What Exchequer does

Exchequer Software (Ireland) Limited, trading as ExchequerBMS and Exchequer Business Management Solutions, is a privately held Irish software vendor and professional services firm founded in 1998 and headquartered at F6 Riverview Business Park, Nangor Road, Dublin 12. The company operates as the Ultimate True Partner of Advanced Business Solutions (OneAdvanced) and serves as the Irish distribution centre for the Exchequer accounting platform, with a secondary presence serving UK customers. It also markets the iplicit True-Cloud accounting software as a cloud-native alternative to its legacy on-premise product.

The company's core offering is a modular, mid-range accounting software suite that includes Financials & Accounting, Commercials & Stock Control, Project/Job & Time Costing, Management Reporting, Business Intelligence, Exchequer Mobile, Scantex Warehouse Management (wireless barcode scanning), and the proprietary Scantex Integration Suite (SQL-replication-based middleware for third-party integrations). The platform is available in server-based, true-cloud, and hybrid deployment models. The firm also delivers professional services including implementation, training, bespoke development, version upgrades, server migrations, and a Business Process Review consulting engagement, supported by a support team that is over 80% tenured beyond 10 years.

ExchequerBMS generates revenue through a blend of one-time/perpetual software licences (purchased per module and per user), recurring annual support contracts, project-based professional services, and the Scantex Integration Suite. It targets the mid-range to lower-ERP segment of the market with deployments ranging from 2 to 100+ users, and serves 1,500+ organisations across seven verticals: Wholesale & Distribution, Charities & NFP, Food & Beverage, Construction & Contracting, Services, Financial Services, and Agribusiness. The go-to-market motion is consultative-led, combining on-site and online personalised demonstrations, direct phone outreach, and referral-driven demand from an established installed base across Ireland and the UK.

Name

Exchequer

Legal name

Exchequer Software (Ireland) Limited

Website

https://exchequer.ie

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

101–250 employees

Short description

Exchequer (ExchequerBMS) is a Dublin-based software vendor and professional services firm selling the Exchequer mid-range accounting platform and the iplicit True-Cloud product to 1,500+ organisations across Ireland and the UK in verticals including wholesale, construction, food & beverage, and agribusiness.

Ownership category

akta.pro rank

Product category

Accounting Software

NAICS

Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121)

SIC

Finance Services (6199)

akta.pro primary industry

Treasury Operations Support (Cash Management, Bank Reconciliations, Payments Ops) (BPAAAGAH)

akta.pro secondary industries

Corporate Treasury & Supplier Payments (AP, Mass Payments) (FSAMAKAL), Corporate Cards & Expense Solutions (T&E, purchasing, fleet) (FSABAIAG)

Keywords

• Accounting software
• Mid-range ERP
• Cloud accounting
• Warehouse management
• Business process review

Headquarters

HQ city

Dublin

HQ country

Ireland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Software Licenses: Sale of Exchequer accounting software licenses with modular approach - clients purchase only modules needed (Financials, Stock, CRM, Project Costing, Warehouse Management, etc.).
2. Annual Support Contracts: Full year support contracts providing ongoing technical support, updates, and maintenance. Top-up support options also available.
3. Professional Services: Consulting services including new implementations, system training, bespoke development, Business Process Reviews, version upgrades, server migrations, and Microsoft SQL conversions.
4. Scantex Integration Suite: Integration middleware solution providing unlimited integrations from Exchequer to third-party systems.
5. Project/Task-Specific Support: Out-of-contract support and service options, including system NCT/MOT, server move support services, and problem-specific assistance.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

ExchequerBMS sells, implements, and supports the Exchequer mid-range to ERP accounting software platform (and the iplicit True-Cloud accounting solution) for organisations in Ireland and the UK. The offering is a modular suite spanning Financials, Stock Control & Commercials, Project/Job Costing, Management Reporting, Business Intelligence, Mobile, and the Scantex Warehouse Management and Integration Suite, delivered with local professional services including training, bespoke development, Business Process Reviews, and ongoing annual support contracts.

