Recognising a record-breaking year for iplicit
As a proud partner of iplicit, Accounting Precision is thrilled to highlight the remarkable milestones achieved by iplicit in 2024, underscoring our shared commitment to delivering exceptional cloud accounting solutions. These accomplishments not only reflect iplicit’s industry leadership but also the value and opportunities available to our clients.
Unprecedented growth and industry recognition
Since its market introduction in 2019, iplicit has experienced exponential growth, achieving triple-digit revenue increases year on year. In 2024, the company surpassed 2,000 organisational clients, serving over 30,000 daily users. This impressive expansion led to iplicit’s inclusion in the FT1000 list of Europe’s fastest-growing companies, ranking 18th among UK businesses and 103rd overall. Additionally, iplicit secured the 40th spot in the Deloitte UK Technology Fast 50, showcasing a remarkable 742% growth between 2021 and 2024.
Enhanced leadership and workforce expansion
To support its rapid growth, iplicit expanded its leadership team and workforce. The company welcomed seasoned professionals to its C-suite, strengthening its strategic direction and operational excellence. This expansion ensures that iplicit continues to meet and exceed client expectations, delivering cutting-edge solutions and exceptional customer support.
First institutional funding and future outlook
In a significant milestone, iplicit secured a £25 million investment from tech growth investor One Peak. The funding aims to accelerate product development and fuel further business growth.
With this investment, iplicit is poised to solidify its position as the leading cloud accounting solution for the UK mid-market.
What this means for Accounting Precision and our clients
As an iplicit partner, Accounting Precision is uniquely positioned to leverage these developments for the benefit of our clients:
• Access to advanced solutions: iplicit’s continuous growth and substantial investment in product development presents our clients with access to state-of-the-art accounting technology, enhancing efficiency and scalability.
• Tailored applications and implementations: The expansion of iplicit’s leadership and workforce translates into more personalised and effective solutions and implementation strategies, ensuring that our clients’ specific needs are met.
• Industry-leading practices: iplicit’s recognition and industry accolades affirm its commitment to excellence, aligning with Accounting Precision’s dedication to providing first class services and industry best practices.
iplicit’s record-breaking year signifies a wealth of opportunities for Accounting Precision and our clients. We’re excited to continue our collaboration with iplicit, delivering unparalleled accounting solutions that drive success and innovation.
For a more detailed overview of iplicit’s 2024, read the full article on the iplicit blog.
