iFRC

What iFRC does

iFRC Limited is a privately held UK software company founded in 2015 by chartered accountants Stephen Bailey and Paul Chatha, headquartered at 1 Abbey Gardens, Great Haywood, Staffordshire. The company develops a financial reporting and consolidation application for small and medium-sized enterprises, owner-managed businesses, and multi-entity groups, positioned as a lower-cost, simpler alternative to enterprise corporate performance management tools such as Hyperion and SAP. The core product is delivered as a Microsoft Excel toolbar and add-in that automates data import, multi-entity consolidation, multi-currency translation, intercompany reconciliation, and management/board reporting without requiring coding knowledge or external implementation services. Supporting offerings include the EA Summary Log sub-product for DEFRA regulatory reporting, an Outsourced Accounting service line, Business Process Re-engineering consulting, Sage 50 subscription resale, and tailored training for Excel, Access, and Sage 50.

The iFRC application is the company's own proprietary software, built on industry-standard technologies including SQL, MySQL, and Adobe and Microsoft products. It is designed to sit over a client's existing accounting or ERP system (Sage 50, Navision, Oracle, or other databases) without requiring new system purchases. The platform bundles Administration, Consolidation, and Reporting & Analysis modules into a single package, with named capabilities including AuditAnalytics for month-end process monitoring, a security permission system with per-user menu customisation, and multi-currency handling with automatic exchange rate import and a reconciled FX audit report.

iFRC generates revenue primarily through an annual subscription under a "no licence fees" model that includes all modules, unlimited users, and no per-user or per-module charges, supplemented by unit-priced training (from £299 per person; approximately £25 per A-level student), the £999/annum EA Summary Log tool, bespoke Sage 50 integrations, and outsourced accounting services. Distribution is direct via the company website, phone ((01889) 883860), and email ([email protected]), with an additional channel through the Sage Business Partner relationship that exposes iFRC to Sage 50's UK and Ireland installed base of over 140,000 customers. The Everyday Excel blog and a dedicated YouTube channel, alongside LinkedIn, Twitter, and Facebook profiles, function as the top-of-funnel demand-generation layer. The company has not disclosed any external investors, funding rounds, subsidiaries, or M&A activity.

Name

iFRC

Legal name

iFRC Limited

Website

https://ifrc.co.uk

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

iFRC Limited is a privately held UK software company founded in 2015 that builds Excel-based financial reporting and consolidation software for SMEs and multi-entity groups. It sells on a no-licence-fee annual subscription, distributes directly and via its Sage Business Partner channel, and offers adjacent outsourced accounting and training services.

Ownership category

akta.pro rank

Product category

Financial Reporting and Consolidation Software

NAICS

Software Publishers (513210), Software Publishers (51321)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro industry

PRIMARYBPAEAGAO

Enterprise Application License Advisory, Vendor Management & Optimization

Business & Public Services/IT & Digital Services (Managed Services, Systems Integration)/Enterprise Applications Services (ERP/CRM/HRIS)

Keywords

• Financial consolidation software
• Management reporting tools
• Excel-based reporting
• Multi-entity consolidation
• Sage business partner

Headquarters

HQ city

Stafford

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. iFRC Software Subscription: Fully inclusive financial reporting and consolidation software package. No licence fees, no external implementation teams, no additional costs for additional modules. Unlimited use within the company.
2. Training Services: Tailored training solutions for Microsoft Access, Excel and Sage 50 applications. Provided on-site due to bespoke nature. Prices start from £299 per person.
3. Educational Support: A-level support to schools bringing real life situations to database creation and Excel. Approximately £25 per student.
4. Outsourced Accounting Solutions: From bookkeeping to management reporting to strategic support. Month-end bookkeeping services through to full month end close and reporting solution.
5. EA Summary Log Tool: EA Summary Log reporting tool for uploading data, running comparison analysis, and submitting summary logs. £999 per annum, no additional transaction costs.
6. Sage Subscriptions and Renewals: Sage Business Partner offering exclusive Sage 50 subscription discounts and renewals.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

iFRC sells a proprietary financial reporting and consolidation software application delivered as a Microsoft Excel toolbar and add-in, providing SMEs with automated data upload, multi-entity and multi-currency consolidation, intercompany eliminations, and management/board reporting. The product is offered as an all-inclusive annual subscription with no licence fees, and is complemented by professional services including outsourced accounting, business process re-engineering, Sage 50 integration, and Excel/Access training.

