Cheadle Hulme accounting software company, My Digital Accounts, has appointed former HR software CEO, Nic Scott, as its chairman.
Nic Scott (pictured) was co-founder and CEO of HR Software as a Service (SaaS) company, Fairsail, before its acquisition by Sage Group in 2017 and will assume the role of chairman at My Digital Accounts with immediate effect. Prior to founding Fairsail, Nic held leadership roles at enterprise software firm, Oracle.
Over the last 12 months, Cheadle Hulme based My Digital Accounts has seen an increased demand for its accounting software, driven by the UK Government’s Making Tax Digital legislation. The company, backed by the Northern Powerhouse Investment Fund, has seen its user base of accountants and recruitment firms double in the past year, and currently processes over 1 million transactions monthly.
Discussing the appointment, My Digital Accounts founder and CEO, John Whelan said:
The appointment of a high-profile chairman with a SaaS background is a watershed moment in MDA’s five-year history. As our growing customer base returns from lockdown, they need to navigate uncharted waters, adapting to new employment models and the ever-shifting sands of UK tax regulations.Nic’s expertise at the helm of Fairsail will be invaluable as MDA scales up to serve these unmet business needs.”
The Cheadle Hulme accounting software firm’s new Chairman, Nic Scott, commented:
My experience is that periods of great change bring great opportunities to provide innovative software to solve new challenges. The team at MDA are bright, keen and determined to offer businesses new ways to stay agile in the face of new regulatory and economic challenges. I am very much looking forward to bringing my experience to bear in an area of software I know well and which continues to be poorly served and therefore demands new approaches like John and the team are developing.”