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Wednesday 21 November 2018

Great British Scaleup: Accountagility

This is the first in a series of short profiles of the companies featured our the fifth Great British Scaleup event held earlier this month. Profiles of the other seven companies will be published over the next few days.

logologoIf it's taking your finance department over 30 days to close the monthly accounts then you know you have a problem! This is an extreme example of just one issue that the team behind Great British Scaleup Accountagility set out to solve with their financial process optimisation product, ORYX.

Founder and CEO Robert Gothan had previously been a Finance Executive for a world leading insurance giant – now one of Accountagility's flagship clients. Unusually for a finance professional, Gothan is also a techie and has been instrumental in the subsequent development of ORYX.  He brought on board David West in 2015 to run sales and marketing, working alongside operations director Stacey Munday.

Accountagility's sweet spot is in enterprises with at least 10 finance staff. ORYX was originally developed as a tool kit which Accountagility would tailor to optimise the client's finance operations.  In 2010, Accountagility launched the ORYX platform and subsequently productised a suite of solutions. 

Today Accountagility delivers a range of solutions to meet the most widely faced challenges in finance including planning, forecasting and reporting, period end close, and group finance consolidation across multiple entities and geographies. The products are designed to work in the cloud or on-premise, to suit each client’s IT strategy. ORYX is very well regarded by its clients, which include the likes of a well renowned European bank, a mid-scale manufacturing group and many more. 

Accountagility is constantly challenged being an SME punching above its weight; for some enterprises, size is important when engaging with a supplier in such a key function as finance. Therefore, Gothan has started engaging with sector-specific mid-tier systems integrators as partners to help them gain an entrée to larger enterprises. Indeed, Gothan sees the potential for Accountagility to triple its revenues over the next couple of years, a target that will require significant additional investment in sales and marketing as well as research and development.

Given the increase raft of regulation and legislation that finance departments need to keep up with, let alone business-driven change, Accountagility has the potential to give the 'usual suspect' financial management software vendors a good run for their money.

Posted by HotViews Editor at '13:44' - Tagged: GreatBritishScaleup