AccountsIQ acquires ExpenseIn

AccountsIQ, a provider of fully cloud-based accounting software, has announced its acquisition of ExpenseIn, the expense management software that aims to “empower businesses to take control of their expense and invoice management process”

ExpenseIn, which joins the AccountsIQ Group and will continue trading with its existing name, was founded in 2015. The company processes over a million expenses every month and has a customer base that spans over 40 countries. Its customers include Ascot, Corpay and Bath Rugby.

The acquisition reflects AccountsIQ’s vision to expand beyond finance teams into the broader business user function, bringing a multi-product solution to the office of the CFO, including spend card management and embedded payments.

By integrating ExpenseIn’s advanced capabilities, the group now supports a combined user base of over 350,000 users, providing a deeper, more integrated solution for modern finance teams. With plans to grow its team and further invest in product innovation, AccountsIQ is “dedicated to delivering empowering technology that enriches the lives of its customers”.

Darren Cran, CEO of AccountsIQ, said: “Both AccountsIQ and ExpenseIn have a shared vision for innovation and growth, and we’ve had an increasing number of joint customers in recent years. This acquisition bolsters our position as a leading finance management solution for ambitious finance teams in the mid-market, with our combined knowledge and experience allowing us to really understand what our customers need and deliver the technology to match.”

Richard Jones, managing director of ExpenseIn, added: “There’s a natural synergy between our companies, as both AccountsIQ and ExpenseIn are passionate about delivering great products and experiences for our customers. We share a joint commitment to provide the office of the CFO with market-leading software and understand the changing requirements of fast-paced modern finance teams and the challenges they face. I look forward to working closely with Darren and the AccountsIQ team as we continue to innovate and scale.”