For several years, AccountingWEB has been on the look out for what we call “the practice in the cloud” - a web-based system that could cope with all the basic software needs of a small accounting practice.
We have heard sightings of such a beast in the US in the shape of CCH Axcess, but any questions about it in the UK have been bounced across the Atlantic. But it turns out that the subject of our long-running quest was parked right next to our stand at the recent Accountex event in the shape of Capium.
We last heard of this outfit a year ago, when Capium appeared at the same event. Founder Tushir Patel described 2014 as a “soft launch”, and assured AccountingWEB that it was now up and running with real users in the field.
This year’s Accountex, he said, represented the “first big branding exercise” for Capium.
The complete package now incorporates bookkeeping with final accounts output, integrated payroll, corporation tax, personal tax and practice management, Patel said.
Feedback so far had been positive and Capium has signed up around 100 practices, some for the whole suite and some for parts of it, he added.
After testing the water around different pricing approaches, Capium has setting on a per module subscription fee of £150 per year.
Capium has mentioned several times on the AccountingWEB grapevine during the past year, with curious members keen to get their hands on a working version.
Those who have tried it out it are enthusiastic, including MrMe89, who commented after looking at a demo version: “It seemed to tick a lot of our boxes and the price is good too compared to other practice solutions.”
Now what people will be keen to learn more about his how the live version works. AccountingWEB has signed up for a test account and will report back shortly as part of a wider survey of practice management software options.
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AccountingWEB’s Editor at large has been with the site since 1999, rising from news editor to editor in chief, global editor and head of insight. As a roving editor, he continues to investigate the profession's use of technology around the world. He devotes his spare time to technology history and an oddball collection of stringed instruments...