News - Bob Morton invests in Aqilla application
Industry veteran joins forces with innovative vendor to deliver accounting software on-demand
March 11th, 2009 - Experienced finance specialist Bob Morton has made a substantial investment in Aqilla Limited, the innovative online accounting solution aimed at small and medium-sized businesses and accountancy firms.
Aqilla, which has been designed specifically to be delivered over the internet as an on-demand accounting application, offers a complete invoice-to-cash and purchase invoice-to-payment solution that is supported by a comprehensive range of management reporting tools.
The pre-configured system, which can be easily tailored to meet the requirements of any company, delivers a suite of ledgers and includes a full selection of commonly used document types, including expenses and timesheets.
Simple to use and delivered on-demand, Aqilla requires no initial capital outlay, upgrade costs or annual maintenance fees, and is available via a browser wherever users have an internet connection.
Morton, a Chartered Accountant by background, brings substantial experience in building businesses and has invested in numerous high growth public companies, helping to create shareholder value both organically and by strategic acquisitions.
He is widely known amongst the financial and investment community and is currently chairman of Armour Group Plc and Tenon Group Plc – the UK’s ninth largest accounting group with revenues of £160 million, and which features a successful outsourcing and accounting division.
“On-demand is a high growth area, with companies of all sizes looking at this type of delivery because it offers access to the latest applications, without the need for high levels of capital outlay or the ongoing expense of maintenance and management,” explained Morton. “Aqilla offers exactly that and is uniquely placed in the market, as its team brings together a heritage in accounting and finance software, combined with an understanding of the latest technology and how it can be applied to business applications.”
“We believe we have an industry-leading application that is set to shake up the accounting software industry,” said Colin Christianson, director at Aqilla. “We look forward to working closely with Bob to deliver on our exciting plans and to reach our target of becoming the number one on-demand mid-market accounting application.”
An Aqilla Pro subscription is priced at £50 (excl. VAT) per user per month; data entry users for straightforward entry and capture of timesheet and expense documents are charged £10 (excl. VAT) per user per month. For more information about the company and its on-demand accounting application, visit www.aqilla.com.
NOTES TO EDITORS
About Aqilla Limited Aqilla Limited, founded in 2006, is the developer of web-based accounting solutions designed for small and medium-sized businesses and accountancy firms.
The easy-to-use software utilises the latest open source toolsets based around Java and AJAX technologies to deliver Sales Ledger, Purchase Ledger, General Ledger, Cash Matching, Sales Invoicing, Purchase Invoicing and Time Management functions that can be accessed over the internet via a rich web browser interface. In addition, because it is delivered on-demand, Aqilla removes the need for high levels of capital outlay, as well as the ongoing expense of maintenance and management. For more information about Aqilla visit www.aqilla.com.
For more information about Aqilla, please contact:
Phil Dwyer or Chris Holder at Brand X PR
Tel: 020 7099 3860
Email: aqilla@brandxpr.com
