TeamSystem has acquired French accounting software provider ACD, expanding the Italian group’s presence in France.

In a separate transaction, it also acquired DIA Yazılım, a cloud software company in Türkiye, as it continues to build its business outside Italy.

ACD develops accounting and management software for accounting firms and related professionals in France. Founded in 2004, it now serves about 3,200 firms, which in turn support more than 1.3 million businesses.

Based in Tours and Aix-en-Provence, ACD generated about EUR €35 million in revenue in 2024 and employs more than 280 people. Its products cover accounting production, practice management, customer relationship management, document management and payroll.

The acquisition gives TeamSystem a larger foothold in a market undergoing changes to administrative and tax processes as electronic invoicing is introduced in stages. Italy has already adopted that model, and TeamSystem has built much of its domestic business around software used by companies and professional firms to manage those requirements.

France is an important market for accounting and compliance software providers because accounting firms play a central role in helping small businesses manage reporting and tax obligations. ACD’s customer base places it firmly in that segment, supplying tools used in the day-to-day operations of professional firms.

Federico Leproux, TeamSystem’s chief executive, said France was central to the group’s plans beyond Italy.

“Given the importance of professional services firms in its economic system and the profound transformation under way in administrative and tax processes, France plays a strategic role in our European growth journey,” Leproux said. “The French context is closely aligned with Italy’s, where electronic invoicing marked a milestone in the digitalisation of companies and SMEs. With the acquisition of ACD, we aim to bring this expertise to France, supporting professionals in their daily activities and helping them navigate the digital transformation.”

Türkiye Expansion

The second deal adds DIA Yazılım to TeamSystem’s portfolio. The Turkish company provides cloud ERP software for small and medium-sized enterprises and supports tens of thousands of users in its domestic market.

DIA Yazılım employs more than 100 people and offers modular software designed to meet SMEs’ operational and regulatory requirements. The acquisition extends TeamSystem’s management software business into another market where it sees similarities with Italy in regulatory and business needs.

Leproux said the Turkish acquisition followed the same approach TeamSystem has used in other countries, growing through local businesses.

“The acquisition of DIA further accelerates our growth in Türkiye. In line with our other key markets, we have adopted a long-term approach based on pursuing targeted investments, capitalising on local expertise and implementing solutions that meet the needs of SMEs, where efficiency and user experience are increasingly driving digitalisation,” he said.

Broader Growth

The two acquisitions come as TeamSystem further expands into European and nearby markets with software for businesses, accountants, and other professionals. It closed 2024 with revenue of EUR €1 billion, up 19 per cent year on year, and had more than 5,000 employees serving around 2.5 million customers.

Its products focus on business management, cloud software, and tools for running internal processes and compliance tasks. The group has positioned itself as a provider to SMEs and professional firms, both in Italy and in selected international markets where regulation and digitisation are reshaping administrative work.

Both France and Türkiye offer sizeable SME markets and established professional services sectors, making them natural targets for software groups expanding through acquisition. In France, mandatory electronic invoicing is changing how companies, accountants and software suppliers manage tax and billing processes. In Türkiye, cloud business software has been gaining wider use among smaller companies.

Advisers on the ACD deal included EY for financial, tax and HR due diligence and Herbert Smith Freehills Kramer for legal work. On the DIA transaction, TeamSystem used Core Finance as M&A adviser, PwC for financial, tax and HR due diligence, and Esin Attorney for legal matters, while DIA Yazılım was advised by Keco Legal and Dora Capital.

It was announced last month that the Sobell House charity shop in London Road, Headington, would shut down on Saturday, March 28.

The long-running hospice charity said the ‘very difficult decision’ had to be taken as the costs of continuing the shop mean ‘it is no longer raising enough money to keep it open’.

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Now, the premises has been listed for rent to a new business, starting at £28,500 per year.

The partially fit-out retail shop is described as being in an ‘excellent retail location’ in the Oxford suburb of Headington.

