MEDIA RELEASE:
Cashflow Manager joins the Reckon Accounting Software family
Reckon has acquired Cashflow Manager and it's 20,000 clients, joining Reckon’ broader SME customer base, as part of a $8.75M agreement with Money Management Group.
- Reckon, a leading Australian owned accounting and payroll software company, used by over 100,000 small businesses has acquired Cashflow Manager and okke accounting software solutions from Money Management Group Pty Ltd.
- Cashflow Manager has over 20,000 clients and 1,000 accounting and bookkeeping partners that use their desktop accounting solutions currently.
- As part of the acquisition, Cashflow Manager customers will continue to use the same software and receive the same great service and support from the team they know and trust
SYDNEY, 18 December 2024 – Australian accounting software provider Reckon (ASX:RKN) is proud to announce their acquisition of Cashflow Manager and okke software solutions from Money Management Group. The acquisition reinforces Reckon’s commitment to servicing the Australian small business software market and compliments their current solutions portfolio.
Reckon CEO Sam Allert commented on the acquisition and the reasons for selecting Cashflow Manager:
“We are excited to welcome over 20,000 new clients and 1.000 accounting and bookkeeping partners into the Reckon family. Money Management Group has run a high-quality and profitable business for many years with Cashflow Manager and more recently okke and has focused on supporting their SME clients and partners. It is an ideal match for us to acquire and bring them into the Reckon Group.”
Reckon has continued to invest heavily in cloud-based solutions and this acquisition provides additional scale to the company’s Business Group as they pursue a strategy of transitioning customers to their superior proprietary cloud products. With Cashflow Manager being a strong cash generating business with a loyal subscriber base, it provides a meaningful contribution to Reckons growth ambitions and strategic direction.
Allert noted “We will continue to support Cashflow Manager customers, as we support all our desktop users, as we work with them over the next few years on the perfect time to upgrade to our cloud-based solution.”
For further information, please contact Brad Stevens, General Manager of Marketing at Reckon, [email protected] or (02) 9134 3300.
About Cashflow Manager
Cashflow Manager’s accounting software is designed to help small business owners spend less time on the books and more time doing what they love and do best – running their business. Find out more at cashflow-manager.com.au
About okke
okke is cloud based bookkeeping software designed for Australian sole traders who need a simple solution to manage their cash flow, invoice their customers and keep track of their expenses, no accounting knowledge required. Find out more at okokke.com
About Reckon
Reckon is an Australian-owned accounting and payroll software company. That’s what we do. But we’re actually a lot more than that. For the last 30 years, we’ve helped small and medium businesses turn ambition into accomplishment. We give SMEs the tools to manage their books, pay staff and grow their bottom line. Find out more at reckon.com