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Top 5 Accounting Solution Companies in UK - 2021

Businesses primarily thrive on accounting for the processing and communication of financial information, which helps them make better decisions to optimize expenses and increase profits. Presently, accounting solutions have made their way into enterprises due to their efficiency and productivity, thereby replacing traditional accounting methodologies. Moreover, the COVID-19 pandemic accelerated the usage of automated accounting operations, boosting remote working regimes.

The increasing prevalence of remote working in the sector is encouraging the need for cloud-based solutions. The improved efficiency and accessibility of cloud-based systems can revoke the upfront costs of evolving into the cloud while saving valuable time for the firm. Data breaches are a bigger risk than ever, and finance departments are one of the leading targets. Accounting professionals are adopting cybersecurity technology to safeguard the sensitive financial data of multiple clients and businesses. Companies are also implementing AI and robotic process automation (RPA) to automate mundane and highly repeatable tasks, allowing accountants to focus their time on higher impact and higher-value activities. The implementation of data analysis in accounting helps with analyzing numbers producing precious insights. These insights allow enterprises to locate potential improvements and enhance efficiency and risk management.

To assist businesses in choosing the right solution provider in this space and strengthen their operational capabilities, CFO Tech Outlook has compiled a list of the Top 5 Accounting Solution Providers in the UK. Besides, the magazine also includes insights from thought leaders in the sectors on the industry trends, recent innovations, best practices, and their advice for aspiring CIOs and CXOs.

We present to you CFO Tech Outlook’s “Top 5 Accounting Solution Providers in UK – 2021.”

    Top Accounting Solution Companies in UK

  • AccountsIQ is smart cloud accounting software that transforms your finance function. With innovative accounting automation tools to help you complete tasks with ease and deliver accurate insights right across your organisation. All of this from one application and in real-time. AccountsIQ's award-winning cloud-based Financial Management Software (FMS), launched in 2008 in Dublin, simplifies how multi-entity businesses capture, process and report their results. It provides anytime-anywhere access to dynamic businesses, growing via subsidiaries, branches, SPVs or through a franchise model. Its unique architecture allows it to consolidate thousands of entities in a group. Its open API allows integration with 3rd party software and it is already integrated with TransferMate Global Payments, Lightyear, BrightPay, Kefron AP, Chaser, Stripe, Fusebill, Salesforce and ISAMs

    www.accountsiq.com

  • Zumzum Financials, SMB Accounting for Salesforce, helps companies unify their CRM and back office on the Salesforce platform

    www.zumzum.co.uk

  • FreeAgent

    FreeAgent

    The FreeAgent dashboard ties everything together, giving its clients a quick overview of how their business is performing. From humble beginnings of late nights coding and early morning coffee runs, FreeAgent has grown and evolved hugely. Today, its award-winning accounting software helps over 100,000 small businesses take care of their finances. Notably, the Practice Dashboard feature allows accountants and bookkeepers to manage their clients at a glance

  • Inflo

    Inflo

    Inflo transforms the accounting profession by making leading-edge technologies accessible to all. Inflo does this by providing digital solutions, knowledge and supporting accountants to add value to their clients in new and innovative ways. Inflo is a cloud-based software application separated into key modules, incorporating machine learning (AI) and user configuration. Inflo specialises in the secure transfer of financial data from ANY client accounting system. Inflo then automatically performs processes which are currently performed manually and uses innovative data analytical techniques to perform work in new and more powerful ways

  • IRIS KashFlow Software Ltd

    IRIS KashFlow Software Ltd

    KashFlow has been providing intuitive cloud-based accounting software for small business. Duane Jackson, a former web developer who found himself struggling with existing accounting software packages, founded the company after outgrowing using Word and Excel to do his invoicing and keep track of his accounts. As of today, KashFlow has tens of thousands of users, dedicated teams in the UK and India, and has won multiple awards. In 2013, KashFlow was acquired by IRIS. With over 50% of UK accountants using IRIS Software, the partnership offered us the chance to improve our relationship with accountants and offer its cloud bookkeeping software to larger businesses too