Ceterus Named One of America’s Fastest Growing Companies

Ceterus Named One of America’s Fastest Growing Companies

For the 2nd Time, Ceterus Appears on the Inc. 5000 List

Inc. magazine today ranked Ceterus 2,474 on its 36th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent small and midsized businesses. Companies such as Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees of the Inc. 5000.

Ceterus provides small business entrepreneurs with automated bookkeeping and has created a proprietary software, Ceterus Edge, that provides benchmarked data and industry-tailored key performance indicators. Ceterus’ mission is to empower entrepreneurs through its full service accounting and business analytics solution.

“We’re thrilled to be honored on the Inc. 5000 list of fastest-growing private companies for the second year in a row. We’ve worked hard to get to this point, and it’s exciting to us that we’re bringing our solution to more small business entrepreneurs every day,” commented Levi Morehouse, Ceterus Founder and CEO.

The 2017 Inc. 5000, unveiled online at Inc.com and with the top 500 companies featured in the September issue of Inc. (available on newsstands August 16) is the most competitive crop in the list’s history. The average company on the list achieved a three-year average growth of 481%. The Inc. 5000’s aggregate revenue is $206 billion, and the companies on the list collectively generated 619,500 jobs over the past three years.

“The Inc. 5000 is the most persuasive evidence I know that the American Dream is still alive,” says Inc. President and Editor-In-Chief Eric Schurenberg. “The founders and CEOs of the Inc. 5000 tell us they think determination, risk taking, and vision were the keys to their success, and I believe them.”

Ceterus’ mission is to empower entrepreneurs, and its growth enables them to empower more entrepreneurs than ever. Ceterus has seen 144% growth in the last three years, and has grown to 100+ employees, up from 33 this time last year.

“Our growth tells us that there are a lot of entrepreneurs out there in need of a better solution, and we’re here to deliver it to them,” said Morehouse.

About Ceterus

Ceterus, a Charleston-based technology and accounting company, empowers small business entrepreneurs by automating their accounting and financial reporting. Pairing Edge, its proprietary, cloud-based technology with professional accountants, Ceterus delivers a complete accounting and analytics solution for small business owners. Ceterus operates from its headquarters in Charleston, South Carolina, bringing together a growing team of top accounting and technology talent. Ceterus is a Best Place to Work in South Carolinaand an Inc 5000 Fastest Growing Company. For more information on the company and its solutions, visit http://www.ceterus.com.

Ceterus Announces Office Expansion

Ceterus Announces Office Expansion

Software-as-a-Service company doubles size of headquarters in North Morrison neighborhood

Charleston-based Ceterus announced recently that they are doubling their office space, expanding into the second floor of their current headquarters at 804 Meeting Street in the North Morrison tech district.

This announcement follows their recent Series A-1 extension investment round of $6 million to grow their automated accounting and benchmarked reporting services for small business, which closed in June.

Levi Morehouse, Ceterus Founder and CEO said, “We’re excited to expand in a great space and to be part of the awesome things happening in this neighborhood.” Morehouse continues, “The addition provides much needed capacity today with room to support future growth.”

The renovated second story space was designed by RavenCliff Company, the property developer. The space features beautiful windows, a living garden wall, a spacious kitchen area complete with art done by local Charleston artists, and will be outfitted with standing desks for Ceterus team members.

“We love the Charleston technology community, and we’re happy that now we have more space to host events and happy hours for others in the industry,” Morehouse said.

The Ceterus team has already begun to move into the second floor office space.

About Ceterus

Ceterus, a Charleston-based technology and accounting company, empowers small business entrepreneurs with automated accounting and benchmarked reporting. Pairing Edge, its proprietary, cloud-based technology with professional accountants, Ceterus delivers a complete accounting and analytics solution for small business owners. Ceterus operates from its headquarters in Charleston, South Carolina, bringing together a growing team of top accounting and technology talent. For more information on the company and its solutions, visit http://www.ceterus.com.

Ceterus Named Among South Carolina’s Best Places to Work

CHARLESTON, SC (PRWEB) JULY 17, 2017

Charleston-based accounting technology company Ceterus was named a Best Place to Work in South Carolina last month.

The company has more than doubled in size since its inaugural nomination as a Best Place to Work in 2016 and they have recently hired their 100th full-time “Ceterite.”

In the midst of rapid growth, Ceterus continues to emphasize their results-oriented culture. Ceterus CEO and Founder Levi Morehouse says, “It’s incredibly important that we maintain a passion for our customer, the small business entrepreneur, and a commitment to our core values as we grow the business.”

Ceterus opened its new headquarters in the up-and-coming North Morrison tech district in November 2016, and they recently expanded within the space. The open floor office includes standing desks for all employees, a ping pong table, and a keg system. Additionally, once fully-trained, most roles have a wide degree of flexibility to work from home — to better focus and avoid traffic.

