Winners Chosen for Startup Accelerator Focusing on Accounting Technology

3 Early-Stage Companies Selected by the Association of International
Certified Professional Accountants and CPA.com

NEW YORK–(BUSINESS WIRE)–Three early-stage financial technology companies have been selected as
this year’s winners for a startup accelerator sponsored by the Association
of International Certified Professional Accountants
(the
Association) and CPA.com.

The startup accelerator began almost two years ago with a focus on
fintech and educational technology. It is designed to promote innovation
in the accounting profession and give the Association and CPA.com more
visibility into disruptive trends from emerging technologies. Finalists
get a nominal funding investment and guidance from a panel of experts in
the profession on marketplace needs.

“The value proposition for these companies is they get access to
insights from senior leaders of the Association and CPA.com, as well as
a panel of distinguished advisors with deep ties to the accounting
profession,” said Lawson Carmichael, chief operating officer of the
Association. “And for us, the program keeps us connected to front-line
innovation.”

This year’s finalists are:

  • Gappify
    – A San Francisco company that uses bot technology – dubbed ‘Alan’ –
    to automate time-consuming, repetitive tasks for corporate accounting
    teams in such areas as accounts receivable, accounts payable and
    general ledger.
  • Client
    Hub
    – The Gainesville, Fla.-based startup provides a modern
    communications platform for accountants and clients through an
    all-in-one workspace and mobile app, eliminating the need for clunky
    email conversations and easing the delivery of critical data.
  • Dryrun
    – A Canadian startup that simplifies forecasting of cash flow, one of
    the most critical pieces of information for small businesses.

Each finalist will be given the opportunity to present information about
their company in June at AICPA ENGAGE, one of the leading events devoted
to public accounting in the United States.

“Early-stage technology companies are driving great innovation and new
capabilities for the CPA profession,” said Erik Asgeirsson, president
and CEO of CPA.com, the technology subsidiary of the American Institute
of CPAs. “We got great feedback from our first class of companies last
year, and we expect to build on our progress with this current group of
innovative startups.”

For more information about the startup accelerator, please visit aicpa-cima.com/accelerator.

About CPA.com

CPA.com brings innovative solutions to the accounting profession, either
in partnership with leading providers or directly through its own
development. The company has established itself as a thought leader on
emerging technologies and as the trusted business advisor to
practitioners in the United States, with a growing global focus.

Our company’s core mission is to drive the transformation of practice
areas, advance the technology ecosystem for the profession, and lead
technology research and innovation efforts for practitioners.

A subsidiary of the American Institute of CPAs, the company is also part
of the Association of International Certified Professional Accountants,
the world’s most influential organization representing the profession.
For more information, visit CPA.com.

About the Association of International Certified Professional
Accountants

The Association of International Certified Professional Accountants (the
Association) is the most influential body of professional accountants,
combining the strengths of the American Institute of CPAs (AICPA) and
The Chartered Institute of Management Accountants (CIMA) to power
opportunity, trust and prosperity for people, businesses and economies
worldwide. It represents 667,000 members and students across 184
counties and territories in public and management accounting and
advocates for the public interest and business sustainability on current
and emerging issues. With broad reach, rigor and resources, the
Association advances the reputation, employability and quality of CPAs,
CGMAs and accounting and finance professionals globally.

Contacts

Jeff May
212.596.6122
[email protected]

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