools such as GPS mileage tracking and receipt management. All online portal and accounts software logins can be held in it too, creating a single interface for the client.
As App stacks and App Add on Communities grow, the role of MyFirmsApp as the leading App integrator for accountants will become increasingly critical.
Daniel Richards will present ‘Bringing the best of the Add-ons together to strengthen your client relationship’ at 11.45am on March 6th in the Tech Theatre at Accountex North.
See the MyFirmsApp new OneApp platform in action on pod 8 - next to the Tech Theatre.
MyFirmsApp gives accountancy firms an affordable branded presence in the mobile world on the devices of their clients and staff. The App platform provides a suite of compliant and approved tax tools, calculators, mileage and income trackers, receipt management, finance news, calendars and push notifications that make direct communication easier. Integration with popular Accounting software ensures accountants are giving their clients the tools they need to succeed in an increasingly digital landscape.
MyFirmsApp operates the largest global custom App platform in the world for Accountants in practice providing the only compliant UK solution that’s used by over 250,000 businesses
Accelerate Advisory with FUTRLI at Accountex North Summit
FUTRLI are excited to be attending Accountex North Summit in Manchester on 6th March. The show is an opportunity to see our latest features, and to discover how FUTRLI is helping advisors and business owners alike make better business decisions.
Hannah Dawson, Founder and CEO, FUTRLI said:
“As fans of Accountex London, we’re excited to attend Accountex North Summit’s inaugural event this March. Events like this are important for everyone in the accounting industry to learn from one another and to discuss how the industry is changing.”
FUTRLI’s powerful features enable business owners to understand their current position, but also to understand the future potential of their business. The platform’s easy to use forecasting capabilities make light work of business planning, by allowing businesses and their advisors to see up to 10 years into the future. As such, FUTRLI is indispensable to small and medium-sized businesses.
Hannah Dawson added:
“We’re firm supporters of the Northern Powerhouse and have seen first hand how our platform can enable growth and promote job creation. What SMBs need is clear advice and information that supports their businesses. Through the FUTRLI platform and well informed, skilled advisors, they can get what they need to succeed.”
What you can discover at Accountex North Summit:
CPD-accredited advisory certification – Get your whole team to understand the ‘why’ of advisory, not just the ‘how’. We cover everything from pricing advisory services, to introducing forecasting to clients and all of the functionality within FUTRLI.
White labelling – Bring your brand together for clients in a simple way - white label the FUTRLI platform. Stand out from the competition and present the FUTRLI platform as your own. Focus on being better advisors, not software developers.
Stop by pod 70 to speak to the FUTRLI team, who will be on-hand to answer all of your advisory questions.
-ENDS-
Notes
About FUTRLI:
FUTRLI is an all-in-one forecasting and reporting platform that helps business owners and accountants make better business decisions. Our suite of powerful visualisation, alerting and forecasting tools and our industry-leading certification course transform the way you work, create actionable insights and accelerate the rollout of advisory services. The FUTRLI platform has been evolving rapidly since its inception in 2014. It began when Founder and CEO Hannah Dawson was running a business and needed to see real-time data. In a constant time lag, she knew there must be a better way of operating, so set about creating it herself. Focused on the future, the platform allows you to make informed decisions to grow businesses sustainably. For advisors, let FUTRLI help you on your journey to advisory, and add value to clients.
About FUTRLI advisory certification:
Releasing our advisory certification course in 2017 was a proud moment. Our CPD-accredited, industry-leading course runs through 26 modules of rich, dynamic content. We cover everything from pricing advisory services, to introducing forecasting to clients and all of the functionality within FUTRLI. With help from our community of CPAs, CIMAs and thought-leaders we’ve put together this in-depth course to help every one of your team master the platform, serve clients and scale your new way of working together.
Media enquiries:
Freya Hughes, [email protected]
R&D Online: The UK’s First Whitelabel R&D Tax Claim Portal
Easy R&D would like to announce the launch of their new R&D tax portal, R&D Online. R&D Online is an intuitive digital platform that makes it easy for accountants to offer R&D tax relief services to clients.
The platform simplifies the claims process, meaning accountancy firms no longer need to have a specialist in-house to complete R&D claims. Finally small to medium accountancy firms can compete with larger firms who can afford to hire R&D specialists.
Easy R&D have been providing this specialist area of tax for over five years, partnering with accountants across the UK, enabling them to provide these services to their clients. But Easy R&D could see there was a gap in the market – so many accountants wanted to offer the service directly.
R&D tax claims are often complex and highly technical, so it is very difficult for a general practitioner to make claims on behalf of clients. But easy R&D has developed a platform which allows accountants to make successful claims without outsourcing any of the work.
R&D Online is an intuitive platform that walks the account through the complex claims process, step-by-step. The portal is designed to be very simple to use, but, should the accountant run into any difficulties or have questions about the best way to proceed, R&D Online is supported by a team of R&D specialists who are just a phone call away. It’s a self-guided system underpinned by a robust support team – exactly what accountants need to put together successful claims in-house.
Andrew Howarth, R&D Online CEO, said: "I am a great advocate of light-touch technology that delivers quick and easy benefits. R&D Online is a product of that philosophy: a simple solution to a major challenge for accountants across the UK. With the launch of R&D Online, every accountant in the UK will be able to provide R&D Tax relief to their clientele, resulting in sizeable benefits for everyone involved."
Jones, Hunt and Keelings, Chartered Certified Accountants and Chartered Tax Advisors noted how Easy R&D provides added value to its clients. Alf Del Basso, Partner at Jones Hunt and Keelings, said, “It’s allowed us to offer R&D tax relief to clients, and as there aren’t many firms in the local area that can do that, it really sets us apart”.
Dom Maurello, Partner, noted that “R&D tax relief is complex, it’s really not for the general practitioner, but each claim we’ve made has been successful… I most definitely recommend using R&D Online”. Both agree that the integration of R&D online allows them to provide that highly specialised level of service in the most streamlined way possible.
R&D online launches on 1 March 2018. If you have any further questions, please email Andrew Howarth on [email protected]
Stand 58 at Accountex Summit North.
Web: www.rndonline.co.uk
Tel: 020 3858 5548
JustAccounts present their revolutionary Onboarding System
Unique to the payroll and accountancy platform market, a fast and efficient way to go to illustration to company formation in a few clicks.
In May 2018 JustAccounts (JA), the first white-labelled accountancy platform built specifically for contractor accountants, will be at Accountex, held at ExCeL London, for the third year in a row (stand 152).
JA will also be present at Accountex Summit North, held at Manchester Central on the 6th of March (Pod05).
This year, at Accountex, the JustAccounts team will focus on the revolutionary JA Onboarding System, which gives the accountant the ability to perform the whole client onboarding process without ever leaving the platform.
All the JA platforms let users:
● Create leads and illustrations
● Track referrals
● Progress onto creating a live client
● Incorporate the new company and set up a business bank account.
Finally, a contract can be created for the end client to sign directly from the dashboard.
The JustAccounts Onboarding System helps accountants to work faster, more precisely and efficiently.
To find out more about all the features of the JA Limited, Umbrella and CIS platforms, and about JA client services, visit pod05 at AccountEX Summit North // Stand 152 at AccountEX.
CONTACTS
Francesca Manca JustAccounts
www.justaccounts.com
[email protected]
[email protected]
01942 721 397