Iridium Software Partnership Heralds New KashFlow Accounting Hub Project

Tuesday, 28th October 2008 - For Immediate Release

KashFlow has become the worlds first online accounting software provider to offer integrated transaction processing with payment provider Iridium Corp.

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Chairman:
The Rt Hon Lord Young of Graffham

Founder & CEO:
Duane Jackson

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This latest KashFlow partnership heralds the start of the award-winning software company’s four-year project to become the world’s first accounting software provider to offer a complete one-stop ‘accounting hub’ – saving users users time and clicking between computer applications.

Iridium joins ProTX, SecureHosting and - most recently - PayPal in adding functionality to the KashFlow portfolio of payment options.

For KashFlow, managing director Duane Jackson said,

“The Iridium partnership is wonderful news for KashFlow customers. It is part of our ongoing commitment to minimise small business’ costs; reduce the needless time spent on accounting administration using multiple applications; and, keep accounting as simple as possible.

“Iridium is the best value payment processor we have encountered. In fact, so good we’ve just employed them to handle all our payment processing too! And as part of our partnership we have negotiated an agreement for KashFlow customers to receive merchant accounts via Iridium at exclusive discounted rates.”

The agreement means that KashFlow users choosing Iridium payment processing can access a virtual terminal containing all the functionality needed for Merchants to manage electronic transactions; process payments from their online shops direct; generate custom reports and manage custom anti-fraud settings.

Iridium business development director Sean Brietsche said,
"The KashFlow ‘software as a service’ model for accounting is nothing short of brilliant, both in concept and implementation. And for Iridium, the chance to bring together two dynamic and innovative businesses was too good to miss.

“But we see this announcement as just the beginning. We are already working on a series of exciting additional functions designed to further transform the way businesses do their books, effectively releasing them to do what they do best: looking after customers and building sales.”

More information is available online at www.kashflow.co.uk and www.iridiumcorp.co.uk

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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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