The seventh module within the suite, Company Secretarial, is part of a wider overhaul of the practice management capabilities of the cloud programme which includes new proposal and letter of engagement routines, a revamped central hub and a low-cost Receipts tool for getting transactions into the system.
Capium is also opening up its software more to become part of the cloud bookkeeping ecosystem, so its accounts production tool now imports trial balances from Xero and QuickBooks Online.
The Company Secretarial module was designed in tandem with formations specialist First Corporate and its First Order software, so it can handle formations and share allocations as well as file annual statements, returns and director particulars. It will also carry out some of the basic requirements for anti-money laundering, explained Nick Cheyne, operations and partner manager at Capium.
“Company secretarial is the last feature we’ve been missing. Now we’ve got it, our practice-wide portfolio is complete. It’s going to be an interesting year as now we can challenge the big boys,” he said.
The product took three months to develop and deliver from the initial partnership agreement with First Corporate, so there is some additional work to complete, Cheyne added. This includes integrating the share and dividend register in the company secretarial module with Capium’s bookkeeping system, which the developer aims to complete by the end of the year.