#cloud-accounting

#cloud-accounting

CEO Lyndon Stickley said Bournemouth offered an ideal base for the company's next phase. "We needed a dynamic environment that could scale with us and house the South Coast's next unicorn - and we found it at Patch," he said. Stickley added that iplicit fills a "critical gap" in the mid-market, where around 100,000 UK organisations remain reliant on ageing, on-premise finance systems.

In June, SAP made a $4.5 billion (€3.9 billion) bid for accounting platform BlackLine, but was rejected. The German software vendor may make a new bid. This is according to Reuters, based on sources. BlackLine provides cloud software that automates complex accounting processes for finance departments. The tools replace traditional spreadsheets and reduce errors. The company is of interest to SAP because of its existing collaboration. SAP sells BlackLine solutions to its customers, accounting for nearly 30 percent of BlackLine's annual revenue.