This year e-conomic international is proud to sponsor the Baker Tilly EMEA conference, which will begin this weekend in Cyprus, lasting from April 30 – May 5.

Baker Tilly International is one of the world’s leading networks of independently owned and managed accountancy and business advisory firms.  In Denmark, Baker Tilly International is represented by the chain Dansk Revision.

e-conomic and Dansk Revision, which represents Baker Tilly in Denmark, both focus on the SME segment

An ongoing discussion of the cloud

The Baker Tilly EMEA conference will be a unique opportunity to meet with managers, partners and other key accountants who all have a simultaneous desire to explore new ideas for business development, and e-conomic wouldn’t miss it for the world!

We would like to continue a constructive dialog with Baker Tilly’s European offices on how cloud computing, and online accounting software in particular, can help make accounting offices more flexible, cost effective and service-oriented.

A proud partnership

Here at e-conomic, we feel that this sponsorship is a natural extension of the great relationship that already exists between Baker Tilly and e-conomic, and we look forward continue expanding on this partnership in the future.

As you may have heard, the e-conomic iPhone app has been a great success – more than 10,000 customers are already benefiting from it!

And, as you can imagine, ever since the release of our iPhone app, there has been a huge demand from our customers with Android phone to create an Android app as well.

Therefore, I am happy to announce that now companies using Android phones can also create customers, create and send invoices, book entries and get a complete overview of their key figures while they’re on the move with our new e-conomic Android app.

e-conomic for Android

With our new full service accounting app for Android, it is now possible to access your full e-conomic accounts on nearly any smartphone.  You can create and send invoices, book entries and access key figures – all while on your mobile.

The e-conomic app for Android is here with new capabilities

Scan documents with your mobile phone

Additionally, we have a special new feature for our Android customers.  You can access an intelligent scanning module that allows you to take pictures of documents with your mobile phone and send them directly to the e-conomic accounting system.

In principle, this allows you to use your mobile phones to scan all of your documents and save them in the system, which can ease your administrative load considerably.

Furthermore, we have also added more graphics for the Android app, including pie charts showing turnover per customer, which can be used strategically when negotiating new pricing agreements.

Find out more

The e-conomic Android app is free and available for download in the Android Market.  You can read more about the e-conomic Android app on our website, or view our Android app support articles in our e-copedia.

I’m happy to share that e-conomic’s turnover for 2010 reached 7.1 million Euro, an increase of more than 25% from the year before!

At the same time, we increased our number of customers in 2010 from just over 21,000 to more than 30,000 by the end of the year. By now, we’ve passed the 34,000 customers mark and are well on our way to our goal of having 100,000 customers by 2013.

To see more on our 2010 figures, and also read about some of the trends described below, go to these articles in ComputerWorld and JP (both in Danish).

Positive trends

In addition to the uplifting numbers for 2010, I’m also happy to note a number of positive trends:

One is that much fewer small and midsize companies, which constitute our core customer segment, are going out of business. We can see this in terms of how many customers we lose because they are forced to close down.

And fortunately for everyone – including us – this number is rapidly decreasing.

Cloud-computing on the rise

Another positive trend is the rise of cloud-computing and the realization among our customers, particularly in Scandinavia, that their data are quite secure in the cloud.

All of us are now so used to going online to handle our homebanking, fill in our tax returns and order plane tickets and other products that the idea of doing accounting via the web no longer worries us.

So, rather than worrying about security, our customers are now focusing on the value and flexibility that e-conomic provides.

Everyone wants to be in the cloud!

Further growth

When looking ahead, I see plenty of potential for further growth – not least through our continued expansion into some of the major European markets, including Spain, Germany and France.

Looking forward to continue our growth in 2011 and beyond!