Press

Online Payroll solution MyPAYE, has today announced a partnership with e-conomic, a leading online accounting provider which means users can now run payroll and update their accounting system with one click.

13th October 2009:  Research conducted by a leading online accounting provider e-conomic, shows that 86% of accountants surveyed work past normal working hours on a regular basis, and 52% do so every day.  38% regularly work past 10pm, and from those who responded that have children, a surprising 22% said it’s quite usual for them not to get home in time to see their children before bedtime.

Online accounting provider, e-conomic, today announces that it has entered into a partnership with Microsoft to integrate with an online version of Microsoft Dynamics Customer Relationship Management (CRM).

The combined ERP and CRM solution will enable customers to link their online accounting system with their Customer Relationship Management. Navigation will be easy thanks to both firms having a straightforward user interface, and the monthly subscription comprises continuous updates as well as support.

10 August 2009: Mixam Ltd, a specialist UK printing firm in the UK, successfully reduces its debt by £65,000 in less than three months using online accounting software.

e-conomic has launched a new pricing scheme that delivers dramatic savings compared to Sage.

Mark Davies, managing director of e-conomic in the UK, commented: “The new pricing structure is simpler, more transparent and even more competitive. Existing and new customers will get more for less, and e-conomic remains free for accountants and bookkeepers.

The ability to collaborate online has led to new ways of working and different expectations. Whether you see this as a threat or opportunity depends on your point of view and the experiences of some accountants in practice were revealed in a previous article called "Online accounting - what accountants say".

Many customers ask us how we think the internet will affect the way accountants work in the future.

News this week from Insurer QBE which predicts the number of SMEs using accountants’ services will nearly double to 52% in 2009 is encouraging for the profession. However this opportunity needs to be handled carefully if it’s to be capitalised on, warns e-conomic’s UK Country Manager Mark Davies today.

“For accountants the value of business development is not purely in accumulating a high volume of clients, it is efficiency which is the key.

13th March 2009: e-conomic, the leading European provider of online accounting, announces today its 2008 financial results, revealing revenues in excess of £3.8million for the year to the end of December.

Showing an increase of 60% on 2007, the rate of growth looks set to continue in 2009 with a record breaking one thousand new customers joining in January alone.

e-conomic partners with Fujitsu for high quality hosting services

9th February 2009: e-conomic has signed an agreement with Fujitsu, the global IT and communications giant, for the managed hosting of its online accounting system for small and medium-size businesses. Fujitsu will deliver the highest level of internet accessibility and reliability to e-conomic’s customers so that they can log on to their accounts anywhere anytime, safe in the knowledge that their critical data is secure and backed up.