Foster McAteer is a mid-size accounting practice based in Dublin, Ireland. It provides corporate finance and consulting, corporate recovery, insolvency and audit tax and accounting services to a wide range of clients.

“We identified the problem of trying to work with as many as 10 different accounting software packages as the greatest source of 'lost time' at the firm, and a constant training and logistical problem."

Selection procedure

The practice already had first-hand experience of a number of accounting packages, and also researched other online accounting solutions.

"accountsIQ was selected mainly because it is very cost effective, providing superior reporting and analysis capability compared to the competition.

"It was able to convert all our existing data to accountsIQ, and it is scalable in terms of functionality and power to grow with our clients’ needs."

Business benefits

A key benefit is that the practice is moving all its clients to a single platform. Both client and practice staff can therefore access and collaborate on live accounts over the Internet.

"It’s a vastly superior solution. The client gets better information and faster turnaround while our team has increased its efficiency.

“We calculate it could improve our productivity by as much as 30% while significantly improving service to our clients.”

Client accounts are always up to date and they can see progress live as it happens. Foster McAteer's staff and clients both like the system.

"It is quick to learn and provides all the functionality clients and practice-staff need.

"Having our own branded online accounting offering is a powerful marketing tool which we believe will help in winning new business. A fully functional online branded solution also provides client 'stickiness' – there is less reason to leave!"