Avii Announces First External Funding from Blue Diamond Capital
The new infusion from Blue Diamond Capital LLC (www.bluedicap.com), of Provo, Utah, joins more than $2.5M in internal funding from operational profit. It will accelerate hiring of key marketing, sales and software development positions to support the companyâ€™s rapid growth during 2020. Amount and terms of the agreement were not disclosed.
Avii has a 19-year legacy of custom software development for several of the worldâ€™s largest accounting firms, including KPMG, and has powered audits and other accounting initiatives for Federal funds that pass through key national and state government organizations. Avii Workspaceâ„¢ provides firms of all sizes with technology automation and other advantages formerly enjoyed only by the Big 4. Avii Workspace is especially geared to the vast market of more than 10,000 accounting practices that employ 20 or fewer Certified Public Accountants (CPA) and are most severely underserved by traditional accounting software offerings. fintech news
â€œInstead of a single point solution, we provide more than 20 software tools and solution sets in Avii Workspace that extend, interconnect or replace the deficiencies of existing accounting software systems across tax, audit and advisory practices of all sizes,â€ said Avii Co-Founder and CEO Lyle Ball. â€œOur investors and customers note that no other accounting software company has transformed multiple decades of institutional knowledge and a market-leading customer base into a vibrant, unified practice management platform at the level Avii has achieved.â€
Avii provides tax, audit, advisory, management consulting and compliance organizations with an integrated suite of most-required practice management software solutions. Avii Workspace is the first true SaaS Hubâ„¢, giving consultants and clients a single portal and a unified workspace for the functions that drive consistent workflow, business intelligence and communication to propel business success.
Avii Consulting Services are able to accomplish Fast Start Implementations for all users from single accountants to the Big 4. Unlike industry implementations that may take 6-8 weeks, Avii can make the benefits of Avii Workspace available immediately by breaking up deployment and segmenting data, requiring just 1-2 days per team, rather than pausing firm wide to re-sync the entire organization. Avii provides accounting firms, software developers and VARs an Avii API and custom app development services.
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