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.
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Technology Sector
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:
Sector Issues
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.
Industry Stats
- 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 Us
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.
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Avid Partners can provide you with a full range of accounting services to cater for your company's needs. Contact us today on 01 4286900.
Avid Partners can help reduce your tax bill and make life a little easier. In our experience taxation is an area companies and individuals don’t spend enough time considering.
Put simply Avid Partners get to know you and your business before offering solid insights and analysis as your operation moves to the next level. Contact Us Today 01 4286900
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Avid Partners Helping Business Turnaround Their Companies. Our 100 Day Turnaround Plan can help turn things around and get you back to profitability.
Cash Flow management is one of the most critical success factors for small businesses. Many successful businesses have ran into problems because of poor cash flow controls.
Avid Partners offer services that take the hassle out of the administration of your business. These include: payroll, contracts, recruitment, company handbooks and outsourced staff.
Sales and Marketing are at the heart of every successful modern business. Companies today must be marketing savvy and put their best foot forward. Contact Avid Partners
Establishing and growing a business can be a daunting prospect. Many are unsure of where to start or how to get their vision off the ground. Avid Partners can help.
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"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." -
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Having got to know the company through the BNI we decided it was time to change accountant. What impressed me about Avid Partners was their professionalism. Their attention to detail was second to none and as an added bonus they are a sounding board to all of my questions. Avid also potted some irregularities in my accounts from the previous few years and saved me substantial money on the years tax bill. Avid Partners deliver a first class service which is everything you could want from an accountant and I am happy to give this endorsement. -
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.
