Accutech Systems Grows Significantly, Expected to Move Downtown on July 6 – Muncie Journal
Muncie, IN – Accutech Systems, a trust and wealth management technology company, announced continued momentum in 2021 with 23% year-over-year (YoY) revenue growth, 20 new employees – a 20% increase in its employee base – and 10% growth in the number of customers.
The results were fueled by record increases in revenue from the company’s SaaS (software as a service) wealth management platform, Cheetah Wealth Management ™, which grew more than 20% year-on-year, and of its two new software solutions, Opendigital and Insights, launched in 2020.
Accutech provides innovative trust and wealth management solutions with exceptional, personalized service to over 250 banks and wealth management companies. The level of new client assets in Accutech’s wealth management business increased 280% year-on-year.
“We are fortunate to experience such strong year-over-year growth, not only for our customers but for the community and most importantly for our employees,” said Adam Unger, President of Accutech Systems. “We continue to grow our team and have a dynamic product roadmap that will allow us to better help wealth managers, trust agents and bank executives adapt to new ways of interacting with their clients. clients. “
In addition, Accutech expanded its new office to 40,000 square feet at 115 S. Walnut St. in downtown Muncie, a 25,000 square foot expansion from the company’s previous office. The company is expected to move downtown on July 6, 2021.
Accutech has also added several key hires to its leadership team over the past year, including Brandon Coppernoll, Director of Digital Marketing, and Pat Spencer, Managing Director of Moneytree Software, the financial planning solution Accutech acquired in 2018. Accutech is expected to hire up to 12 additional team members by the end of 2021.
“Accutech continues to fill the financial system gaps left by traditional institutions for banking services, and the growth within our business proves it,” said Dan Wright, executive director of strategy for Accutech. “There is every indication that the demand for an ‘on the go’ digital wealth management experience will increase dramatically through 2021 and beyond, as businesses continue to assess customer engagement in trust and asset management. heritage in a post-pandemic world.
For more information on Accutech’s products and services, please visit trustasc.com.
About Accutech Systems
Founded in 1987, Accutech creates, supplies and supports trust accounting software for the trust and wealth management industry. The company has grown significantly over the past five years primarily due to the success of Cheetah Wealth Management ™, the first trust and wealth management platform designed natively for cloud delivery. Accutech made its first business acquisition in April 2018, acquiring financial planning software maker Moneytree Software and adding approximately 3,000 financial planners and advisors to its client base.