Startup aims to bridge gap between accounting and ERP

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Startup aims to bridge gap between accounting and ERP

Three big names join forces to create a suite of cloud business applications.

KPMG Australia, Commonwealth Bank and Microsoft have partnered to form a startup called Wiise, which is developing a cloud service with a suite of applications that will include accounting, payroll and banking, plus operational areas including HR, inventory and manufacturing.

Wiise will integrate with other software, including Microsoft Office 365.

"The idea for Wiise was sparked by our acquisition of Microsoft systems implementer, Hands-On Systems," said KPMG Australia national managing partner for markets and growth James Hunter.

"It opened our eyes to a gap in the market between existing cloud accounting software providers to SMEs and enterprise-scale ERP solutions."

Perhaps surprisingly, research conducted for Wiise found 78 percent of Australian small and mid-sized enterprises think their business and operations are of medium or high complexity.

"By collaborating with market leaders CBA and Microsoft, we have been able to develop a single platform at an affordable price to unite SMEs' accounting, financial and business needs," added Hunter.

Microsoft Australia managing director Steven Worrall said: "As businesses mature, they experience the inevitable 'growing pains' and complexity that come with growth. The technology solutions that served them well when they first started out are no longer fit for purpose and they just want a solution that makes their business simpler to run and faster to grow but without the complexity of deploying large, expensive ERP solutions."

"Wiise is software you'll never outgrow," Microsoft boldly claims in a promotional video.

Commonwealth Bank's part includes the integration of Wiise with the CommBank Simplify invoicing system, bank feeds, and the ability to enquire about and in some cases apply for specialised business banking products through Wiise.

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