SSilverfin is a cloud-based platform for accounting firms that centralizes client financial data from multiple bookkeeping systems into a single connected data hub, enabling real-time synchronization and reducing manual entry. It uses customizable templates and automated workflows to streamline compliance tasks such as working papers, financial statements, and corporate tax filings, and also offers analytics and portfolio-wide insights. It differentiates itself with per-client-file pricing that scales with volume, an AI Mapping tool to standardize charts of accounts, and collaboration features focused on turning compliance work into advisory services. Its goal is to help accounting firms operate more efficiently and grow advisory revenue by transforming routine tasks into strategic guidance; it was acquired by Visma in 2023 to accelerate growth.
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Industries
Company Size
201-500
Company Stage
Acquired
Total Funding
$34.5M
Headquarters
Ghent, Belgium
Founded
2013
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Total Funding
$34.5M
Below
Industry Average
Funded Over
3 Rounds
Silverfin has launched Talking Points, a tool that helps accounting firms scale client advisory by capturing insights during routine compliance work. The cloud-based platform enables accountants to record discussion points during file reviews, present them to clients and generate AI-powered action summaries. During early access with 400 clients, over 40,000 client discussion points were captured, with 85% being advisory opportunities identified during day-to-day compliance work. The feature addresses continuity challenges by creating searchable histories of client conversations, reducing handover risks when staff change. For larger firms, Talking Points integrates with Silverfin's Insights functionality to identify patterns across client portfolios. The tool is embedded within the existing compliance platform, eliminating the need for separate systems or data exports. Silverfin serves over 1,000 accounting firms across 18 countries.
GHENT, Belgium, Aug. 6, 2024 /PRNewswire/ -- Leading cloud-first accounting and compliance solution Silverfin has today announced a 10-year exclusive partnership with MYOB, a leading business management platform in Australia and New Zealand. Now with presence in 15 countries, this strategic collaboration marks a significant step in Silverfin's commitment to global expansion, bringing cloud-first, AI-powered post accounting solutions to new markets.Silverfin will enhance MYOB's cloud offering through the integration of its advanced financial reporting, work papers, and AI-driven advisory tools into MYOB's platform where they will be tailored specifically to meet the compliance and regulatory needs of the Australian market.This partnership highlights Silverfin's commitment to revolutionising accounting compliance globally, enabling more markets to benefit from access to its cutting-edge, cloud-first technology.Silverfin CEO, Lisa Miles-Heal, said: "Artificial Intelligence will transform client accounting compliance and advisory – from enhancing data accuracy, to providing forecasting analytics and actionable insights, automated file reviews and faster identification of errors and irregularities. At Silverfin, we're committed to humanising these digital advancements and ensuring the accountant of the future remains relevant and respected. Through our partnership with MYOB, we are supercharging performance today and shaping the future for accountants across Australia."With Silverfin integrated into MYOB's offering, features will include a centralised data hub that integrates seamlessly with other accounting software platforms, an AI assistant for automated file reviews, an insights and analytics tool for trend identification and client benchmarking, and in-product collaboration capabilities to ensure a single source of truth for client files, actions, and reviews.MYOB CEO, Paul Robson, said: "We are incredibly excited about partnering with Silverfin to accelerate our delivery of a fully integrated, cloud-first suite of solutions for accounting professionals across Australia. Silverfin is a true leader in technology-driven accounting solutions backed by a strong track record
Visma, Europe's leading provider of mission-critical cloud software, has agreed to acquire Silverfin, a leading cloud platform for accountants. This transaction values HGT's investment in Silverfin at approximately £18.8 million.
Belgian startup Silverfin has raised $4.5 million in a Series A round led by Index Ventures…
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Industries
Company Size
201-500
Company Stage
Acquired
Total Funding
$34.5M
Headquarters
Ghent, Belgium
Founded
2013
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs