A Pioneering Move

accountsIQ Cloud accounting software was conceived in 2004 by Tony Connolly, a business graduate, qualified Chartered Accountant, post graduate in Information Technology and former Partner in an accountancy practice. Visualising the possibilities Cloud computing would offer businesses of the future, Tony’s vision was to create a Cloud accountancy application which would help company directors transform the way in which their businesses operate.

This pioneering move gave accountsIQ a lead in what was soon to become a fast-changing market as traditional software vendors raced to adapt their on-premise applications to accommodate their Cloud ambitions while other new entrants scrambled to catch up.

The Early Days

After 40 man years in development, the product launched in 2008. The software had been designed by accountants and built by the original generation of Cloud developers. Its architecture was to be the key to accountsIQ’s success. Built only for the Cloud, its flexibility and speed of deployment left traditional accounting software vendors behind, particularly those who opted to adapt their cumbersome legacy systems for the Cloud rather than join the race late, or not at all.

Today

accountsIQ supports over 20,000 users in over 40 countries. With customer success at the heart of the business, accountsIQ’s customer community drives product development. Product upgrades are available to all, deployed centrally across accountsIQ’s securely-hosted servers. It is an ever-evolving product with a fast-growing and forward-thinking client base.

Firmly rooted in the global SME space, accountsIQ is widely recognised as an application which offers a higher level of functionality with a low level of operational cost. Its unique way of handling consolidation makes accountsIQ a popular choice for growing and multi-entity businesses.

Head-quartered in Dublin (Ireland), the company also has offices in California (USA), London (UK) and Seaforth (Australia).

Cloud Computing Timeline / accounts IQ Timeline

1997

The term “cloud computing” is termed by University of Texas professor Ramnath Chellapa in a talk about “a new computing paradigm”

1999

Salesforce.com develops the concept of delivering business apps via the internet

2002

Amazon Web Services (AWS) provides storage via the internet

2006

Amazon launches Elastic Computer Cloud (EC2) – the first accessible Cloud infrastructure in which developers can rent space to store and run apps

2007

An MIT student creates Dropbox and makes Cloud storage a commodity

2009

Google makes browser-based business applications available for all through Google Apps

2010

Microsoft’s Azure streamlines the development of web and mobile apps while enabling easy integration

2004

CEO Tony Connolly joins forces with Gavin McGahey, CTO. accountsIQ’s is founded and the R&D process begins

2005

Payment software entrepreneur Edmond Murphy becomes a founding shareholder

2008

accountsIQ is launched

2011

Consolidation module is launched and adopted by multi-entity business Four Cross Media

Deloitte Australia signs up

2012

Accounting software veteran Gerry McKeown joins the Board

API library is launched

2013

PwC’s My Financepartner selects accountsIQ as SME outsourcing solution

2015

Approval Workflow is launched and adopted by luxury brand Jimmy Choo

BDO signs up

accountsIQ’s first major integration is complete with iSAMs MIS for schools

accountsIQ is ranked 38 in Ireland’s Deloitte Fast 50 Technology Awards

2016

Integration with CRM software Salesforce is complete and adopted by Archdiocese of Dublin

Software veteran Pearse Mee joins the Board to progress investment in the UK market

Project Legder is launched and adopted by construction consultancy Linesight

accountsIQ moves up 20 places to rank 18 in Ireland’s Deloitte Fast 50

2017

accountsIQ completes major integration with expense management partner Concur