Peresoft
Peresoft is a Cape Town-based, founder-owned software firm founded in 1983 that develops Cashbook, RecXpress, and EFTXpress — the de facto cash-management and EFT add-ons for Sage 300 ERP — and sells them through 500+ Solution Providers to 6,000+ companies globally.
- Company typePrivate
- Founded1983
- HeadquartersCape Town, South Africa
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Peresoft does
Peresoft Software and Support (Pty) Ltd is a Cape Town-based, founder-owned software company that has developed cash management add-ons for Sage 300 ERP since 1983. Its product suite centres on Cashbook — the de facto standard bank-account maintenance and cash-flow module for Sage 300 — supplemented by RecXpress (automated bank reconciliation claiming up to 99% automatic matching), RecXpress for Bank Services (a variant for users of Sage 300's native Bank Services module), and EFTXpress (electronic funds transfer file generation, SFTP transmission, and multi-level payment authorisations). All modules are built using the official Sage 300 Software Development Kit and integrate natively with Sage 300's GL, AP, and AR modules; deployments span on-premises, private cloud, and Sage 300cloud/web UI environments.
The business sells exclusively through a global channel of more than 500 independent Solution Providers across Africa, Asia, Australia, Europe, Canada and the USA, who handle installation, customisation, training and first-line support. Revenue comes from perpetual software licences for Cashbook and its add-ons, recurring annual SupportPlus software-assurance contracts (renewed through partners who retain a 15% commission), and professional services for custom bank-format development (two free formats included per RecXpress/EFTXpress purchase). Free 60-day trials and a partner portal underpin a product-led and channel-led motion.
Peresoft serves over 6,000 companies and 25,000-30,000 users worldwide, including a significant share of South Africa's Top 50 JSE-listed companies, with a stated 99% customer renewal rate. It has accumulated Sage Development Partner Gold Tier certification, Sage Platinum Elite status, and consecutive-year regional awards, and recently embedded Realm Digital ID-based identity verification into Version 2026 in partnership with MWare Consulting — extending the product into fraud-prevention workflows tied to South African POPIA, AML and KYC requirements.
Peresoft firmographics
Firmographics- Name
- Peresoft
- Legal name
- Peresoft Software and Support (Pty) Ltd
- Website
- https://peresoft.com
- Company type
- Private
- Founded year
- 1983
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Peresoft is a Cape Town-based, founder-owned software firm founded in 1983 that develops Cashbook, RecXpress, and EFTXpress — the de facto cash-management and EFT add-ons for Sage 300 ERP — and sells them through 500+ Solution Providers to 6,000+ companies globally.
- Ownership category
- akta.pro rank
Peresoft industry classification
Industry- Product category
- ERP Cash Management Add-on Software
- NAICS
- Computer Systems Design and Related Services (54151), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Accounts Payable Automation & Supplier Payments (FSAGAJAD)
- akta.pro secondary industries
- General Ledger & Close (Journal Entries, Month-End Close, Reconciliations) (BPAAAGAC), Accounts Payable (Invoice Processing, 2/3-Way Match, Vendor Payments) (BPAAAGAA), A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB)
Keywords
Where Peresoft is headquartered
LocationHeadquarters
- HQ city
- Cape Town
- HQ country
- South Africa
- HQ region
- Africa
Offices1 record
Markets served
Peresoft business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Software Licenses and Upgrades: Peresoft sells perpetual licenses for its Cashbook, RecXpress, and EFTXpress modules to end-user companies via its network of 500+ Solution Providers. The company releases annual versions (e.g., Version 2023, 2024, 2025, 2026) and charges for version upgrades to customers not on SupportPlus.
- SupportPlus (Annual Maintenance and Support): An annual Software Assurance / support contract (called SupportPlus) that entitles customers to receive the latest product versions, patches (PTFs), and technical support. Customers not on SupportPlus pay separately for version upgrades. Peresoft tracks SupportPlus expiry dates and sends renewal reminders through its Business Partner portal.
- Add-on Module Sales: Additional modules such as RecXpress for Bank Services are sold as separate add-ons to the core Cashbook product. Pricing for specific modules (e.g., RecXpress) is available on request via a price list page on the website.
- Professional Services / Custom Format Development: Peresoft writes custom bank statement format interfaces for RecXpress and EFT bank format interfaces for EFTXpress on behalf of customers who purchase RecXpress or EFTXpress. Customers are entitled to two free custom format developments with purchase; additional formats are charged separately.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Core Cashbook license — perpetual |
| Subscription | Annual | SupportPlus — annual software assurance |
| One time/ perpetual license | Pay-as-you-go | Add-on modules — RecXpress and EFTXpress |
| Freemium | Pay-as-you-go | 60-day free trial |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
Peresoft product offering
Product offeringCore offering
Peresoft develops and sells a suite of cash management, automated bank reconciliation, and electronic funds transfer (EFT) software modules that integrate natively with Sage 300 ERP (formerly Accpac). The product portfolio centres on Cashbook as the flagship cash management platform, supplemented by RecXpress and RecXpress for Bank Services for automated bank statement reconciliation, and EFTXpress for generating bank-format-specific EFT files with SFTP transmission and multi-level payment authorisations. All products are sold exclusively through a global network of more than 500 Solution Providers who deliver installation, customisation, training, and first-line support to Sage 300 customers.
