Bench Accounting Market Research Report
Company Overview
Name, Mission of the Company
Name: Bench Accounting
Mission: To help every business owner thrive, by providing financial insight and peace of mind in one seamless platform.
When was the Company Founded and By Whom
Founded: 2013
Founder: No information is available
Key People in the Company
- Chief Executive Officer: Jean-Philippe Durrios (appointed as CEO)
- Chief Financial Officer: Mor Lakritz
- Chief Revenue Officer: Todd Daum
- Senior Vice President of Sales: Kevin (KD) Dorsey
- Vice President of Marketing: Jared Jost
Where is the Company Headquartered
Headquarters: Vancouver, BC
Number of Employees
Employees: 600+
Revenue of the Company
No information is available
What is the Company Known For
Bench Accounting is known for offering online bookkeeping and tax filing services powered by real humans. Their service includes dedicated bookkeeping experts and a financial software platform designed to simplify small business finances.
Products
What Products Do They Offer
1. Bookkeeping Service
2. Tax Filing Service
High-Level Description of the Product
- Bookkeeping Service: Bench assigns a team of bookkeeping experts to manage monthly financial tasks for small businesses, providing financial statements and expense overviews.
- Tax Filing Service: This service includes tax preparation, filing, and year-round tax advisory support.
Key Features of Each of the Products
- Bookkeeping Service:
- Dedicated Team: One-on-one expert support available via desktop or mobile.
- Financial Reporting: Monthly financial statements, expense overviews, and at-a-glance visual reports.
- Real-Time Insights: Updated financial data anytime with automated transaction syncing.
- Catch-Up Bookkeeping: Service to get businesses caught up on overdue bookkeeping and tax requirements.
- Tax Filing Service:
- Year-End Package: A comprehensive year-end package that includes all necessary documents for filing taxes.
- Tax Advisory: Expert advice and support throughout the year.
- Stress-Free Filing: Simplified tax preparation and filing by bookkeeping experts.
Recent Developments
What are the Recent Developments in the Company
- Partnerships:
- Opolis Partnership: Streamline financial tasks for independent workers and freelancers.
- Ubiquity Partnership: Strengthen small business finances with easier retirement planning.
- Wealth Factory Partnership: Integrated personal finance services for entrepreneurs and small business owners.
What are the New Products Launched
No information is available
What are the New Features Added to Existing Products
- Real-Time Insights: Real-time data for financial insights and data accessibility.
- Personal Accounts for Business: A new tool to manage business transactions from personal accounts.
- Central Notifications: A central place for notifications to streamline monthly financial tasks.
- Improved Transaction Categorization: Enhanced features for categorizing multiple transactions at once.
- Real-Time Data Access: Immediate appearance of transactions for connected accounts into financial reports.
Any New Partnerships
- Partnership announcements with Opolis, Ubiquity, and Wealth Factory.
Conclusion
This report provides a detailed look at Bench Accounting's mission, products, recent developments, and key company information. Bench continues to innovate in providing bookkeeping and tax services powered by real humans, supporting small business owners in managing their finances efficiently. The emphasis on real-time insights and comprehensive support positions Bench as a significant player in the fintech industry.
