TI

Turnkey Ips

www.turnkey-ips.com link_icon

Company Research Report



Company Overview



Name: Turnkey IPS

Mission: To drive digital transformation and innovation across the insolvency and restructuring sectors by providing industry-leading case management software solutions.

Founded: 1980

Founder: Dr. Barry Wood

Key People:
  • Barry Wood: Founder

  • Tony Wood: Non-Executive Director

  • Deborah Baxter: CEO

  • Peter Little: Chairman

  • Darren White: Global Head of Product

  • Annemarie Thomson: Director

  • Kenny Doole: Commercial Director

  • David Kerr: Head of Projects

  • Craig McDonnell: Director of Personal Insolvency

  • Ian Carson: CTO

  • Jim Downey: Director, Australia

  • Toni Van Der Kreek: Director, Australia

  • Walter Gray: CTO, Australia


Headquarters: Glasgow, Scotland (Main Office)

Number of Employees: No information is available

Revenue: No information is available

What is the Company Known For:
Turnkey IPS is known for being the UK’s market leader in corporate insolvency software, providing comprehensive solutions for managing insolvency cases for over 40 years. They are recognized for their innovative products, such as IPS Cloud, IPS SQL, and the Creditor Portal, which are used globally across 17 jurisdictions.

Products



IPS Cloud


  • Description: A SaaS-based global insolvency software, fully digitized ERP solution supporting all insolvency and restructuring processes.

  • Key Features:

  • 100% Cloud-Based: Access data from anywhere.

  • Compliant: Fully compliant with the Insolvency Act 1986.

  • Enhanced Reporting: Insightful reporting to drive better decision-making.

  • Automation: Workflow automation to increase operational efficiency.

  • Interactive Dashboards: Highlight statutory tasks and approvals.

  • Mobile Access: Log time and manage approvals on the go.


IPS SQL


  • Description: A cost-effective software for managing both corporate and personal insolvency cases.

  • Key Features:

  • Time Management: Record chargeable and non-chargeable time.

  • Document Management: Link documentation to each creditor.

  • Secure Banking: Automatic bank reconciliation and transaction processing.

  • Real-Time Reporting: Quick access to required reports and data.

  • Cloud Hosting: Option for hosted solutions to reduce hardware investment.


Creditor Portal


  • Description: Secure hub enabling registered IPS Cloud users to publish case information accessible to creditors and other stakeholders.

  • Key Features:

  • Claims Processing: Submit and track claims.

  • Voting Decisions: Vote on resolutions and decisions.

  • Custom Branding: Portal customization with business branding.

  • Audit Trail: Comprehensive tracking of activities.


Recent Developments



New Products Launched


  • Turnkey Academy: Training platform providing resources like courses, tutorials, and help guides for IPS Cloud users.

  • IPS Cloud Mobile App: App for managing approvals and logging time on the go, compatible with iOS and Android devices.


New Features Added


  • Workflow Automation: Automating repetitive tasks in IPS Cloud to improve efficiency.

  • API Integration: Integration with external systems such as Encompass, Valid8, and Gazette Direct.

  • Secure Development: ISO 27001:2013 and Cyber Essentials certification achieved to enhance security.


New Partnerships


  • Tquila Automation: Partnership to deliver Accelerate for IPS Cloud, enabling automation of insolvency processes.

  • Postworks: Partnership for cloud posting and secure document delivery.

  • Virtual Cabinet: Integration for secure file sharing and eSignatures.


Key Milestones


  • 2023: Launch of Turnkey Academy, Turnkey Exchange Podcast, and IPS Cloud mobile app.

  • 2022: Achieved ISO 27001:2013 certification.

  • 2021: Official launch of IPS Cloud.

  • 2020: Introduction of IPS Cloud Minimum Viable Product (MVP) to testers.

  • 2019-2018: Start of IPS Cloud development journey.