KashFlow, the web-based accounting software company has appointed a new Chief Technology Officer and existing manager has also been promoted to the board to head up the sales to accountants division
Big changes are afoot at KashFlow Software. The company is planning to relocate from Essex to the London Bridge area within the next 8 weeks in order to be in a better position to further grow the business.
The company provides award-winning, jargon-free accounting software direct to UK small businesses and via accountancy practices. To date, the board has consisted of founder Duane Jackson and Chairman Lord Young of Graffham.
Speaking about the changes, Lord Young said “KashFlow has grown very quickly and has reached an interesting stage. The business is now well established and making a profit from the SaaS (software as a service) model – so now we’re focussing on planning for the next phase of growth.”
“Relocating to London is the next logical step. It’s difficult to recruit good staff where the business is currently based and being in London gives us easy access to some of our key partners.”
Michelle Gorsuch joins the board to head the accountants division of the company. She joined the company in January 2008 after spending a number of years in the recruitment industry. She has quickly grown the accountants division to the point where it now accounts for close to 50% of the company’s annual revenue.
“Michelle’s past performance at the company speaks for itself” says Jackson, “Once I’d made the decision to devolve some responsibility she was the obvious choice for this role”
Incoming CTO, Tim McOwan, has both an accountancy and a technical background that makes him ideal for the role. Having automated many accounting processes at horticultural provider Farplants whilst studying towards the AAT qualification, he went on to study for an MBA at Kingston University. He’s since been leading a development team at Creatormail, the multi award winning email marketing agency.
“Tim will oversee all technical aspects of the company, improvements to our existing products and development of new products” says Jackson “I’ve known Tim in a professional capacity for a number of years and have wanted to bring him in to KashFlow for some time. When the opportunity came around, I grabbed it. His skills and expertise will be invaluable to the company during our next stage of growth”
Duane Jackson will continue in his role as CEO and will have more time to concentrate on commercial and strategic matters.
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.
For further editorial information, contact:
Carolyn Gordon-Smith
PR Manager
cgs@cimma.co.uk; 01386 859090 / 07710 537 928
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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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