A North East accountancy firm is aiming to race ahead of its rivals with a major investment in cloud computing services.
Independent practice Ryecroft Glenton began life in 1967 when senior partner Tony Glenton and his uncle set up the current business, now headquartered in Portland Terrace in Newcastle.
Since then the firm has grown to a 100-strong firm with 13 partners, with offices in Newcastle, Morpeth, Rothbury and Whitley Bay.
The business has expanded through a combination of organic growth and acquisitions, and handles clients ranging from professionals to charities and educational organisations in the not-for-profit sector.
But managing partner Chris Robson said it is the company’s latest move into the cloud which represents Ryecroft Glenton’s biggest expansion in decades.
Robson said: “We’re embracing cloud accounting because of its huge advantages for our clients.
“Switching on to cloud accounting facilitates functions such as reconciliations, book-keeping and credit control, with automatic bank feeds leading to the creation of more meaningful and timely management information.
“It means we can collaborate with clients online and both see live data at any time in a user friendly format.
“This is an important investment for Ryecroft Glenton. Cloud accounting is without doubt the way in which accounting services are moving, especially for entrepreneurs and privately-owned businesses, transforming the way they manage their finances.”
The new department is headed by new recruit Will Tombs, a cloud accounting specialist, and a further three cloud-experienced accounting staff who have worked with Tombs for some time – Wendy Cookson, Melanie Denny and Gemma Stanhope – who will all be based at the firm’s Newcastle offices.
Tombs said: “The growth of cloud services is genuinely exciting, and I’m delighted Ryecroft Glenton is at the forefront of this rapid growth, offering its clients accounting services which solve key issues.
“Cloud accounting saves companies and accountants significant time on day to day tasks, freeing them up to focus on driving forward their businesses. This offers them a competitive edge as the economy begins to grow.”