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KashFlow Scoops Two Prestigious Business Awards

Press Release

Tuesday, 15th July 2008 - For Immediate Release

Accounting software company KashFlow is planning a double celebration this week having won two prestigious business awards in the categories of Growing Business of the Year and the Managing Director winning Young Entrepreneur of the Year.


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Chairman:
The Rt Hon Lord Young of Graffham

Founder & CEO:
Duane Jackson



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UK based accounting software company KashFlow is celebrating this week having scooped top honours in not one but two award category’s in the 2008 Basildon District Business Awards.

Pitsea based KashFlow won top spot for the “Growing Business of the Year”, beating off competition from the likes of a website design company and a manufacturing business, along with the Managing Director of KashFlow, Duane Jackson, winning the coveted title of “Young Entrepreneur of the Year” Award.

The awards ceremony was a black-tie event that took place at Towngate Theatre in Basildon on Friday 11th July 2008. Chairing the panel of judges was Lloyds TSB’s Information Architect and local Conservative Councillor and Cabinet Member for Regeneration, Steve Horgan, a trained electronic engineer who has worked for large-scale IT companies for over 22 years.

Speaking about KashFlow’s achievement of winning the Growing Business of the Year Award, Managing Director, Duane Jackson said,

“The award win is testament to the fact that we have a very hard working and skilled team who are as passionate as I am about growing the business in a way that is not only sustainable but will also enable us to maintain the high levels of customer support and product innovation that we have become famous for within the accounting software arena”.

Speaking about his personal achievement of winning the Young Entrepreneur of the Year award Duane Jackson continued,

“I am truly honoured to have won this much coveted award especially considering the high level of competition. Anyone who spoke to any other of the finalists for this award would have been impressed by the entrepreneurial talent that we have in the local business community and this speaks volumes about why there are so many successful companies in our region.”

Simon Hughes, Manager of Basildon Renaissance and one of the judges for the Young Entrepreneur category commented,

“Duane is a true entrepreneur in every sense of the word and has been committed to making a success of himself and his company.

Duane started off with web development and soon spotted a major gap in the market, which he took with both hands and has made a major success of.  He has gained the right investors, employed the right staff, and puts his customers at the core of his business, helping him to produce a remarkable piece of software for SME’s that is valuable to them and profitable for him.

He runs a well-managed and organised company, and is a deserving winner of the 2008 Young Entrepreneur Award.  Congratulations to Duane and the rest of his company on both awards.”

The Growing Business of the Year Award was sponsored by English Partnerships and the Young Entrepreneur of the Year Award was sponsored by Basildon Renaissance.



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About KashFlow
KashFlow is an online tool specifically designed to help owner managers in small businesses manage their accounts. KashFlow’s aim is to take the boredom out of managing a company’s accounts and to make the day to day tasks easier to achieve so that less small businesses neglect this area.

KashFlow keeps accounts management simple: it requires no installation, software training or prior knowledge of accountancy.

All users benefit from a free, no obligation 60-day trial. The monthly subscription price is £15.99 a month
- including free support and upgrades.

Contacts
For further editorial information, contact:

   Carolyn Gordon-Smith
   PR Manager
   cgs@cimma.co.uk
   01386 859090 / 07710 537 928

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Notes to Editors
In June 2008, KashFlow became the first accounting software package to be certified by PayPal for integration with its payment platform. PayPal and KashFlow now work in partnership to provide a seamless, end-to-end, payment processing and accounting system.

In October 2008 KashFlow won a Business Software Satisfaction award, judged entirely by customer feedback, for the category of small business accounting - beating the likes of Sage 50, Quickbooks Pro and MYOB. Statistics revealed by the awards organisers show that KashFlow has a 70% share of the web-based accounting software market in the UK.

KashFlow has received two rounds of venture capital funding from their now chairman, Lord Young of Graffham. Lord Young is a former Secretary of State for Trade & Industry and ex Chairman of Cable and Wireless

KashFlow is simple to operate, with users instinctively knowing where to click to perform almost any accountancy task

Owner managers are able to effectively manage their accounts with no need for software training or prior knowledge of accountancy

KashFlow has been featured in the likes of the Financial Times, Daily Mail, The Daily Telegraph, The Mail on Sunday, BBC Radio and all the leading accounting titles.
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