Story image

Reckon targets A/NZ market with two cloud-first acquisitions

01 Feb 17

Reckon is looking to enhance its core capabilities by acquiring perpetual licenses to the source code for two cloud based applications.

The source codes are from Pose, a leading Israeli web-based point of sale (POS) system provider, as well as MicroManager, a mobile-based time tracker established in New Zealand.

With Pose Technology’s cloud-based POS system, businesses are enabled to track sales, manage inventory, reward customer loyalty, manage employees and run reports on any device. 

Clive Rabie, group chief executive officer of Reckon, says enhancing the company’s retail capabilities was a logical next step.

"The days of being tied to the cash register and fumbling about with dollars and coins are moving behind us. We are already seeing more retailers, especially in the food and beverage space, taking orders on iPads, and that’s exactly what we are facilitating,” he explains.

“There needs to be a good and uninterrupted flow of data between a business’ POS and accounting platform, so as to enable a seamless transactional experience.” 
MicroManager technology offers a cloud- and mobile-based timesheet application that enables accountants to capture time on the go. 

“Accountants bill by the hour, so every minute spent on administrative tasks equates to potential billable hours loss,” adds Rabie.

“As workforces become more mobile, we are also seeing a growing demand from professionals to capture time on the move. This is especially so with the millennials, who have become so reliant on their smart phones, that soon the lines between work and personal devices will likely cease to exist,” he says.

“Reckon works with the top 200 accounting firms in Australia, and they all want to be more mobile, agile and flexible.”

Rabie explains that the reality is there are now more people working from anywhere and on any device, so an app like this is really going to assist with how the Australian workforce is shifting and evolving.

“Both acquisitions are highly targeted. We took the time to find the right partners that shared our vision and we found that in Pose and MicroManager,” he adds.

“Ultimately, it’s all about delivering on what our customers want – and that’s increasingly cloud-enabled applications, to help them work better and reap better business outcomes.” 

Both applications will be independently branded as Reckon products and rolled out within the first half of 2017 in Australia and New Zealand.

Dimension Data nabs three Cisco partner awards
Cisco announced the awards, including APJ Partner of the Year, at a global awards reception during its annual partner conference.
WatchGuard’s eight (terrifying) 2019 security predictions
The next evolution of ransomware, escalating nation-state attacks, biometric hacking, Wi-Fi protocol security, and Die Hard fiction becomes reality.
Why the adoption of SAP is growing among SMEs
Small and medium scale enterprises are emerging as lucrative end users for SAP.
Exclusive: How the separation of Amazon and AWS could affect the cloud market
"Amazon Web Services is one of the rare companies that can be a market leader but remain ruthlessly innovative and agile."
HPE extends cloud-based AI tool InfoSight to servers
HPE asserts it is a big deal as the system can drive down operating costs, plug disruptive performance gaps, and free up time to allow IT staff to innovate.
Digital Realty opens new AU data centre – and announces another one
On the day that Digital Realty cut the ribbon for its new Sydney data centre, it revealed that it will soon begin developing another one.
A roadmap to AI project success
Five keys preparation tasks, and eight implementation elements to keep in mind when developing and implementing an AI service.
The future of privacy: What comes after VPNs?
"75% of VPN users said they are seeking a better solution for cloud networks."