Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

High growth kiwi startup poised for global expansion

High growth kiwi startup poised for global expansion


A New Zealand online accountancy service, Beany, has rebranded and launched a new beany.com platform as part of a global expansion programme.

Beany uses cloud technology to process business financial statements, GST and tax returns and other traditional accountancy functions in a ‘virtual’ environment.

“We created Beany because we saw a growing need for small businesses and contractors to interact more efficiently with their accountants. We wanted to create real value for New Zealand enterprise,” says Founder and CEO, Sue de Bievre.

“The old accounting model of stuffy boardroom meetings and large bills is no longer relevant to the way small business owners are running their businesses and their lives,” says Sue. “Our model of fixed fees for a full service is definitely attractive for business owners who had been searching for an accountant who works the same way they do.”

Beany’s growth has been rapid since launching in 2014, and was boosted by an Enterprise Angel investment of $0.5m in mid-2015.

“We tripled our client base in 2015,” says Sue, “and have just rebranded and rebuilt our online shopfront in anticipation of launching offshore. We have used this opportunity to switch to a dot com domain and improve our security, as well as fine-tuning the user interface to ensure we’re ready for a wider customer base.”

The Beany service was recognised as a Finalist in the Auckland Chamber of Commerce Business ‘Innovation’ Awards in 2014 and has received development funding from Callaghan Institute.

“By using technology and all the efficiencies it provides, we have removed all unnecessary overhead costs and can therefore offer affordable fixed price accounting services,” says Sue. “Our business is structured to empower clients to engage with us on their terms. It’s a refreshing take on a traditionally staid model.”

ends


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

NIWA: Scientists Say Methane Emitted By Humans ‘vastly Underestimated’

NIWA researchers have helped unlock information trapped in ancient air samples from Greenland and Antarctica that shows the amount of methane humans are emitting into the atmosphere from fossil fuels has been vastly underestimated... More>>

ALSO:

SMC Expert Reaction: Record Dry Spells And Effects On Forests

With no rain forecast before Sunday, Auckland is about to break a record for the city's longest dry spell. Niwa says Auckland is likely to hit 40 consecutive days without rain this weekend . The upper North Island is seeing severe meterological ... More>>

ALSO:

Reserve Bank: Official Cash Rate Remains At 1.0 Percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment is at or slightly above its maximum sustainable level while consumer price inflation is close to the 2 percent mid-point of our target range. ... More>>

ALSO:



Science Media Centre: Novel Coronavirus Detected In China – Expert Reaction

The virus was detected after more than 40 people were hospitalised with pneumonia in Wuhan City, China and the outbreak traced to a large animal and seafood market. The Centers for Disease Control and Prevention reports that person-to-person transmission ... More>>

ALSO:

NZ First: Launch Of Parliament Petition To Remove Aluminium Dross

This afternoon to a crowd of over 100 people in Mataura -- Mark Patterson, New Zealand First List MP based in Clutha-Southland launched a parliamentary petition regarding the aluminium dross issue in Mataura, Southland. The petition asks that the House ... More>>

ALSO: