Deloitte Ireland partners with AccountsIQ to automate financial reporting for mid-market businesses
AccountsIQ, the leading cloud accounting platform for mid-market businesses has announced its strategic partnership with Deloitte Ireland Corporate Finance to better support mid-market companies through periods of growth and transformation. Deloitte Ireland Corporate Finance works with around 200 mid-market companies annually, many of which are preparing for growth, investment, restructuring or sale.
Deloitte Ireland Corporate Finance identified a growing gap in the market for scaling businesses with revenues between £30m and £100m. While entry-level finance systems often lacked the sophistication required to support increasing operational and reporting complexity, larger enterprise platforms could be costly, resource-intensive, and overly complex to implement. As a result, Deloitte Ireland Corporate Finance recognised AccountsIQ as a strong fit for its mid-sized clients seeking a more scalable and insight-driven finance platform, particularly with many outgrowing Sage 50 or spreadsheet-based operations.
AccountsIQ’s cloud accounting software streamlines businesses’ workflows, delivering next-level insights and empowering better business decisions and faster results. The platform provides multi-entity finance management and a clear dashboard to help firms modernise finance operations with AI automation.
Ian Whitefoot, partner at Deloitte Ireland Corporate Finance, said, “In recent years, we’ve seen a significant increase in the attractiveness of Irish SME assets and companies to PE investors in Ireland, the UK and the US.
“When institutional investors enter the market to buy businesses, there is an expectation for a step up in financial reporting. Many need to know how financial information is maintained and how it is reported against the value case for an acquisition. Spreadsheets cannot be relied upon when reaching this stage.
“Considering this, we are pleased to introduce our portfolio companies to an award-winning finance platform designed for the next stage of growth. Businesses acquired by Private Equity firms often carry accounting inaccuracies, something that can now be solved by the AccountsIQ platform, which offers implementation costs suited to Private Equity houses’ post-investment budgets.”
Darren Cran, CEO of AccountsIQ, added, “Deloitte works with some of the world’s leading business teams and, with this partnership, we can help ambitious mid-market companies build finance functions fit for growth
“Unlike many competing platforms, our platform is designed with mid-market businesses in mind. In the age of AI and automation, AccountsIQ’s current features and product roadmap will support Deloitte Ireland’s future strategy.”