iplicit, a software solution company, has announced its latest offering, iplicit Channel Programme, allowing partners to provide accounting services to growing businesses.
iplicit has launched a reseller channel that will allow its partners to offer true-cloud accounting software to growing businesses, helping them land new, larger clients.
iplicit caters for organisations that have outgrown their entry-level finance systems but do not want to move to expensive enterprise-standard ERP solutions.
The iplicit Channel Programme will allow resellers to fill a gap in their portfolios, enabling them to retain their existing customers while developing new and recurring revenue streams.
The programme provides channel partners with a recurring revenue stream, which could be worth up to £1 million in the next five years.
iplicit’s cloud accounting platform has already amassed 800 customers and 10,000 daily users after only four years of operation. It offers enterprise-level functionality and extensive automation, without the hefty price tag of the big names at the enterprise end of the market.
The product was named Mid-Market and Enterprise Accounting Software of the Year at the Accounting Excellence Awards 2020 and took gold in the Enterprise Accounting/ERP category of the AccountingWEB Software Awards 2021, voted for by users.
The software offers a host of benefits for the reselling partner’s customers:
- Built to scale – iplicit is configurable around the needs of the user. The software can scale up or down rapidly, including tasks like adding new features, legal entities or additional users.
- Built for integration – iplicit’s public API enables seamless connectivity between systems to ensure errors and siloed data are problems of the past.
- Built for automation – iplicit’s automation centre helps to increase efficiency, reduce human error and eliminate manually intensive processes – saving finance teams hundreds of hours every month.
- Built for rapid implementation – with iplicit, customers can be up and running in as little as 15 days.
For the reseller, iplicit can aid customer retention by providing consumers with a product that grows with them.
Alexis Gorton, Channel Manager, iplicit, said: “iplicit’s reseller channel allows partners to offer a complementary solution to their existing lines of business – and is a strong product to offer when looking for new business.
“Customers coming from entry-level cloud packages won’t go back to traditional on-premises systems because they would lose a lot of functionality. There are a lot of businesses contending with software that they’ve outgrown, so if you don’t have anything to upgrade them to, you’re going to be losing them.”
iplicit partners receive a 30-40% margin on new licence revenue and a 20-24% renewal margin. Additionally, iplicit can increase the value of a partner’s business by up to 10 times, making the company more attractive to potential investors or buyers. Furthermore, partners can see a return on iplicit within two to three months.
Gorton added: “With iplicit, you keep your customers for longer and give them a solution to scale their business.”
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