Chronology
2007
- Significant growth
- Started international expansion
- Saasu ‘Foundation’ conceived - 2% of profits, 2% of product and 2% of employee time
- Platinum Excellence in Innovation Award from CeBIT
- Integration with the world leading SaaS CRM Salesforce.com which has over 750,000 clients
- Leading SaaS for accounting and business management in Asia
- Contact module extensions
- Ten banks supported
- Extensions for payroll, invoicing and time-sheets for sole traders right up to large corporates with thousands of staff
- Signed 50th partner
- Dramatic growth in migration from old style software providers
- Configurable payroll (including Australian Work Choice reforms payroll)
- Saasu.com brand and website introduced to position us as a multi-product Software-as-a-Service utility making sophisticated applications as easy to deploy and use as turning on a water tap or an electric light switch
- First end-to-end consumer-to-bank SaaS retailer accounting implementation
- Peter Cooper appointed CEO
2006
- Free version release
- Accounting and Bookkeeping Industry support via free access.
- Workchoice reforms payroll release with Timesheets
- File attachments and the first release using Ajax technology was deployed.
- First international clients
2003-2005
- Web SaaS API enabling direct communication and transaction transfer to and from the NetAccounts engine.
- The full featured inventory module was released.
- NetAccounts launched into the Australian small business market at the Investor Expo at Darling Harbour in Sydney.
- Payroll features had been added and enhanced to the level of small business.
- The importing functionality from Internet banking was completed.
2002
- The application was moved to a new technology platform. Speed and other key features of this technology invited this change. By the end of 2002 much of the porting was complete.
2001
- Release 1.0 was launched, this initial cash book style product for calculating Australian goods and services (consumption) tax business activity statement (BAS) was released to a handful of commercial users. A positive response from those customers resulted in further capital injection and feature development plans in the areas of invoicing, payroll and bank importing.
2000
- Grant Young, then a customer, was also formulating a business application concept for the entertainment and arts industry. It was decided to commence a three-year project of building a subscription based online accounting application. The initial focus was to create an accounting engine (now known as NetAccounts).
- It was envisaged that the on-demand Application Service Provider (ASP) style applications like Internet banking and broking would quickly extend to other financial services. Business and investment management was the main area of interest so it was time to start the venture leveraging a more sophisticated approach employing the Software-as-a-Service (SaaS) foundation concepts.
1998/99
- The business concept of developing a subscription based online accounting application was formulated by Marc Lehmann a former Director of Global Markets Principal Finance at Deutsche Bank AG. This interest stemmed from two channels. Firstly, seeing the lack of an easy to use accounting software product in the Australian market for managing finances (i.e. you needed to be an accountant to understand them) and secondly seeing other web based applications that were very simple to use and provided the ultimate in user mobility (such as online banking).
