Accountsiq Secures 60m Investment To Embed Ai Into Its Platform And Shape The Finance Function Of The Future

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AccountsIQ, a top-notch accounting platform that operates on the cloud, has recently received a €60 million Series C investment from Axiom Equity, a specialized B2B SaaS growth equity fund. This huge investment will be used to further enhance the AccountsIQ product, with a particular focus on integrating advanced AI technologies. By doing so, they aim to improve various aspects of the solution and shape the future of finance functions.

AccountsIQ offers a comprehensive financial management system (FMS) as a Software-as-a-Service (SaaS) solution. It is designed to revolutionize traditional finance functions. The platform tackles complex financial challenges like consolidating multiple currencies, obtaining multi-level approvals, integrating with third-party systems, and automating daily processes. By providing the right information to the right people at the right time, AccountsIQ empowers finance teams to collaborate digitally with stakeholders. This enhances the overall financial intelligence (IQ) of the organization and enables better decision-making.

With this investment, AccountsIQ aims to take their position ...
... as a leading international FMS provider to the next level. They plan to significantly expand their resources, growing their team to over 200 employees in the coming years. Moreover, the investment will strengthen AccountsIQ's AI capabilities, allowing the platform to provide even more value to its diverse customer base. The integration of AI tools is expected to make finance team roles more flexible, valuable, and less repetitive. Ultimately, this will make these roles more interesting and engaging for finance professionals.

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