FreeAgent Unveils Revamp of Award Winning Cloud Accounting System

EDINBURGH, Scotland, August 17, 2012 /PRNewswire/ –

FreeAgent has dramatically overhauled its award-winning online accounting system in
order to make it easier than ever for small businesses and freelancers to stay on top of
their finances.

As part of an extensive development project, FreeAgent has revamped and upgraded key
areas of its cloud accounting software [http://www.freeagent.com ], ensuring it is more
intuitive to use for tens of thousands of customers across the UK and overseas.

The redesign was released to beta testers earlier this year, before being rolled out
to all FreeAgent customers in June.

Among the key changes are:

        - A completely re-imagined Overview page including a new cash flow reporting
          panel
        - The ability to see account balance charts totalled over all bank accounts
        - A new contact summary screen with useful data around client/supplier
          performance
        - New charts that have been optimised to work on iPhones and iPads

Roan Lavery, Product Designer and co-founder of FreeAgent, said: “Our redesign has
been a real labour of love. We’ve spent the past year refining and upgrading the system so
that it provides our customers with the best possible solution for managing their accounts
- and we’re delighted with the results.

“Our customers regularly give us great feedback, and we listened carefully to many of
the specific upgrades and new feature requests they wanted to see in FreeAgent. We’ve used
a lot of these suggestions during our redesign and, judging by the overwhelmingly positive
reaction we’ve had so far, it’s clear that our customers are very happy with the changes
that we’ve made.

“We’re committed to ensuring FreeAgent is the most intuitive and useful online
accounting system on the market for small businesses and freelancers. We believe this
redesign will provide all of our customers with the best possible way to manage their
business finances.”

About FreeAgent:

Edinburgh-based independent FreeAgent has pioneered online accounting since the launch
of its service in 2007. It has rapidly grown a loyal community of freelancers and small
businesses, who pay either monthly or annually for access to its software offering many
easy to use features.

In a survey, 99.5% of FreeAgent users said they would recommend the software to
others, and the service won the prize for Best Newcomer at the 2009 SIFT Media Software
Satisfaction Awards. In 2010 it won the SIFT SME Accounting and Finance Software
Satisfaction Award, beating all of its desktop and web-based competitors to take the
title. The company also offers a free accountancy software trial to those who may be
interested in the company’s products. More information can be found at

http://www.freeagent.com.

        PR Contact:
        Ed Molyneux
        CEO
        FreeAgent
        40 Torphichen Street
        Edinburgh
        Scotland
        United Kingdom
        EH3 8JB
        +44(0)131-447-0011

http://www.freeagent.com

SOURCE FreeAgent