Product overview

Exchequer is an award-winning accounting software platform with a modular architecture comprising a Core Financials & Accounting Suite plus integrated add-on modules including Commercials & Stock Control, Project/Job & Time Costing, Management Reporting, Business Intelligence, Exchequer Mobile, and Scantex (Warehouse Management and Integration Suite). The platform serves mid-range to ERP clients across multiple industry sectors including wholesale & distribution, charities, food & beverage, construction, services, financial services, and agribusiness. Solutions are available as server-based, True-Cloud, or hybrid deployments. Over 1,500 organisations across Ireland and the UK use these accounting solutions. ExchequerBMS also offers related cloud accounting software iplicit as a True-Cloud option.

Differentiator

Problem solved

Functional benefit

Brands

• Scantex: Integrated wireless warehouse management solution for Exchequer, providing barcode scanning, stock control, and warehouse automation functionality.
• Scantex Integration Suite
• Scantex Datamine

Products and services

• Financials & Accounting Core financial software suite providing dynamic financial control with multi-dimensional budgeting, cost centre analysis, multi-currency support, and live dynamic Excel links for real-time business KPIs, targeted at mid-range to ERP organisations.
• Commercials & Stock Control Stock and order processing solution for distribution and wholesale, offering customer pricing management, product margin visibility, warehouse management, and integration to handheld scanning and courier systems.
• Project, Job & Time Costing Project costing module for monitoring and tracking costs on jobs and projects, with timesheet entry, employee/contractor cost rates, budgeting, and construction applications & valuations.
• Management Reporting Management KPI reporting with dashboards, automated system alerts, live Excel links, a visual report writer, and Sentimail alerts for automated reports based on user-defined criteria.
• Business Intelligence Business intelligence tools including Scantex DataMine data warehousing with incremental replication, Visual Report Writer, Sentimail automation, and OLE links to Excel for drill-down reporting.
• Exchequer Mobile Mobile accounting software providing cloud functionality for remote workforce with smart device access for sales teams, expense/timesheet users, and finance teams to enter quotes, orders, and view real-time data.
• Scantex Warehouse Management Integrated wireless warehouse management system with handheld barcode scanners for goods inwards/despatch, serial number tracking, quarantine management, and stock adjustments, integrating with Exchequer Sales & Purchase Order Processing.
• Scantex Integration Suite Integration middleware bridging expensive bespoke integration and off-the-shelf solutions, providing SQL table replication, constant Exchequer awareness, and unlimited integrations to third-party systems.
• Business Process Review Consultative-led process to review, reconfigure, and optimise Exchequer deployments, including system tidy-up, new entity creation on the multi-company manager, and configuration for future organisational needs.
• Professional Services Consulting services including new user training, report design, business intelligence integration, version upgrades, server move services, Microsoft SQL conversions, and system audits.
• Exchequer for Wholesale & Distribution Tailored software bundle for wholesale and distribution with stock forecasting, bill of materials, works order processing, eCommerce integration, Scantex wireless warehousing, and courier integration.
• Exchequer for Charities & NFP Business and accounting solutions for not-for-profits to control costs and maximise funds, with commitment accounting, extensive management reporting, and multi-currency support across entities and funding centres.
• Exchequer for Food & Beverage Solutions for the food and drink sector with stock control, bill of materials, sales & purchase order processing, CRM, web sales, and handheld warehouse bar code scanning.
• Exchequer for Construction Construction edition with job & project costing, applications & valuations, RCT/CIS compliance, CRM, and sales & purchase order processing for contractors and builders.
• Exchequer for Services Solutions for service companies with web/App-based requisitions, expenses, timesheet approval, project costing, CRM, stock control, and credit control modules.
• Exchequer for Financial Services Solutions for financial services with automatic invoicing, multiple currencies, unlimited companies and consolidation, cost centre analysis, encrypted data, GDPR facilities, and intercompany consolidations.
• Exchequer for Agribusiness Solutions for agri companies with extensive product listings, customer contract prices, batch traceability, product expiry dates, bespoke label printing, and integration to third-party processing systems.
• iplicit True-Cloud Accounting True-Cloud accounting software sold alongside the server-based Exchequer platform, offering seamless data migration tools for clients transitioning from Exchequer to a multi-award winning cloud accounting solution.

