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.

This year we celebrated the 12-year anniversary of launching AccountsIQ. In that time, we have grown from a start-up to one that employs 50 people and supports 4,000 businesses worldwide.

Read Tony’s story of

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.

Over the Years

AccountsIQ supports 4,000 companies in over 85 countries worldwide. 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.

Headquartered in Dublin (Ireland) with offices in London (UK) and Melbourne (Australia).

Today

AccountsIQ raises €5.8M from Finch Capital to accelerate growth of its cloud accounting platform for multi-entity businesses.

Over 350 customers and 4,000 subsidiaries use AccountsIQ. Customers include publishing groups like Tindle Newspaper Group, The Irish Times and New Statesman Media; private equity and investment management companies such as Apera Capital, Salamanca Group and Pemberton Asset Management; technology companies such as Zarion Software, Getech and Asavie and accountancy practices including PwC, Grant Thornton and Mazars.

Cloud Computing Timeline / AccountsIQ Timeline

2004

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

2008

AccountsIQ is launched

2011

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

Deloitte Australia signs up

2012

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

Project Ledger 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

AccountsIQ opens Commercial Offices in the UK” and remove current “AccountsIQ completes major integration with expense management partner Concur

2018

AccountsIQ and iSAMS launch iFinance School Finance Solution

AccountsIQ Wins UK Mid-Market and Enterprise Accounting Software of the Year Award

2019

AccountsIQ Wins UK Mid-Market and Enterprise Accounting Software of the Year Award

AccountsIQ integrates with TransferMate Global Payments and Kefron

2020

AccountsIQ integrates with BrightPay payroll software

AccountsIQ integrates with BrightPay payroll software, SmartDebit and Fusebill

2021

Major investment of €5.8 from Finch Capital to accelerate growth

AccountsIQ integrates with Lightyear, Chaser and Proforecast