“We love our fun, flexible work environment, however, it’s not the great office space, benefits, and perks that make Ceterus one of South Carolina’s Best Places to Work,” Morehouse said. “Our mission to empower small business entrepreneurs has been with us since day one, and this mission makes our work meaningful.”

The South Carolina Best Places to Work annual program was created by SC Biz News in partnership with the South Carolina Chamber of Commerce and Best Companies Group.

Ceterus is currently hiring for accounting, marketing, sales, and engineering positions.

About Ceterus
Ceterus, a Charleston-based technology and accounting company, empowers small business entrepreneurs with automated accounting and benchmarked reporting. Pairing Edge, its proprietary, cloud-based technology with professional accountants, Ceterus delivers a complete accounting and analytics solution for small business owners. Ceterus operates from its headquarters in Charleston, South Carolina, bringing together a growing team of top accounting and technology talent. For more information on the company and how its solutions, visit http://www.ceterus.com.

S.C. CHAMBER ANNOUNCES BEST PLACES TO WORK

he South Carolina Chamber of Commerce today announced its 2017 Best Places To Work in South Carolina.

Among the 70 companies named, 37 are State Chamber Members, which are noted below by an asterisk. (*)

Awards for each honoree will be presented at an annual banquet, presented by Colonial Life, on August 3 at the Columbia Metropolitan Convention Center.

“South Carolina is full of great places to work because our employers across the state understand what it takes to attract and keep good people,” said South Carolina Chamber of Commerce President and CEO Ted Pitts. “Our South Carolina business community is only as good as the companies that are part of it and this list is a strong showing of how many topnotch workplaces there are in the state. The State Chamber is proud to represent many of the companies on this list and we applaud those that have been selected for this year’s award.”

Ceterus Raises $6M to Expand Automated Accounting and Benchmarked Reporting for Small Business

Charleston-based Ceterus today announced the close of a $6 million Series A-1 extension investment led by Grotech Ventures. Participation in the round includes existing investors, TechOperators of Atlanta, GA, The IDEA Fund of Raleigh, NC, and Alerion Ventures of Charleston, SC.

Don Rainey, Grotech General Partner, said “Ceterus is an exciting company with impressive traction in the marketplace. We are enthused to partner with them as they address an immense market with an innovative approach to universal issues for small businesses.”

Pairing next-generation accounting technology with industry expertise, Ceterus provides a complete solution to small business entrepreneurs. “The future of accounting is more than a tool, it is a solution that is automated, timely, mobile, and provides useful analytics for the small business entrepreneur,” Levi Morehouse, Ceterus CEO and Founder said. “This new investment allows for expansion into new small business markets as well as developing additional functionality for our customers.”

Ceterus Edge gives small business owners instant access to their financials, as well as peer-benchmarks, key performance metrics, and daily balances, from any connected device. Edge aggregates data from customers’ point-of-sale, bank, and payroll systems, allowing the automation technology to reduce manual accounting processes.

Said Mohammadioun, TechOperators Managing Partner and Ceterus Board of Directors member, said, “Ceterus is a great young company with the potential to address what small businesses need. Accounting-as-a-service is the most effective way for small businesses to get a professional grade of accounting at a very affordable cost. Ceterus analytics offer insight that currently does not exist.”

To date, Ceterus has raised $10.2 million in venture capital. Ceterus will use this funding to continue growing its team in Charleston, SC, and to expand to new small business markets. The company is actively hiring to grow their downtown Charleston headquarters.

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About Ceterus
Ceterus, a Charleston-based technology and accounting company, empowers small business entrepreneurs by automating their accounting and financial reporting. Pairing Edge, its proprietary, cloud-based technology with professional accountants, Ceterus delivers a complete accounting and analytics solution for small business owners. Ceterus operates from its headquarters in Charleston, South Carolina, bringing together a growing team of top accounting and technology talent. For more information on the company and how its solutions, visit http://www.ceterus.com.

About Grotech
Founded in 1984, Grotech Ventures (http://www.grotech.com) is a leading early investor in high-potential technology companies. With more than $1.5B under management, Grotech seeks innovative, early-stage IT companies and continues to invest and add value throughout the growth of its portfolio companies. The firm has a strong combination of industry relationships and deep domain and operational expertise to accelerate growth. Grotech supports early-stage companies through investments starting at $500,000. General partners include Frank Adams, Chuck Cullen, Lawson DeVries, Steve Fredrick, Don Rainey and Joe Zell. The firm has offices in Virginia, Maryland and Colorado.

About TechOperators
An early-stage venture capital firm, TechOperators was founded on the premise that proven operators make the best partners for technology entrepreneurs. The firm is led by partners with decades of hard-fought operating success and experience founding, building and running world-class venture backed software companies. Based in Atlanta, TechOperators applies market-proven strategic and operational experience to drive growth during all stages of company building. TechOperators seeks entrepreneurs with bold innovative business software solutions in cyber security, cloud computing, mobile computing, and marketing. For more information visit http://www.techoperators.com.

