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Industry event will hear how accountants can better serve mid-market clients

Many accountants have not been able to serve medium-sized clients as well as they would like because of a lack of affordable finance software, a leading industry event will hear. 

iplicit will host a discussion of the issue featuring senior figures from leading accountancy firms at the Alternative Accountancy Management Summit, taking place on March   4-5.

Among the guests will be Nicola Savill, Director of Outsourcing at Moore Kingston Smith and Digital Lead for Moore UK, one of Britain’s top dozen practices.

Matt Lewns - iplicit Accountants Partner Manager-1iplicit’s Partner Manager, Matt Lewns, who will lead the conversation, says: “Offering a digital transformation service to smaller businesses is no longer a differentiator for accountants. The market has become too heavily commoditised and price-driven for that.

“By contrast, mid-market organisations can be some of the most valuable and rewarding clients for a practice to have. But until recently, those medium-sized enterprises were a market that practices struggled to serve. The problem was a severe lack of affordable finance software suitable for organisations which had outgrown entry-level cloud systems like Xero and QuickBooks.

Those clients were mainly left to struggle on with the products they had, unless they were prepared to accept the extra expense and disruption of moving to one of the larger ERP systems.

In our session at the Alternative Accountancy Management Summit, leaders from Top 30 accountancy firms will give practical insights on how best to serve those mid-market organisations with the aid of affordable finance software.”

Among the topics covered will be:

  • What happens when entry-level finance software is no longer able to provide the financial information that clients need;
  • The challenges of servicing large UK and international groups
  • How to service multi-entity and multi-currency global organisations efficiently.

iplicit’s event will be a Technology Focus showcase presentation as part of the Alternative Accountancy Management Summit’s Strategic IT Day on Tuesday, March 5.

The summit, taking place at Wyboston Lakes Resort in Bedfordshire, brings together partners, managing directors and chief executives from the UK’s top 300 accountancy practices. Its hand-picked audience is made up of people who influence strategic growth in their business and make investment decisions.

Guest Nicola Savill is also among the expert contributors to a new iplicit publication Change Is Coming: 7 Trends in Finance Software You Need to Know About, which can be downloaded for free here.

Details of the Alternative Accountancy Management Summit can be found here.

 

Click here to Request A Place at The Accountancy Management Summit

iplicit

iplicit
iplicit is a high-growth, disruptive cloud-based accounting software designed to bridge the gap for multi-entity and rapidly expanding businesses that have surpassed the capabilities of entry-level systems. With unlimited dimensions, enhanced reporting capabilities, and greater flexibility, iplicit helps organisations that struggle with outdated, legacy, on-premise systems to upgrade to next-generation finance software without sacrificing functionality. The platform seamlessly integrates with other cloud-based applications and offers a migration path from your existing system. Users can enjoy real-time consolidated reporting, task automation, speedy implementation, and a public API to break down data silos. The software was developed by founder Ian Andrews after decades of experience installing high-end ERP systems. He was joined by Rob Steele and Eduardo Loigorri, founders of finance software business Exchequer which installed thousands of UK-based systems during the 1990s and 2000s. iplicit has achieved triple-digit percentage growth each year since its launch in 2019 and now employs around 80 people. User numbers have grown to more than 10,000 in 72 countries and are expected to reach 65,000 in 2025. There are more than 1,000 businesses and non-profit organisations using the software and the figure is expected to reach 5,930 in 2025.