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AccountsIQ acquires ExpenseIn, strengthening its finance suite

AccountsIQ acquires ExpenseIn
AccountsIQ acquires ExpenseIn. Picture credits; AccountsIQ

AccountsIQ acquires ExpenseIn to expand its finance suite, empowering CFOs with integrated financial and expense management solutions.

AccountsIQ, the leader in cloud-based accounting software for mid-market businesses, has announced the acquisition of ExpenseIn, a prominent expense management platform. This strategic move is set to enhance AccountsIQ’s capabilities, combining advanced financial management with comprehensive expense processing to serve a growing base of modern finance teams.

Founded in 2015, ExpenseIn has built a strong reputation in the expense management sector, processing over one million expenses monthly for customers spanning 40+ countries. The company’s clients include notable names such as Ascot, Corpay, and Bath Rugby. By integrating ExpenseIn’s innovative platform, AccountsIQ aims to deliver a multi-product solution tailored to the evolving needs of finance teams and CFOs.

Darren Cran, CEO of AccountsIQ, said: “Both AccountsIQ and ExpenseIn have a shared vision for innovation and growth, and we’ve had an increasing number of joint customers in recent years. This acquisition bolsters our position as a leading finance management solution for ambitious finance teams in the mid-market, with our combined knowledge and experience allowing us to really understand what our customers need and deliver the technology to match.”

 

AccountsIQ acquires ExpenseIn to address the challenges of modern finance teams

The acquisition is a direct response to the increasing complexity and demands placed on finance teams in today’s dynamic business environment. Finance leaders are often tasked with managing fragmented data, improving efficiency, and driving compliance, all while ensuring accurate reporting and informed decision-making.

As AccountsIQ acquires ExpenseIn, the company aims to streamline workflows and alleviate these challenges. ExpenseIn’s advanced features, including OCR receipt scanning, automated policy compliance, real-time reporting, and seamless integrations with popular accounting software, will complement AccountsIQ’s robust accounting platform. This integration promises to provide an end-to-end solution for finance leaders navigating the pressures of fast-paced industries.

 

AccountsIQ acquisition illustrates ExpenseIn’s shared commitment to innovation and growth

Since receiving investment from Axiom in June 2024, AccountsIQ has been on an ambitious growth trajectory. The company has launched cutting-edge product features and expanded its team with world-class talent to strengthen its market position. The acquisition of ExpenseIn is a natural next step, aligning with its vision to expand beyond traditional finance functions and deliver more value to the office of the CFO.

Richard Jones, Managing Director of ExpenseIn, commented: “There’s a natural synergy between our companies, as both AccountsIQ and ExpenseIn are passionate about delivering great products and experiences for our customers. We share a joint commitment to provide the office of the CFO with market-leading software and understand the changing requirements of fast-paced modern finance teams and the challenges they face. I look forward to working closely with Darren and the AccountsIQ team as we continue to innovate and scale.”

ExpenseIn’s dedication to product innovation and customer satisfaction has made it a trusted solution in expense management. Key features of the platform include customisable approval workflows, invoice management modules, and ad hoc expense processing, making it an ideal fit for AccountsIQ’s comprehensive offering.

 

Scaling solutions for a global audience

Together, AccountsIQ and ExpenseIn will serve a combined user base of over 175,000 users globally. The acquisition is designed to enable AccountsIQ to deliver an integrated finance and expense management solution that meets the needs of ambitious, growth-oriented mid-market businesses.

AccountsIQ’s platform already stands out for its automation capabilities, group accounting features, and next-level business intelligence tools, which support digital transformation and empower better decision-making. The integration of ExpenseIn’s capabilities will further strengthen these offerings, providing finance teams with a more seamless, efficient way to manage expenses and streamline workflows.

Both companies share a customer-centric ethos, ensuring that the integration process will be smooth, with no disruption to existing customers or partners. ExpenseIn will continue to operate under its established name, maintaining its strong brand identity while benefiting from AccountsIQ’s resources and ecosystem.

 

Meeting the needs of ambitious finance teams

Headquartered in Dublin, with a second office in London, AccountsIQ has a proven track record of delivering results for mid-market companies. With over 100 employees and more than 35,000 users worldwide, the company has become a trusted partner for businesses looking to modernise their financial operations.

AccountsIQ’s platform promises a guaranteed go-live within just 29 working days, demonstrating its commitment to providing easy-to-implement, cloud-native solutions that drive productivity and deliver actionable insights.

ExpenseIn, based in the UK, has equally established itself as a leader in its niche, providing intuitive, cloud-based expense management solutions that cater to a wide range of organisational needs. By combining their strengths, the two companies are poised to redefine the finance technology landscape, delivering tools that empower CFOs to navigate the complexities of today’s business world.

 

Shaping the future of financial technology

 

The collaboration also reflects a broader industry trend of consolidation, as businesses seek to offer more comprehensive, value-driven solutions to meet the demands of modern finance teams. While AccountsIQ acquires ExpenseIn, the partnership represents a significant opportunity to scale, innovate, and deliver on their shared mission of empowering customers with transformative technology.

The acquisition is a testament to AccountsIQ’s commitment to innovation and its vision for the future of financial management. By expanding its product suite to include advanced expense management capabilities, the company is setting a new standard for integrated financial solutions.

As AccountsIQ acquires ExpenseIn, the companies move forward together, their focus remaining firmly on delivering exceptional products and services that enrich the lives of their customers. For mid-market businesses aiming to stay ahead in an increasingly competitive environment, this new alliance offers a powerful toolset for driving efficiency, compliance, and growth.

 

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