James Cowper Kreston advises AccountsIQ on ExpenseIn acquisition

James Cowper Kreston has provided financial and tax due diligence to AccountsIQ, a provider of cloud-based accounting software backed by Axiom Equity, on its acquisition of ExpenseIn.

AccountsIQ offers cloud-based accounting solutions designed to “simplify” financial management. Its platform provides tools for financial consolidation, reporting, and real-time analysis, enabling businesses to streamline operations and make informed, data-driven decisions.

Meanwhile, ExpenseIn, which will continue to operate under its current name, was founded in 2015. The company processes over one million expenses each month and serves customers in more than 40 countries.

According to AccountsIQ, the acquisition supports its vision to “expand beyond finance teams into the broader business user function, bringing a multi-product solution to the office of the CFO, by integrating ExpenseIn’s capabilities”.

The group now supports a combined user base of over 175,000 users, providing a more integrated solution for modern finance teams.

Brad McAvoy, partner at James Cowper Kreston, led the team with the support of corporate finance director Nikul Patel.

McAvoy said: “We are thrilled to have supported AccountsIQ on this acquisition. ExpenseIn’s innovative solutions align with AccountsIQ’s growth strategy, and we are excited to see how the combined strengths of both companies will drive continued success and innovation in the market.”

Darren Cran, CEO of AccountsIQ, added: “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.”