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.
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.
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).
The term “cloud computing” is termed by University of Texas professor Ramnath Chellapa in a talk about “a new computing paradigm”
Salesforce.com develops the concept of delivering business apps via the internet
Amazon Web Services (AWS) provides storage via the internet
Amazon launches Elastic Computer Cloud (EC2) – the first accessible Cloud infrastructure in which developers can rent space to store and run apps
An MIT student creates Dropbox and makes Cloud storage a commodity
Google makes browser-based business applications available for all through Google Apps
Microsoft’s Azure streamlines the development of web and mobile apps while enabling easy integration
CEO Tony Connolly joins forces with Gavin McGahey, CTO. AccountsIQ’s is founded and the R&D process begins
Payment software entrepreneur Edmond Murphy becomes a founding shareholder
AccountsIQ is launched
Consolidation module is launched and adopted by multi-entity business Four Cross Media
Deloitte Australia signs up
Accounting software veteran Gerry McKeown joins the Board
API library is launched
PwC’s My Financepartner selects AccountsIQ as SME outsourcing solution
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
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 Ledger is launched and adopted by construction consultancy Linesight
AccountsIQ moves up 20 places to rank 18 in Ireland’s Deloitte Fast 50
AccountsIQ completes major integration with expense management partner Concur