Quantifiable outcome

• 1,500+ organisations across Ireland and the UK trust Exchequer solutions
• +2 more outcomes

Named customers3 records

Segments8 records

Ideal customer profiles8 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration58 records

Feature8 records

Partnerships

Four partnerships are on record, tiered core.

• Advanced Business SolutionscoreOEM/ Whitelabel/ Licensing PartnerExchequer financial and accounting software is a product of Advanced Business Solutions. ExchequerBMS operates as an Ultimate True Partner and the Irish Distribution centre for Exchequer solutions, providing full supply, implementation, and support throughout Ireland.
• iplicitcoreTechnology or Integrationiplicit is a True-Cloud accounting software solution. ExchequerBMS has developed seamless data migration tools to ease migration to iplicit, offering clients cloud transition options.
• Trax / Enterprise Imaging SystemscoreTechnology or IntegrationIreland's pioneering Purchase to Pay & OCR solution. ExchequerBMS has worked closely with Enterprise Imaging Systems for well over a decade providing escalating integrations to Exchequer.
• Prospectsoft / Prospect365coreTechnology or IntegrationLong-term CRM partner offering Stock-Aware eCommerce & CRM cloud solution with exceptional integration to Exchequer for B2B online product sales.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• SAP Business One: SAP's mid-market ERP/accounting solution competing for the upper end of the mid-market and small-ERP customers that ExchequerBMS also targets with its modular, mid-range to ERP positioning.
• Intuit QuickBooks: Global cloud accounting incumbent that competes for the lower end of the mid-market and SMB segment in the UK and Ireland with broad brand recognition and aggressive pricing — a constant competitive headwind for ExchequerBMS's expansion deals.
• Microsoft Dynamics 365 Business Central: Microsoft's cloud ERP/accounting product that increasingly targets the same mid-market segment ExchequerBMS serves, leveraging the Microsoft 365 ecosystem as a distribution advantage.

Direct peers

• Xero: Cloud-native accounting platform competing for the same mid-market and SMB customers in Ireland and the UK that ExchequerBMS serves, particularly as customers evaluate cloud migrations away from server-based accounting software.
• Access Group: UK-based vertical software group that owns multiple mid-market accounting and ERP products (including Pegasus). Access Group competes with ExchequerBMS in the UK mid-market accounting space and is also a likely strategic acquirer.
• AccountsIQ: Cloud accounting platform purpose-built for mid-market and SMB finance teams, competing for the same segment of UK/Ireland businesses that have outgrown basic accounting software — ExchequerBMS's stated target market.
• Sage Group: UK-headquartered global accounting and ERP software provider, dominant in the same UK/Ireland mid-market segment that ExchequerBMS serves with the Exchequer and iplicit product lines. Sage is the most direct competitor for accounting software seats in the region.
• Pegasus Software: UK mid-range accounting and ERP software vendor (now part of Access Group) directly comparable to Exchequer in product positioning, customer profile, and UK distribution model.

Others

• Advanced Business Solutions (OneAdvanced): Owner of the underlying Exchequer accounting software product and a core OEM partner of ExchequerBMS. OneAdvanced is both a partner and an indirect peer given they control the core product ExchequerBMS resells and supports.

Emerging players

• iplicit: UK-based true-cloud accounting software vendor that partners with ExchequerBMS for cloud migration of Exchequer customers. iplicit is both a partner and a direct competitor for cloud-accounting deals in the same mid-market segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Exchequer