Exact, supplier of the most comprehensive business software portfolio for SMEs in the Benelux, acquires SRXP, the Dutch market leader in Expense Management cloud software. As such, Exact expands its possibilities for cost control and efficiency in SMEs, making the employee reporting and declaration process more efficient.
Efficient expense management is a challenge for many organizations, most have yet to fully automate this important process. With SRXP’s mobile application and cloud portal, the business community can reduce the time spent on expense claims by 75 percent.
Pieter Verbruggen, CEO SRXP
“The combination of running our own label for larger companies and an integrated offering within Exact’s solutions for accountants and SMEs means that we will soon be supporting an amazingly wide array of businesses with our technology, and we are incredibly proud of this.
Exact and SRXP already share many joint customers, who combine the SRXP Expense Management solution with the financial software solutions Exact Globe and Exact Online. The combined Technology Teams of the two companies will work on an even tighter integration of SRXP into the product portfolio of Exact. In addition, SRXP will also continue to sell and support its larger customers like Mammoet, Port of Rotterdam, Bugaboo and Rituals with the existing SRXP solutions.
Pieter Verbruggen of SRXP: “As part of the Exact group we can further accelerate our strong growth. We get to work with a large group of knowledgeable colleagues with expertise in the field of technology, sales, support and marketing. The combination of running our own label for larger companies and an integrated offering within Exact’s solutions for accountants and SMEs means that we will soon be supporting an amazingly wide array of businesses with our technology, and we are incredibly proud of this.”
SRXP started in 2010 as a student project at the University of Amsterdam. It’s still based in its original Amsterdam Science Park location alongside hundreds of talented students whose projects have attracted interest from prominent companies. It’s a typical Science Park success story: over the years, SRXP has grown steadily through involvement in the city’s entrepreneurial environment and it is now a scaleup with over 700 clients in more than 90 countries, including Airbus, Balmain Hair and Rituals. Exact has similar origins: it began in 1984 as a student-led startup in a garage in Delft, the town where it is still based today.
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