Avid Partners has a number of clients operating in the technology sector working in areas ranging from community based e-commerce operations to an applications developer targeting new advertising opportunities in the Irish media sector. When working with technology company’s we have to really get inside the mind-set of the business operator as in many cases it is very much an “out of the box” business area and concepts are often very new and invention based. Because of this an entrepreneurial perspective can work best when working with technology and e-commerce businesses and whilst traditional practices and financial best practices are always essential, a fresh approach is helpful when driving aspects of growth and development of a client’s technology business.
When people think of technology companies most conjure up images of the large multinational tech companies like Google, Intel, Microsoft, Amazon, Apple, Paypal, Facebook, IBM and similar global players. Whilst it is true that the majority of employment and revenue comes from the large players, there is also a significant subsector of smaller technology companies that feed into the big industry companies and indeed feed off them as well. Many indigenous companies are fostering collaborative relationships with the multinational sector to create strategic alliances, working partnerships and fostering innovations. Some key facts regarding the industry in Ireland include:
The technology sector is very vulnerable to economic uncertainties and much of its investment comes from perceived benefits in future operations rather than current day benefits. The lifecycle for new products and technologies is also getting shorter with many new inventions being killed off early in the development process if immediate benefits are not attained. Access to capital is always an issue for technology firms as revenue streams are usually generated down the line and many technology companies need access to ongoing capital until revenue streams materialise. Other issues facing technology companies includes the disruptive influence of patent troll companies and the recent advances in microfinance and crowd funding opportunities now available to small and start up technology companies.
- The technology sector in Ireland currently employs over 105,000
- Technology is a leading industry for the export market, current responsible for 40% of Ireland total exports
- Ireland has a thriving indigenous digital technology sector than employs more than 30,000 and generates revenues over €2bn according to the Irish Software Association
- Recent technology success stories include Stripe (payment process firm), Storyful (social media news agency) and Boxever (travel customer intelligence solutions)
Contact Avid Partners today on 014286900 to see how we can assist you with your technology business. Download our article on your area, book a place on our next industry seminar and make an appointment today to chat about your business with one of our expert Avid Partner staff.
Avid Partners Helping Business Turnaround Their Companies. Our 100 Day Turnaround Plan can help turn things around and get you back to profitability.
"A breath of fresh air. Your firm demonstrated enormous commercial understanding in turning around negotiations with a potential target vendor. I admire your style and ability to drive the deal forward. Many thanks."
"I would like to say I'm very happy with your service, especially the audit team, your staff are always friendly, helpful and a pleasure to deal with."
"Your business approach to clients is very impressive. I have always found that when explaining the types of service on offer, it is always concise and straight forward. The level of trust that clients place in your company and its staff speaks volumes."
"I would like to take this opportunity to say how much we are impressed with your company's professionalism, it has been a pleasure working with you all and we look forward to working with you in the future."
"Avid Partners - Accountants & Business Advisors are an excellent firm of accountants, their quality ethos is outstanding."
"I have dealt with Jamie O' Hanlon, of Avid Partners - Accountants & Business Advisors Chartered Certified Accountants, for a number of years as he is auditor to one of my clients. I have always found him to be professional and responsive in his approach."
"Service is second to none; there is always someone at the end of the phone for any business advice. The staff are very easy to get along with, very approachable and know exactly what they are talking about"
We at Fitzies Bar have worked with Avid Partners - Business & Financial Advisers for over five years. We find that the advice and support offered to us in addition to all of our book-keeping requirements to include payroll, VAT, etc. is invaluable and has helped to contribute to our continued growth especially in these challenging times. I would have no hesitation in recommending Avid Partners.
Jamie and his staff are a pleasure to work with. They respond promptly to any queries we have and are critical to our financial planning and the future needs of our business. I would highly recommend them to anyone interested in accounting services.
We at Stillorgan Cycles have used Jamie and his Team at Avid Partners – Accountants and Business Advisers for over five years. We have found that the retail advice and support offered to us is second to none and has helped to contribute to our continued growth especially in these challenging times. I would have no hesitation in recommending Avid Partners.
I met Avid Partners through a local business networking group. We had been using the same accountants for years and found that in these harsh economic times that we were not getting good enough value or service. We were very impressed by the company's professionalism and enthusiasm and genuine interest in helping us get the most out of our business. As a result we are now clients of Avid Partners and are thrilled with our decision.
After meeting Avid Partners with a view to changing our accountants, we came away with a better deal financially and a feeling that we were in capable hands. We feel that Avid Partners has a personal interest in the welfare of our business. Avid Partners have given us great advice, help and support and respond to our day to day queries with speed and efficiency. We feel it was a great move for us to change to Avid Partners.