Charleston-based Accounting Startup Ceterus Raises $6 Million in Investments

The Charleston accounting startup Ceterus says it has raised $6 million in a bid to expand its automated bookkeeping services.

The new financing round, announced Wednesday, comes just over a year after the startup announced its first venture capital funding, and the combined $10.2 million in funding places Ceterus among the region’s most successful in attracting investors.

The infusion of venture funding is intended to transform Ceterus from a traditional bookkeeping firm to a technology-fueled accounting service that automates most of its work. The company moved to that model around the same time it moved to Charleston from Michigan about three-and-a-half years ago.

Fintech Tools That Can Change The World Of Finance

Fintech, or financial technology, is rapidly gaining ground with consumers as a more accessible alternative to traditional payment and banking systems offered by financial firms. As new fintech tools and software emerge to disrupt the established model, financial services are improving, offering enhanced efficiency, speed and accountability.

According to an EY study last year, fintech is growing in popularity, with roughly 15.5% of digitally active consumers using financial tech products — a figure that was likely to double within 12 months. The United States had the second-highest adoption rate of fintech tools (16.5%), following Hong Kong with 29.1%.

How AI, Cloud, And Robots Will Revolutionize SMB Accounting

Robots, cloud software and artificial intelligence are all things that accountants fear will make them irrelevant. But the truth is the real future of accounting and technology isn’t a technological advancement. It’s a trend toward a different model altogether.

Technology is evolving rapidly; according to Accenture, 80% of accounting and finance tasks will be delivered with automation in the next few years. This leaves many professionals wondering what the future of their jobs will look like, and where they fit into that future.

There’s no reason to be afraid. In fact, there are plenty of reasons to be excited for the future of accounting – as long as you’re not stuck in old ways and you are willing to becoming what I like to call a “robo-accountant.” I describe robo-accountants as accounting or finance professionals who have adopted automation to perform time-consuming, redundant and repeatable data-entry tasks. They aptly interface with these automation bots and use their personal experience, education and instincts to bring value to business decision makers.

Ceterus Named to Inc. 5000

Ceterus was recently named to Inc. Magazine’s list of the 5,000 fastest-growing private companies in the US. “Hard work and dedication to our mission pays off: we are proud to be on the Inc. 5000 list of fastest-growing private companies in 2016!” the company announced.

Read more from Inc.

Ceterus Raises $4.2M to Provide “Bookkeeping-As-A-Service” for Franchise Owners

Charleston-based Ceterus today announced the close of a $4.2 million Series A investment. The round was led by TechOperators, the largest venture technology investor in the Southeast, with participation from IDEA Fund Partners of Durham, NC, and Alerion Ventures of Charleston, SC.

With deep accounting experience in working with franchise owners and an innovative bookkeeping-as-a-service solution, Ceterus provides franchise owners a better, faster, and more affordable solution for their core bookkeeping needs. “We have grown rapidly this past year and our customers love how we help them manage and grow their businesses,” said Levi Morehouse, Ceterus CEO and Founder. “Our investors understand the market potential for cloud-based bookkeeping-as-a-service and they have the strong operational backgrounds to help us scale.”

The Ceterus Insight offering enables a “Do-It-For-Me” solution for franchise owners to get accurate financial reporting and operational metrics in a timely, consistent basis. This includes providing business owners valuable operational perspectives by integrating data from their point-of-sale, human resources and accounting systems into one accessible dashboard. “Not only do we do the actual bookkeeping for our customers, we help our customers learn how to run their businesses better,” Morehouse said.

This is Atlanta-based TechOperators’ first venture investment in South Carolina. Said Mohammadioun, who will be joining the Ceterus board of directors, affirmed, “All franchise business owners need good financial information and operational benchmarks and Ceterus has a solid track record and very happy customers. While bookkeeping isn’t new, Ceterus’ cloud-based platform and how they deliver excellent service and results is a powerful combination. We are excited to be partnered with Ceterus as they execute their vision to reinvent bookkeeping for franchise businesses through innovative automation.”

Ceterus will be using this funding to build its technology and sales teams in Charleston, SC. The company is actively hiring to grow their downtown Charleston headquarters.

About Ceterus

Founded in 2008, Ceterus provides bookkeeping services for its franchise owner customers, using Ceterus’ cloud-based platform and processes. Ceterus frees its small business owners from mundane accounting work, enabling them to focus on growing their businesses. By integrating data from customers’ point of sale, human resources and financial systems, Ceterus also gives its customers valuable operational insights and benchmark data. Ceterus is located in Charleston, South Carolina.

For more information, visit http://www.ceterusinc.com.