Product overview
Peresoft is a South African financial software company established in 1983 that develops a suite of cash management solutions for Sage 300 ERP (formerly Accpac). The product portfolio consists of the core Cashbook platform — the de facto standard cash management solution for Sage 300 — supplemented by three add-on modules: RecXpress for automated bank reconciliation, RecXpress for Bank Services for users of the Bank Services module, and EFTXpress for Electronic Funds Transfer processing. All products integrate natively with Sage 300's GL, AP, and AR modules and are distributed and supported through a network of over 500 solution providers across Africa, Asia, Australia, Europe, Canada, and the USA. The company releases annual versions (e.g., Version 2023, 2024, 2025, 2026) with progressive feature enhancements focused on automation, security, and bank integration.
Differentiator
Problem solved
Functional benefit
Products and services
- Cashbook The flagship cash management solution for Sage 300 ERP, providing a central entry point for all cash transactions, bank account maintenance, cheque printing, and cashflow organisation. Supports on-premises, private-cloud, and hybrid deployments, multi-currency, user-access controls, and serves as the de facto cash management standard for Sage 300 internationally, trusted by over 6,000 companies and 25,000 users including many of South Africa's Top 50 JSE-listed companies.
- RecXpress An automatic bank reconciliation add-on for Sage 300 and Cashbook that matches bank statement entries to GL, AR, and AP entries using cheque number, amount, and date, achieving up to 99% automatic match rates. Supports intelligent rule-based templates, AR/AP batch generation, distribution sets for multiple allocations, Sage Bank Feeds integration, and SFTP-based automatic statement retrieval.
- RecXpress for Bank Services A variant of RecXpress designed for users of Sage 300 Bank Services module who do not have full Cashbook, enabling automatic bank statement reconciliation with the same matching and batch generation capabilities using custom bank statement formats.
- EFTXpress An add-on module for Cashbook that enables Electronic Funds Transfer processing, generating EFT files in bank-specific formats for direct upload to South Africa's major banks (ABSA, FNB, Nedbank, Standard Bank) and hundreds of international banks. Supports multi-level payment authorisations, SFTP transmission, file encryption, and importing of bank reference numbers to facilitate bank-statement reconciliation.
Quantifiable outcome
- Up to 99% automatic bank reconciliation matching accuracy within 4–6 months of use
- +5 more outcomes
Companies that use Peresoft
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
Peresoft technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature10 records
Peresoft partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered notable and core.
- AM Consultancy (AMCon)notableEswatini-based ERP, payroll and accounting software solutions specialist AM Consultancy implemented Sage 300cloud ERP with Peresoft Cashbook for the Radisson Hotel Group across Africa. The implementation covered 20 Radisson hotels and 30 other properties across 19 countries, streamlining cash management and financial reporting.
- MWare ConsultingnotableMWare Consulting (CEO Mich Martins, also Director at TPAC) partnered with Peresoft and Realm to develop and embed the Realm Digital ID capability directly into Peresoft Cashbook for Sage 300. MWare Consulting describes this as a 'foundational shift' in identity validation for Sage 300 workflows. MWare is also a founding member and spokesman of the Sage 300 Action Group.
- Sage 300 Action GroupnotableThe Sage 300 Action Group is a global community of ISVs, VARs, and consultants formed out of South Africa with backing from Peresoft (Bobby Perel), MWare Consulting, and other Sage ecosystem leaders. Peresoft founder Bobby Perel serves on the group, which has grown to ~400 members across AME, APAC, UKIA, Europe, and North America. The group offers quarterly ecosystem meetings, monthly ISV spotlights, tech deep dives, and a 24/7 WhatsApp knowledge-sharing community.
- FPC Enterprise SolutionsnotableFPC Enterprise Solutions partnered with Peresoft to deploy Peresoft's first SFTP solution for a leading mining solutions provider. FPC acted as the implementation partner, liaising with Peresoft's development team and the customer's bank (Standard Bank) to fast-track SFTP development and implementation.
