Bench, a Canada-based accounting startup that offered software-as-a-service for small and medium-sized businesses, has abruptly shut down, according to a
It was around for 12 years, had 600 employees, and was backed by Sage, which is one of the largest business accounting packages in existence. I don’t think it was fly by night.
The founder pretty much said FAFO regarding them ousting him. So it was doing fine until then.
Here’s a link for those who find the previous comment as intriguing as I did. If someone has the fortitude to go on Twitter and get the full text of that post, I’d be interested in seeing it.
I’m sure there is more than one mom and pop outfit using them who thought they were just “new quick books”. I would certainly feel sorry for people who are swindled by con men, and this feels the same to me.
Drives me crazy that accounting software is SAAS. The last thing I want is my business accounting on someone else’s systems, regardless of how encrypted, backed up, etc.
Just look at the recent large company whose entire business data set was deleted by Google. If it were a small mom n pop, they’d be out of business before Google even responded.
I swear I see a business opportunity as an IT consulting service that implements nothing but local solutions.
How beyond ridiculous. Anyone who loses data to such a fly by night outfit deserves no better.
It was around for 12 years, had 600 employees, and was backed by Sage, which is one of the largest business accounting packages in existence. I don’t think it was fly by night.
The founder pretty much said FAFO regarding them ousting him. So it was doing fine until then.
Here’s a link for those who find the previous comment as intriguing as I did. If someone has the fortitude to go on Twitter and get the full text of that post, I’d be interested in seeing it.
I’m sure there is more than one mom and pop outfit using them who thought they were just “new quick books”. I would certainly feel sorry for people who are swindled by con men, and this feels the same to me.
Drives me crazy that accounting software is SAAS. The last thing I want is my business accounting on someone else’s systems, regardless of how encrypted, backed up, etc.
Just look at the recent large company whose entire business data set was deleted by Google. If it were a small mom n pop, they’d be out of business before Google even responded.
I swear I see a business opportunity as an IT consulting service that implements nothing but local solutions.
Local solutions are best but these shops or businesses probably want something as easy as possible, so Software as a service