Does your firm have the right midmarket tech?

Firms servicing larger or growing businesses need systems that can help with the heavy lifting and that provide:

• Accurate, real-time reporting that is easily interrogated and is flexible enough to handle changing reporting requirements 
• Advanced process automations across the board to reduce workload and human error
• Approval workflows to speed up processing
• Powerful spend management functionality to efficiently control cash burn
• An open platform that is easily integrated to other key business systems.

Large ERP systems that offer such features tend to be far more expensive than the entry-level systems they replace, and they also take considerable time (months, if not years in some cases) to implement. 

iplicit not only offers these features as standard but also has an affordable price tag and can be implemented in weeks. As such, it removes the barriers of both cost and disruption that can deter some businesses from upgrading.

Insight Associates choose iplicit's midmarket cloud accounting solution

Insight Associates has a growing Outsourced Finance Department running the entire finance and accounting functions on behalf of all their clients. They focus upon high growth businesses that are moving quickly, removing the burden of all the granular day-to-day accounting issues and provide them with actionable management information. Their proposition is focused upon adding value, using a pyramid model of accounting and financial management. Removing all the mundane detailed bookkeeping tasks from the bottom of that pyramid; producing management reporting in the middle; and advising in a Finance Director capacity at the top.

Check out our Insight Associates case study in which Garry Mumford explains how offering iplicit has enabled them to develop deeper relationships with their clients.

"There's a lot of other firms in our space doing similar things to what we do. But we're able to offer something which is clearly leading and clearly innovative in the market, and we can specifically point to wins that we've had because we're offering iplicit as our platform of choice." Garry Mumford, Insight Associates

Which companies can iplicit help?

Some of the most ambitious and fastest-expanding organisations in the business landscape are those which have outgrown entry-level software such as QuickBooks or Xero, or are struggling with “on-premise” finance solutions which are no longer up to the job.

They need more sophisticated software which can handle the complex requirements of a growing organisation – but they are not necessarily the right customers for expensive, enterprise level systems.

These are signs that iplicit might be the right solution:

• Your consolidated reporting requirements are more complex than the entry-level system can handle.
• You need more meaningful, real-time data across a range of analysis codes.
• You're keen to save staff time by automating month-end tasks such as accruals, prepayments, and revenue recognition.
• You need to join up your systems so integratable accounting software is a must.

Charities and non-profit organisations, which need to handle reporting requirements such as SORP (Statement of Recommended Practice) and SOFA (Statement of Financial Activities) would find moving to iplicit beneficial as their reporting requirements far exceed what entry-level products can provide.

Learn more about iplicit

Find out how we help growing organisations with iplicit's cloud accounting software for accountants

For a friendly chat get in touch or email us at [email protected]

Watch on demand our recent webinar with Steve Kuhn, Cloud Technology Lead at midmarket accountancy firm, BK Plus. Steve explains why they recommend clients to iplicit, because it is a midmarket cloud accounting solution for larger SMEs.