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Invu plc

First 'Invu for Accountants' partner and customer signed up within one week of launch

Electronic Document Management System Designed Specifically for Accountancy Sector an Instant Success

London, 24th April 2009:  Invu plc ('Invu' Ticker: INVU), the document management software provider, today announced that just one week after the launch of its first sector dedicated product, 'Invu for Accountants', the company has appointed its first accountancy accredited partner: Scan Worx, a specialist reseller in Electronic Document Management Solutions (EDM) for the accountancy sector. In addition, the first customer has been signed up via Scan Worx: SJD Accountancy, a chartered tax adviser and accountancy practice with offices across the UK. 

Launched earlier this month, 'Invu for Accountants' was created in conjunction with IRIS, a leader in the accountancy software market, specifically for accountants and accountancy practices. The solution includes filing structures that will typically apply to an accountancy practice and a new integration with IRIS Practice Management. Invu's document management solution for Accountants has also achieved product accreditation from the ICAEW (Institute of Chartered Accountants in England and Wales).  

The product is designed to help accountants improve efficiency and effectiveness of business processes, which is vital given that a recent YouGov survey found that chartered accountants in the UK are losing over £2 million per day in fees looking for documents. This proves that the valuable time lost trying to locate documents that have been mis-filed, moved to another location or simply lost is costing businesses dearly by reducing the number of billable hours. In addition, this inefficiency can impact on customer service, making it more difficult to retain clients. 

Jon Milburn, Senior Consultant, Scan Worx notes: 'It is a great honour to be the first accredited partner. We have been extremely active within the Accountancy sector since 2005 and have seen how many accountants have greatly benefited from using the Invu solution. The Scan Worx team is 100% dedicated to this market sector and have developed an in-depth knowledge of the real issues faced by accountants and how they can be managed by the Invu solution. With the uptake of the Invu solution in this sector up already by 50% this year, we are looking for a great year ahead.' 

The CEO of Invu ,Colin Gallick, commented: 'The accountancy market is very important to Invu and signing Scan Worx as the first partner for 'Invu for Accountants' in such a short time frame is a fantastic step in our initiative to strengthen our presence in the sector. Scan Worx has a deep knowledge of the specific requirements and key business drivers of this vertical sector, thanks to its years of experience, and represents the ideal partner to convey the benefits of 'Invu for Accountants' to the accountancy sector, which is vital to making it a success.'

Simon Dolan, Managing Director, SJD Accountancy comments: 'Scan Worx demonstrated an in-depth understanding of what we, as accountants, required from a document management solution and to see them fronting the new 'Invu for Accountants' campaign has only helped to solidify our confidence in our choice of supplier. Scan Worx's relationship as an IRIS Solution Partner was also central to our decision.'

Scan Worx is the first of a select few Invu partners that will receive Accountancy specialist status, according to their knowledge, experience and performance in their vertical sector. Invu will be working with these partners to develop a bespoke sales and marketing plan to support increased penetration in this market.

Invu has a long track record of enabling the accountancy sector to maintain best practice for document management, and presently has more than 500 customers across the sector using its EDM technology.

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About Invu

Invu [LSE, AIM, Symbol: INVU] develops, markets and sells software (under the brand name of Invu) for the electronic management of all types of information and documents, such as forms, correspondence, literature, faxes, e-mail, technical drawings, electronic files and web pages. Invu targets the small-to-medium size enterprise ('SME') market and individual departments of larger organisations with a range of products which the Directors believe strongly adhere to Invu's brand values of ease of use, high quality and price performance.

Founded in 1997 and based in Northampton, Invu operates in the UK, Ireland, The Netherlands, South East Asia, Australia, the United States of America and Nigeria. Invu's products have been sold to over 4,100 customers, representing more than 81,000 licensed users. Invu has a proven reseller business model and has established a network of more than 166 Value Added Resellers, 14 of which are in Benelux.

Invu is a Microsoft Gold Certified Partner and a member of the Business Application Software Developers Association (BASDA). Its version 5.4 and Series 6 software have been accredited by the Institute of Chartered Accountants in England & Wales (ICAEW). In January 2006 Invu became the first DDM ISV to join SAP's portfolio and is certified for integration with SAP Business One. In September 2006, the Invu Series 6 product was selected by Sage to be marketed by them into the Professional Adviser market in the UK.

In January 2008, Invu announced a partnership agreement with IRIS, to integrate its Invu technology into the award winning IRIS Practice Management system, extending the IRIS systems' existing document functionality.

Invu achieved the ISO 9001 compliance, in March 2008. Used by over ¾ million organizations the accreditation sets the standard for quality and management systems, by helping companies to succeed through improved customer satisfaction, staff motivation and continual improvement.

For further information on how Invu can benefit your business, please contact us on +44(0)1604 859893, or email us at info@invu.net. Alternatively visit our website at www.invu.net.

Media contacts:

Invu plc	01604 859893
Daniel Goldman, Non Executive Chairman
Colin Gallick, CEO
John Agostini, CFO
Financial Dynamics	020 7831 3113
Juliet Clarke / Haya Chelhot / Emma Appleton
Wildfire PR  invu@wildfirepr.co.uk	0208 339 4420
Sarah-Anne Bray / Laurie Glimmerveen
Arbuthnot Securities	020 7012 2000
Tom Griffiths / Ben Wells

About Scan Worx

Scan Worx Limited specialises in Paperless Office Solutions (EDM) for Accountants and is a solution partner with IRIS software. As a premier Invu reseller they offer professional consultancy based upon several years experience within the document management industry. The main areas in which Scan Worx specialise are within the Accountancy Sector and they have installed successfully to over 4500 end users in this sector. With a 60% share of all Invu installations within this sector, Scan Worx is the most successful reseller to Accountants in the UK. Please call 01223 597808 or visit www.scanworx.co.uk for further details.

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