FeeSynergy is the #1 provider of debtor management software and finance solutions to accounting and legal firms in Australia and New Zealand.
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Back in 1998, my co-founder Miki Simonovski and I were working together at a global finance company in their insurance premium funding division. It was there that we developed the idea for a similar but new product specifically designed for accounting firms to assist them with their cash flow. We called this new type of finance professional fee funding. In 2005, the company made the decision to exit from some of its non-core products including professional fee funding. We both shared a passion for the professional fee finance product and not wanting to see the fledgling industry go backwards, we decided to start up our own company … after all, how hard could it be?
As a start-up we could not afford for both of us to leave our paid corporate jobs so after many long nights and weekends of planning it was agreed that I would leave my job to start up FeeSynergy on a full-time basis (make or break!). This decision would not have been possible without the full support of our wives. Leaving the security of a well-paid job to embark on a new business venture is risky and simply not possible without the support of family to share the highs
and lows.We finally launched FeeSynergy in early 2007. Despite the early struggles to obtain funding and the challenges of the GFC, we pressed on, and built a successful finance business servicing hundreds of accounting and legal firms across Australia and New Zealand.
For those of you who don’t know our story … back in 1998, my co-founder Miki Simonovski and I were working together at a global finance company in their insurance premium funding division. It was there that we developed the idea for a similar but new product specifically designed for accounting firms to assist them with their cash flow. We called this new type of finance professional fee funding. In 2005, the company made the decision to exit from some of its non-core products including professional fee funding. We both shared a passion for the professional fee finance product and not wanting to see the fledgling industry go backwards, we decided to start up our own company … after all, how hard could it be?
There is no simple answer however if I had to put it down to 5 things I would say:
FeeSynergy officially launches in Australia
FeeSynergy monthly payment option now a standard feature of Reckon APS invoices
100th accounting firm accredited
Strategic pivot to SAAS debtor management
FeeSynergy payment gateway launched in Australia
FeeSynergy Collect launched in Australia
100th FeeSynergy Collect client implemented
Strategic integration partnership with Westpac
FeeSynergy Collect expands to legal sector
FeeSynergy Collect launched in NZ
FeeSynergy Collect managing in excess of $1bn of invoices
FeeSynergy payment gateway launched in NZ
FeeSynergy is the #1 provider of debtor management software and finance solutions to accounting and legal firms in Australia and New Zealand.
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