Product overview

iFRC is a single unified financial reporting and consolidation software platform built by accountants for accountants. The core product is the iFRC application, which provides a complete end-to-end solution encompassing Administration, Consolidation, and Reporting & Analysis modules—all delivered through an intuitive Microsoft Excel toolbar and add-in interface. The platform is designed to rival enterprise solutions like Hyperion and SAP while offering SME-friendly pricing with no licence fees. Supporting the core platform, iFRC offers the EA Summary Log sub-product for regulatory reporting, and provides professional services including Business Process Re-engineering, Outsourced Accounting Solutions, Sage integration services, and Training. The Everyday Excel sub-brand delivers educational content and tips to help users maximise productivity with spreadsheet tools.

Differentiator

Problem solved

Functional benefit

Products and services

• iFRC Financial Reporting and Consolidation Software
• EA Summary Log Tool
• Outsourced Accounting Solutions
• Business Process Re-engineering (BPR)
• Sage 50 Services
• Training Services

Quantifiable outcome

• Board pack production reduced from days to minutes
• +3 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature6 records

Partnerships

One partnership is on record.

• SagecoreChannel Partner/ Reseller/ DistributoriFRC is a Sage Business Partner and Sage Developer. They offer exclusive Sage 50 subscription discounts and renewals, and create bespoke systems that integrate seamlessly with Sage. Sage 50 Accounts is the market leading accounts software in the UK and Ireland with over 140,000 customers. This partnership enables iFRC to access Sage's customer base and offer integrated solutions.

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• BlackLine: Cloud-based accounting and financial close automation platform serving the mid-market and enterprise. Comparable on consolidation/close functionality but at a different scale and price point; represents the cloud-native direction iFRC may need to evolve toward.
• Oracle Hyperion: Enterprise consolidation, planning, and financial reporting software suite from Oracle. Explicitly named by iFRC as the enterprise alternative it displaces for SMEs — comparable on core consolidation functionality but vastly larger scale and price point.
• Sage Intacct: Cloud-native financial management SaaS from Sage, competing in the same SME/upper-mid-market consolidation and reporting segment. iFRC's Sage Business Partner status makes this both a partner-adjacent and competitive relationship.
• Workiva: Cloud-based reporting and compliance platform widely used for financial reporting, SEC filings, and ESG disclosures. Comparable on consolidated/linked reporting functionality but a much larger, publicly-traded player in adjacent territory.

Emerging players

• FloQast: Cloud-native financial close management platform that automates month-end consolidation and reporting. Comparable use case (financial close acceleration for mid-market) but modern cloud architecture rather than Excel-based.
• Prophix: Mid-market-focused CPM platform for budgeting, consolidation, and reporting. Comparable on target market (mid-market finance teams) and on consolidating multi-entity data with limited IT involvement.
• Jedox: EPM and FP&A platform with Excel add-in heritage similar to iFRC, now extended to a cloud-native platform. Comparable on Excel-friendly modelling and consolidation/reporting use cases for mid-market.

Regional players

• LucaNet: European-headquartered CPM and financial consolidation software vendor targeting mid-market and enterprise. Comparable on consolidation, intercompany elimination, and group reporting functionality; primarily serves DACH/European markets.

Direct peers

• Fathom: Cloud-based financial reporting, analysis, and visualization platform purpose-built for SMEs and accountants. Highly comparable as a SME-focused, accountant-friendly financial reporting solution, though browser-native rather than Excel-add-in based.
• Vena Solutions: Excel-native FP&A and consolidation platform that also leverages the Excel interface. Directly comparable on technology approach (spreadsheet-based) and target buyer (finance teams seeking consolidation/reporting without enterprise complexity).

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ifrcltd
• YouTubeyoutube.com/channel/UCCpCefaDhpMZOpv17dZIlqg
• Facebookfacebook.com/iFRCltd
• LinkedInlinkedin.com/company/ifrc-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

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 iFRC