Cloud-based enterprise tool Xledger is aiming to take UK mid-market businesses by storm through the use of automated, flexible business software, but a tough task awaits them as competition hots up in the sector.

Norwegian-owned enterprise software developer Xledger is cranking up its UK with the appointment of its first UK CEO, former InterWorks Europe sales chief Mark Pullen. He has been tasked with helping the cloud-based business management system achieve ambitious international growth targets over the next five years.

Launched in 2006 by three former Agresso executives, Xledger is a pure-cloud product offering a large range of modules for fast-growing, mid-market businesses. These functions include core accounting, accounts payable and receivable, budgeting and forecasting, expenses, workflow and more.

Its four offices currently serve more than 10,000 customers in 50 countries. After a period of consolidation, the software house is now looking to scale up, with the UK mid-market high on its hit list.

“In the UK mid-market businesses are not as well-served as small businesses by cloud software,” Pullen told AccountingWEB, “and we hope to bring many of the advantages smaller businesses get from the cloud up to the mid-market.”In true SaaS fashion, Xledger offers a fixed-price monthly subscription service based on individual users’ requirements. However, it also has transaction-based options for companies that don’t want to pay a monthly fee for services like expenses, where some users only login and use the tool three times a year.

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