Cloud-based accounting software provider AccountsIQ has acquired ExpenseIn, an expense management software firm, as part of its strategy to expand product offerings for finance teams and broader business functions.
The financial terms of the deal were not disclosed.
Established in 2015, ExpenseIn is said to process more than one million expenses monthly. The company serves customers in over 40 countries, including clients such as Ascot, Corpay, and Bath Rugby.
ExpenseIn will continue operating under its existing name and brand within the AccountsIQ Group.
ExpenseIn managing director Richard Jones said: “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.
Through the acquisition, AccountsIQ intends to deliver better integrated solutions to chief financial officers (CFO), encompassing expense management, spend card management, and embedded payment capabilities.
The move is also aimed at creating a comprehensive suite of tools for modern finance teams to streamline their workflows and enhance decision-making processes.
Since securing investment from Axiom in June 2024, AccountsIQ has accelerated its growth trajectory by introducing advanced product features and appointing a new management team.
The addition of ExpenseIn’s capabilities brings the combined user base of AccountsIQ Group to over 175,000 users globally.
Headquartered in Dublin, AccountsIQ supports over 20,000 users worldwide. The company offers automated accounting processes, group accounting features, and business intelligence tools designed for mid-market enterprises.
It claims to enable clients to achieve digital transformation quickly, with a guaranteed go-live within 29 working days.
AccountsIQ CEO Darren Cran 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.”
