Meet Silverfin, a startup focused on accounting software. This isn’t about helping small startups handle accounting tasks themselves. Silverfin wants to build the cloud service for small and big accounting firms — Salesforce, but for accounting.
The startup just raised a Series B funding round led by Hg — Index Ventures led the previous Series A round. While terms of the deal are undisclosed, a source told me the round is worth approximately $30 million.
In order to improve productivity, Silverfin tries to automate the most time-consuming aspect of accounting — data collection. The company helps you connect with your clients’ accounting software directly to import their data, such as Xero, QuickBooks, Sage and SAP.
After that, Silverfin standardizes your data set and lets you add data manually so the platform can become the main data repository.
Once your data is in the system, you need to process it. Silverfin lets you configure automated workflows and templates so that anybody in the accounting firm can enrich data and check for compliance issues. Like Salesforce and other software-as-a-service products, multiple people can communicate on the service and look at all past edits and changes.
You can then visualize financial data, generate reports and statements. It opens up new possibilities for accounting firms. They can charge advisory services thanks to analytics tools and an alert system.
The startup was founded in Ghent, Belgium, but it has now expanded to London, Amsterdam and Copenhagen. Silverfin has attracted 650 customers, including big accounting firms in Europe and North America.
By targeting the most demanding customers first, Silverfin doesn̢۪t need to replace Xero or QuickBooks altogether. It can integrate with those existing software solutions first. There̢۪s an opportunity to go downmarket later and convince smaller companies that don̢۪t necessarily have a big accounting team.
Click here for more...
from #Bangladesh #News aka Bangladesh News Now!!!
I admire this article for well-researched content and excellent wording. Thank you for providing such a unique information here. Accounting Firm For Small Business in Morrisville
ReplyDeleteVery informative article, which you have shared here about accounting. After reading your article I got very much information and it is very useful for us. I am thankful to you for sharing this article here. Business Tax Software in Canada
ReplyDeleteReally very happy to say, your post is very interesting to read. I never stop myself to say something about accounting. File Taxes Online Canada
ReplyDeletePretty good post. I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog posts. I hope you post again soon. Big thanks for the useful info. Accounting consultancy firm in Dubai
ReplyDeleteAccounting itself is a service business. The accountant provides a customer with their services, not a tangible product. There is no differentiation of importance between industries, or businesses, as neither industry segment could exist without the other. Tax Planning Upper Mount Gravatt
ReplyDeleteRemarkable post. I simply came across your blog and desired to say that I have really enjoyed searching your blog posts. Thank you for sharing such blogs. Outsourced Accounting Firms India
ReplyDeleteGreat idea, bookkeeping, budgeting, cost management, payroll, project management and costing, purchase and sales ledger are common accounting related jobs, which could be done seamlessly. As a company that provides Accountancy service in Warwickshire and Rugby, UK, eager to know about this. Thanks for sharing this news.
ReplyDeleteExcellent work. This post about accounting software that you have shared is attractive. Really, I was searching for these types of blogs. Thank you for sharing this blog. payroll outsourcing services
ReplyDeleteYou have given important data for us. It is excellent and informative for everyone. Always keep posting. I am very thankful to you. outsourced payroll service provider in Mumbai
ReplyDeleteThank you for sharing this news. Accounting software could utilize the cloud platform for better availability and scalability. As a business consulting and accounting firm providing one of the Best Accountant North Carolina, I am glad to read this news. Great blog.
ReplyDeleteIt is truly a well-researched content and excellent wording. I got so engaged in this material that I couldn’t wait to read. I am impressed with your work and skill. Thanks. Read more info about CA foundation accounts classes
ReplyDeleteThis information is so important, essential and informative which you have shared here. It is beneficial for beginners to develop their knowledge. It is very gainful information. Thanks once again for sharing it. kubota Tractor
ReplyDeleteYou are giving such interesting information. It is great and beneficial info for us, I really enjoyed reading it. Thankful to you for sharing an article like this.Accountant Nelson
ReplyDeleteI appreciate your efforts which you have put into this article. Genuinely it is a useful article to increase our knowledge. Thanks for share an article like this.bas agent service
ReplyDeleteWhat I recommend is outsourcing, a trend followed by a vast majority of the UK bookkeepers. Continue reading to know the benefits of bookkeeping services near me.
ReplyDeleteNiedawno natknęłam się na Twojego bloga i jestem nim zachwycona. Twoje posty są nie tylko pouczające, ale także skłaniają do refleksji. Nie mogę się doczekać, aby poznać więcej Twoich treści. Najlepsze strony porno
ReplyDelete