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The AccountsIQ story

Cloud accounting pioneers

AIQ Cloud accounting software was originally conceived in 2004. Our founder Tony Connolly, a qualified Chartered Accountant and IT post-graduate, could see the potential of Cloud computing and the business benefits it would deliver.

Background & Story

Tony Connolly's vision was to create Cloud Financial Management Software (FMS) to help company directors transform the way they run and grow their business. This pioneering move gave AccountsIQ the edge in what was soon to be a fast-changing growth market. Traditional software vendors raced to adapt their on-premise applications to accommodate their Cloud ambitions, while other new entrants scrambled to catch up.

How it all began at AccountsIQ

“AccountsIQ has grown from a start-up to a leading accountancy SaaS provider that employs over 50 people and supports 4,000 businesses worldwide.” Learn more about how it all began.

The early days of Cloud computing

We launched the AIQ product in 2008, after the equivalent of 40 developer years. The AIQ software was designed by accountants and built by the original generation of Cloud developers. Its architecture was key to AccountsIQ’s success. Built only for the Cloud, AIQs flexibility and speed of deployment left traditional accounting software vendors behind. Many tried to adapt their cumbersome legacy systems for the Cloud. Others joined the race late, or not at all.

Supporting a community of accountants

AIQ supports 4,000 companies in over 85 countries worldwide. Customer success has always been at the heart of our business, with our forward-thinking customer community driving product development. Our product is always evolving, with upgrades are available to all customers and deployed centrally across our securely hosted servers.

We are firmly rooted in the global SME space. AIQ is widely recognised as an application that offers superior functionality at an affordable operational cost. Its unique way of handling consolidation makes AIQ a popular choice for growing and multi-entity businesses.

Over 4,000 companies use AccountsIQ

Customers include:

  • Publishing groups, such as Tindle Newspaper Group, The Irish Times and New Statesman Media
  • Private equity and investment management companies, such as Apera Capital, Salamanca Group and Pemberton Asset Management
  • Technology companies, such as Zarion Software, Getech, and Asavie
  • Accountancy practices, including PwC, Grant Thornton, and Mazars.

Accelerating growth

Just like our customers, we don’t stand still. In February 2021, AccountsIQ raised €5.8M from Finch Capital to accelerate the growth of our cloud accounting platform for multi-entity businesses.

“In today’s dispersed world, AccountsIQ's focus on serving businesses that are growing locally and internationally has never been more relevant. As investors in companies that are shaping the future of finance, we are excited to back this established executive team and award-winning product. We look forward to supporting AccountsIQ through its ambitious plans for rapid growth and expansion.”

Aman Ghei, partner at Finch Capital

AccountsIQ

2004

CEO Tony Connolly joins forces with Gavin McGahey, CTO to found AccountsIQ and start the R&D process.

2008

AccountsIQ launches its AIQ software.

2011

Consolidation module is launched and adopted by multi-entity business Four Cross Media. Deloitte Australia signs up.

2012

API library launched.

2013

PwC’s My Financepartner selects AccountsIQ as SME outsourcing solution.
AIQ_ISAMS-Integration

2015

Approval Workflow launched and adopted by luxury brand JimmyChoo. BDO signs up. AccountsIQ’s first major integration completed with iSAMs MIS for schools. AccountsIQ ranked 38 in Ireland’s Deloitte Fast 50 Technology Awards.
AIQ_Salesforce-Integration

2016

Integration with CRM software Salesforce completed and adopted by Archdiocese of Dublin. AccountsIQ moves up 20 places to rank 18 in Ireland’s Deloitte Fast 50.

2017

AccountsIQ opens commercial offices in the UK.

2018

AccountsIQ and iSAMS launch iFinance School Finance Solution. AccountsIQ wins UK Mid-Market and Enterprise Accounting Software of the Year 2018 Award.

2019

AccountsIQ wins UK Mid-Market and Enterprise Accounting Software of the Year 2019 Award. AccountsIQ integrates with TransferMate Global Payments and Kefron.
AIQ_Fusebill-Integration

2020

AccountsIQ integrates with BrightPay payroll software, Smart Debit, and Fusebill.
AIQ_Lightyear-Integration

2021

Major investment of €5.8 from Finch Capital to accelerate growth. AccountsIQ integrates with Lightyear, Chaser, and Proforecast.