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MBSL Accountancy Practice

MBSL Partners with AccountsIQ to offer Cloud-based outsourced accounting

Chartered accounting firm MBSL is set apart from others in the outsourced services sector by its dedicated approach to technology and security.  In February 2010, it became the first accounting firm in Ireland to obtain ISO27001 Certification: a highly-sought after international standard which requires the firm to employ a strict and methodical approach to data security and information management.  The business has also been paperless since 2008 and continues to expand by improving systems and processes.

Elaine Ryan, Associate Director, MBSL

Moving MBSL’s business services onto a Cloud accounting software has been a priority for Associate Director Elaine Ryan who chose AccountsIQ as the firm’s preferred application for Cloud-based, outsourced accounting. Elaine explains,

We needed to get onto a Cloud-based system.  We are a tech-driven business and a Cloud infrastructure is part and parcel of our whole proposition.

AccountsIQ helped us to move away from the old model of sharing data sets with clients, delays in data processing and ongoing data reconciliation. Now we can work in complete partnership with our clients, sharing access to the same, live information stored in the Cloud.

Why MBSL Chose AccountsIQ

In tune with the firm’s approach to innovation, it was important that MBSL found a software supplier which they could work with in a collaborative way.  Having evaluated a number of Cloud products including Sage and Xero, Elaine explains why she selected AccountsIQ:

AccountsIQ’s approach and profile as a service provider is very similar to ours.  We needed a partner more than a supplier – a developer who could respond to our needs and work with us to continually improve the accounting service we provide to clients.  We didn’t want to be the junior partner in the relationship.  With AccountsIQ, we feel the areas we want addressed will be addressed.

With over 40 clients supported on AccountsIQ and rising, Elaine describes how the Cloud accounting app will become an integral part of the firm’s ongoing development. She adds, “AccountsIQ is part of our strategy to move forward.  We are currently working on an automated Accounts Payable process and integrating our banking platform. We also have a client who is working on integrating their CRM software with AccountsIQ.”

Traditionally focused on providing a service to other service-based businesses, AccountsIQ will also help MBSL to enter new sectors. Elaine adds,

Automating our Accounts Payable with AccountsIQ will allow us to process much higher volumes of transactions.  It will give us the opportunity to offer our services to new consumer-based sectors such as retail.”

Learn more about AccountsIQ’s Cloud accounting software for accountants.


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