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Official Statement Regarding Sage Complaint to Trading Standards

Press Release

Wednesday, 14th January 2009 - For Immediate Release

KashFlow is currently challenging a complaint by Sage (UK) Limited to Trading Standards about feature comparisons between our product and TAS Books 3 published on the KashFlow website.


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Chairman:
The Rt Hon Lord Young of Graffham

Founder & CEO:
Duane Jackson



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The world's largest accounting software provider have complained to Trading Standards about comparisons on the KashFlow website.
 
KashFlow is happy to co-operate fully with Trading Standards whilst vehemently defending our right to compare KashFlow features with those of our direct competitors.



- ends -


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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