- Sage (Sage ACCPAC International / Sage 300)corePeresoft is a longstanding Sage Development Partner (Gold Tier certified) and ISV for Sage 300 ERP (formerly Accpac). All Peresoft products are developed using the Sage 300 Software Development Kit and integrate natively with Sage 300's GL, AP, AR, and Bank Services modules. Peresoft actively participates in the Sage 300 ecosystem, including the Sage Business Partner Advisory Council and the Sage 300 Action Group.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
Peresoft competitors and assessment
Company assessmentBroad incumbents
- BlackLine: Cloud platform for accounting automation including balance-sheet reconciliation, intercompany accounting, and the recently-acquired Rimilia AR/cash-application suite. Comparable to RecXpress on automated reconciliation and to Cashbook on close management.
- NetSuite (Oracle): Cloud ERP suite with native cash management, bank reconciliation, and payment automation modules. Competes for the same mid-market ERP customers as Sage 300; Peresoft's ability to win against NetSuite's native capabilities limits Peresoft's expansion beyond Sage shops.
- HighRadius: Cloud-native treasury, cash application, and AP automation platform serving mid-market and enterprise customers globally. Comparable to Peresoft on the cash-management and payment-automation value proposition, but serves multi-ERP environments at much larger scale.
- Sage Group: Parent developer of Sage 300 ERP (formerly Accpac) and the broader Sage suite including Sage Intacct and Sage X3. Sage is the most directly relevant peer because Peresoft's entire product portfolio is built on the Sage 300 SDK and distributed within the Sage ecosystem; Sage also has Gold Tier Development Partner status with Peresoft.
Direct peers
- Bill.com: Cloud-based AP/AR and spend management platform serving SMB and mid-market customers with automated bill payment, invoicing, and bank connectivity. Comparable to Peresoft in automating supplier payments and bank reconciliation workflows.
- Tipalti: Global payables automation platform handling supplier onboarding, invoice management, tax compliance, and cross-border payments. Comparable to Peresoft EFTXpress on multi-bank, multi-currency supplier payment automation at scale.
- AvidXchange: AP automation platform focused on mid-market companies, automating invoice capture, approval workflows, and electronic payments. Comparable to Peresoft on the supplier-payment-automation and ERP-integrated AP value proposition.
- Trovata: SaaS treasury and cash-management platform that automates bank connectivity, cash positioning, and forecasting for mid-market and enterprise finance teams. Directly comparable to Peresoft Cashbook/EFTXpress in automating bank statement retrieval, reconciliation, and payment workflows.
- MineralTree (Versapay): AP automation and supplier payments platform for mid-market ERP users (Dynamics, Sage, NetSuite, SAP). Highly comparable to Peresoft EFTXpress and Cashbook on automating supplier payments and bank file generation within ERP environments.
Regional players
- Cellulant: Pan-African digital payments platform providing payment processing, collection, and disbursement infrastructure across 35+ African countries. Comparable to Peresoft on the African-region EFT/bank-payments value proposition, particularly relevant to Peresoft's South African customer base.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Peresoft social profiles
Digital presencePeresoft compliance and trust
Trust signalCompliance1 record
Peresoft financial estimates
Financial estimateRevenue estimate
Valuation estimate
Peresoft leadership team
Management profileNumber of profiles
Profiles1 record
Peresoft funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Peresoft M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Peresoft
What does Peresoft do?
Peresoft develops and sells a suite of cash management, automated bank reconciliation, and electronic funds transfer (EFT) software modules that integrate natively with Sage 300 ERP (formerly Accpac). The product portfolio centres on Cashbook as the flagship cash management platform, supplemented by RecXpress and RecXpress for Bank Services for automated bank statement reconciliation, and EFTXpress for generating bank-format-specific EFT files with SFTP transmission and multi-level payment authorisations. All products are sold exclusively through a global network of more than 500 Solution Providers who deliver installation, customisation, training, and first-line support to Sage 300 customers.
Is Peresoft a public or private company?
Peresoft is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Peresoft founded?
Peresoft was founded in 1983. It employs 1 to 10 people.
Where is Peresoft based?
Peresoft is headquartered in Cape Town, South Africa, in the Africa region.
How does Peresoft make money?
Four revenue lines are on record. Software Licenses and Upgrades are the primary driver. The others are supportPlus (Annual Maintenance and Support), add-on Module Sales and professional Services / Custom Format Development.
Who are Peresoft's main competitors?
Broad incumbents on record are BlackLine, NetSuite (Oracle), HighRadius and Sage Group. Direct peers are Bill.com, Tipalti, AvidXchange, Trovata and MineralTree (Versapay). Cellulant is listed as a regional player.
Does Peresoft have an API?
No public API is recorded for Peresoft.
What industry is Peresoft in?
Peresoft's product category is ERP Cash Management Add-on Software. Its primary akta.pro industry code is FSAGAJAD, Accounts Payable Automation & Supplier Payments, with a secondary code of BPAAAGAC, General Ledger & Close (Journal Entries, Month-End Close, Reconciliations). Its NAICS code is 54151 and its SIC code is 7372.