Tyneside audit technology group Inflo is creating 60 new jobs to support expansion in the Ƶ and in North America.
The company, based in North Shields, North Tyneside, was founded in 2016 by four experienced auditors who saw a gap in the market for a platform to make life easier for auditors, firms and their clients, having noted the industry was hampered by inefficiencies, frustrating software and outdated systems.
Inflo’s resulting product is said to eliminate time-wasting manual work, turning audit data into real, strategic insights, and it is used by firms around the work, from mid-size innovators to top-tier global networks.
Now the company has announced plans to hire over 60 new team members in the coming months, to support its continued expansion in North America and the Ƶ.
The expansion follows 243% year-on-year revenue growth in the US and a 43% increase in headcount during the same period, triggering a need to accelerate its growth plans, to meet demand from firms looking to modernise their audit services.
Inflo said it has seen a surge of US firms joining its platform this year, with new including multibillion-dollar fee income firms and fast-growing national firms, to regional firms looking to enhance their services, with recent signings include SingerLewak LLP – a top 100, private equity-backed firm – RKL LLP, HoganTaylor LLP, Brixey & Meyer, Dean Dorton Allen Ford, PLLC, Wolf & Company and Geffen Mesher. The business said it now supports over 20% of the top 100 firms in the US.
Mark Edmondson, CEO of Inflo, said: “As demand accelerates, we’re investing in our people and capabilities to help an ever-increasing number of firms deliver high-quality, tech-enabled digital audits. We’re seeing private equity-backed and independent firms increasingly view digital transformation as a strategic imperative.
“Our expansion ensures we’re well-positioned to support the wave of innovation happening across the profession.”
The 60-plus planned hires will span key functions across technology, product, customer onboarding, and customer success.
Inflo said it is taking a phased and strategic approach to hiring, “ensuring smooth onboarding at scale while preserving its high standards of platform scalability, best-in-class data security principles, and renowned culture”.
Mr Edmondson said the expansion supports Inflo’s long-term goal of delivering a fully integrated, end-to-end digital transformation platform that automates work and elevates accounting services.
He added: “Firms are under pressure and many are turning to Inflo to guide that change. We’re proud to work with firms that are ready to capitalise on the opportunities in the market – to unlock meaningful value and growth for their teams, their clients, and the profession as a whole.”
