Quarterly Business Update Validis

Quarterly Business Update – Q1 2019

I hope the new year is proving fruitful for you and your organization. It’s hard to believe we’re nearing the end of March.

Here at Validis, the new year has been a busy and exciting period. Strategic planning has turned to execution, client onboarding has ramped up after the Christmas lull, and the team are out in the market fervently showing future clients exactly why they should be working with Validis.

We hit 100 live clients in the first week of January, a major milestone for the business, and we can now boast most of the UK’s biggest banks and three of the four big accounting firms globally as customers. We continue to set the standard for the digital movement of accounting data and empowering small businesses to share their financials quickly and easily through our ever-expanding suite of APIs.

Our work to build a stronger partner ecosystem continues unabated and we’re excited to be plugging the DataShare APIs in to more banking and accounting platforms than ever before. What this means in reality is giving our clients the ability to surface our data in their core systems, be that loan origination, decision analytics or audit and tax.

To read some of our latest success stories, head on over to our case studies page on the website.

Technically our platform, DataShare, goes from strength to strength, with new modules, API connections and features.

DataShare Reconciliation has re-imagined the largely manual processes attached to monitoring client invoice schedules for Invoice Finance. Users of the new tool are reporting up to a 90% reduction in time taken to submit their invoice schedules.

Connectivity sits at the heart of our platform and in January and February we announced the release of six new accounting API connectors. We welcome Abila, Sage 100 MAS90, Sage 100 MAS200, Sage 100 Contractor and Sage 300 CRE (Timberline) and Sage Business to our suite of supported packages and it’s good to see that take up of these has been positive from our live clients.  Additionally, we are pleased to announce we will be releasing Pegasus Opera 2 and 3 soon.

We released a new feature within DataShare, the Quality Score. Quality Score provides an at-a-glance measure of the accuracy and consistency of book-keeping and accounting data processed by our platform, enabling real-time insight for lenders, accountants and insurers.

It’s also an exciting time for Validis on the people front. We’ve made three key appointments in the last few weeks. Ones that will help drive this business forwards and improve our service offering in our key territories.

After consulting with us for a few months, Nik Haidar has accepted the role of General Manager UK. Nik brings a wealth of technological and service knowledge to the UK business. Welcome Nik.

Similarly, after spending time with us in Q4, Paul Doyle joins Validis as Global CTO. A role he brings countless experience to having run his own businesses gaining vast amounts of Cloud platform experience.

Jake Niarchos joins us as Chief Revenue Officer for UK and is responsible for our ever-growing client book in that region.

As we head into Spring and Summer there is no let up in the pace of development. Our connector factory will continue to broaden our accounting package coverage, a number of sector-defining transformational projects get under way to ensure our APIs are available more readily in the market and the hiring of exceptional new talent remains a top priority.

Good luck with your endeavours, you’ll hear more from me later in the year.

Joel Curry

Validis, CEO

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