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Award-winning cloud accounting software for multi-company businesses.

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Why switch to mid-market Cloud accounting software?

4th Apr 2022
Brought to you by
AccountsIQ logo

Award-winning cloud accounting software for multi-company businesses.

Share this content

With so much choice on the market between the budget cloud accounting systems available, mid-market and more expensive, powerful solutions used by large corporates, how does an SME know which is best? The benefits of moving to a reasonably priced mid-market accounting system can offer the sophisticated insights and operational efficiencies you need to grow your business and become more strategic.

Scalable growth

If you select scalable and flexible accounting software that adapts to your needs, instead of working around the quirks of your computer system, or finance department's processes, you’ll save hours or even days every month with software that’s built to support your business.

Powerful features like easy integration with other software will help you futureproof and streamline your business processes, while automated consolidation will improve efficiency if and when you expand overseas or acquire subsidiaries.

The right mid-market cloud accounting software will support you as you grow, catering to your changing needs with easy-to-implement add-on modules, such as a fixed asset register, which can be added to your system as and when you need them. and will evolve swiftly with new features as the market and regulatory landscape changes.

Confidence in your data

Can you trust the figures at your fingertips? In small and medium-sized enterprises, data collation is often a haphazard process, with discrepancies in reporting from one department to another. The value of this data is limited if stakeholders and decision makers cannot be confident in its accuracy.

New Statesman Media Group example >>  By implementing new AccountsIQ Cloud-based accounting software, they are now equipped to make the right decisions to facilitate growth.

NS Media has been on a mission to migrate all of its business systems to digital, including their accounting system, where Mark Moore, the group’s Finance Director, led the way to replace the outdated SunSystems accounting platform.

Having compared several mid-market Cloud-based accounting software vendors, including Xero and iPlicit, Mark chose AccountsIQ for its full in-built feature set without the need for bespoking, as well as his confidence that the product would continually evolve and support this dynamic and constantly changing group. Read the New Statesman Media Group Case Study.

Humentum, a non-profit example >> With AccountsIQ’s multi-dimensional reporting structure, Humentum can report on their four main income streams quickly and easily. They can also drill down into the detail. As Jocelyn Boughton, global Finance Director explains:

In just two-minutes, I can get reports showing me what’s happening across our different service areas and locations. We now have a clear understanding of exactly what consultancy, training, support, and membership services we’re providing to which organisations and countries. This wasn’t possible with QuickBooks; it would have involved lots of manual work, manipulating transactions and bringing it all together in Excel.” 

If the Humentum example sounds familiar, implementing a unified finance system, together with clearly defined working processes, will give you accurate and sophisticated financial reporting that you can trust. With confidence in your business intelligence, you can plan your growth strategy based on solid and reliable data. Read Humentum Case Study.

Greater insights in real time

The advanced financial reporting functionality that comes as standard with finance systems like AccountsIQ offers detailed, real-time business intelligence at the touch of a button. With the ability to drill down and segment your data into customised reports, you can easily visualise your business performance at any given time. You can compare the latest performance data with that of previous months, to monitor progress.

With a deeper insight into every aspect of your performance, your analytics will equip you to make informed and strategic decisions about the future of your business.

Take the next step in growing your business and discover the advanced functionality of AccountsIQ's powerful, Cloud accounting software

Request a Demo to see it in action or watch our recent Webinar on Multicompany Accounting & Consolidation.

Or get in touch on +44 (0)203 598 7350, for a chat about your requirements or email us at [email protected].

Learn more about AccountsIQ's award-winning financial management software.

AccountsIQ won Mid-Market and Enterprise Accounting Software of the Year 2019 & 2018, at the Accounting and Software Excellence awards, based on votes from actual users. AccountsIQ was established in 2004 in Ireland and is used by 4,000 companies in 85 countries. 

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