Sobell House Hospice in Headington (Image: Richard Cave)

The listing said: “The property forms part of a terrace of similar properties being suitable for a variety of uses. It offers a rare opportunity to acquire an affordable retail unit in this busy suburb.”

Sobell House’s London Road charity shop was the one which operated closest to the hospice itself, which is based in Headington.

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Announcing the news in March, a spokesperson for the charity said: “This has been a very difficult decision. As a hospice charity, we must make sure that every pound we spend helps provide the best possible care.

“Unfortunately, the cost of running the shop has increased, and it is no longer raising enough money to keep it open.

“We are incredibly grateful to our volunteers, staff, customers and donors who have supported our Headington shop over the years, particularly given its close proximity to the hospice itself.”

Aqilla has launched E2D, an AI-enhanced invoice automation tool for its accounting platform that brings invoice capture and accounts payable into one system.

The feature is designed to reduce reliance on separate optical character recognition software and manual invoice entry. Invoice details are captured and fed directly into the accounts payable workflow, with line-item data and account coding handled within the same platform.

Tests found invoices could be processed twice as quickly with E2D. Aqilla presented the launch as a response to a long-standing problem for finance teams, which still often spend substantial time entering invoice information by hand or moving data between separate systems.

Single System

The software is built to give finance teams control over how much automation they use. It scores its confidence in extracted invoice data and highlights fields that may need attention, allowing users to decide which items proceed automatically and which are reviewed.

That approach reflects the uneven pace of AI adoption in finance departments. Some organisations are ready to automate routine processing quickly, while others want tighter controls and a clearer audit trail before relying on machine-led decisions.

E2D provides a traceable view of invoice data and its source, with lower-confidence items flagged for review. The goal is to help teams spend less time on repetitive data entry and more on overseeing exceptions and approvals.

Cristina Grecu, Finance Manager at Konditor, said: “As a long-standing Aqilla customer, we already had our processes well established with a third-party OCR tool. But after trialling E2D and seeing the flexibility it offered, it became clear that consolidating all our document processing into one system just makes sense.”

AI Rollout

The launch comes as accounting software suppliers add more AI-based features to products used by finance teams. Invoice processing has become an early target because it remains one of the most repetitive tasks in finance operations and often relies on disconnected tools.

For vendors, bringing invoice capture into a broader accounting system can reduce the number of integrations customers need to manage. That can simplify data flows between invoice receipt, coding, approval and payment, while keeping supporting records in one place.

Hugh Scantlebury, Chief Executive Officer and Founder of Aqilla, said: “We’ve always believed that accounting and finance teams should not have to rely on a patchwork of third-party tools to manage their core processes. Too often, that approach creates unnecessary complexity, fragments data and makes it harder to maintain a single source of truth.”

He added: “With E2D, we’re extending that philosophy by bringing invoice capture and processing fully into the Aqilla platform. In addition, because Aqilla is cloud native, we’re able to develop and deliver E2D in a way that keeps accounting and finance processes connected, consistent and easy to manage.”

Aqilla positions the tool as part of a broader effort to embed AI into finance workflows in a controlled way, rather than treating automation as an all-or-nothing shift. Users can set confidence thresholds, allowing organisations to align invoice handling rules with internal policies and their tolerance for automated processing.

That may appeal to finance leaders under pressure to improve efficiency without weakening controls. Accounts payable teams often face competing demands to process invoices faster, maintain accurate coding, and preserve visibility over who reviewed what and when.

Charis Thomas, Chief Product Officer at Aqilla, said: “Many finance and accounting software providers are scrambling right now to introduce AI into their platforms, often without a clear strategy or end goal. However, we have been clear from the outset that AI must deliver meaningful user benefits. In the context of E2D, this means using the technology to automate repetitive, time-consuming invoice data entry-a significant, widely acknowledged pain point for finance and accounting teams. In doing so, we are helping to improve productivity and enabling them to deliver even more value.”