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Tech Lowdown: ACCA, Practice Ignition, QuickBooks, Deloitte, FreshBooks and SecureAge

This week, our tech round-up features acquisitions from QuickBooks and Deloitte, ACCA and Practice Ignition partnership, FreshBooks mileage tracking and automatic mode from SecureAge.

19th Aug 2020
Staff Writer AccountingWEB
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ACCA partner with Practice Ignition

Practice Ignition has launched an integrated partnership with the ACCA to improve its engagement letter process. 

ACCA engagement letters, usually 174 pages long, taking 30-90 minutes to create a series of templates for each client, can now be created bespoke by each firm “in a matter of minutes”, according to Practice Ignition.

The integration can now be used to allow members of the professional body to build proposals and letters of engagement based on ACCA original templates. Payment information is included within proposals so enable members to obtain clients signatures and direct debit details before they become a customer to eliminate future payment risk.

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Intuit QuickBooks acquires TradeGecko

This month, Intuit QuickBooks announced that it had acquired existing partner and inventory and order management software TradeGecko. The integration will allow QuickBooks customers to launch and manage products across multiple online and offline sales channels. 

Users will be able to manage orders and inventory fulfilment from multiple channels and across multiple inventory locations, synchronise inventory across online and offline channels, avoid stock-outs and access real-time insights.

“Small businesses around the world are struggling to survive in this rapidly changing environment,” said QuickBooks executive vice president Alex Chriss. “The need for a single tool that can reduce operational complexity for product-based businesses is acute. Integrating TradeGecko’s capabilities into QuickBooks Online (QBO) will give our small business customers new paths to growth.”

The transaction is expected to close in September 2020. 

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Deloitte buys Keytree

Deloitte Consulting has acquired international technology consultancy Keytree to consolidate its positions as one of the leading SAP consultancies.

Keytree focuses on four main domains in the SAP space: SAP S/4HANA, SAP Customer Experience, SAP SuccessFactors and SAP Cloud Platform. Keytree will integrate into the SAP service line of Deloitte Consulting’s Technology division. Keytree’s professionals will join Deloitte in the UK, with smaller teams joining Deloitte’s practices in India, Spain, Australia and Canada.

The deal will be Deloitte’s seventh global acquisition this year, but the first in the UK since after intellectual property consultancy ClearViewIP and human resources and reward specialist Stitch Communications in June 2019. 

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FreshBooks launches mileage tracking feature

Canadian accounting platform FreshBooks has recently added a mileage tracking feature to its iOS app for small business owners. Mileage tracking is currently available to FreshBooks customers based in the UK, U.S. and Canada. The features include:

  • Automatically track mileage on FreshBooks iOS app whilst driving
  • Categorise as personal or business-related with one swipe
  • View an estimate of their potential tax deduction 
  • Download and share mileage reports

“FreshBooks research shows that only half of small business owners say they track mileage today,” said FreshBooks co-founder and CEO Mike McDerment. 

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SecureAge adds automatic mode to SecureAPlus

SecureAge Technology recently added an automatic mode feature to its SecureAPlus application control solution. Automatic mode allows the SecureAPlus AI engine to build personalised ‘allow lists’ without user input, preventing malicious files from causing damage.

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