Visma and In Extenso have entered into a strategic collaboration where Visma acquires a minority stake in fulll, the cloud-native SaaS provider based in France.
Founded by one of France’s leading chartered accountancy firms, In Extenso, fulll operates a comprehensive platform for accounting and payroll management. The solution integrates key functionalities such as pre-accounting processes, banking connections, payroll automation, and HR tools. It is tailored to meet the needs of accounting offices that manage multiple clients while avoiding the need for extensive internal technical support.
Mitigating regulatory challenges through technology
The partnership aims to address a highly fragmented French market with around 19,000 accounting firms serving approximately 3.8 million small and medium-sized enterprises (SMEs). The deal aligns closely with France’s impending mandatory e-invoicing regulations, which will impose significant digital compliance obligations on businesses starting from 2024.
An In Extenso official stated that this partnership equips fulll with the necessary scale and stability for further growth. The imminent transition to electronic invoicing has heightened demand for integrated technology solutions, making now a pivotal time for accounting firms’ clients.
The agreement also includes an investment in Impulse Data datahub, co-founded by In Extenso and fulll. This platform amalgamates anonymized data from over 800,000 SMEs to support advisory services provided by accounting firms to their clients.
Strategic positioning for Visma in France
For Visma, based in Norway and offering a broad range of business software across Europe, this investment marks another step toward enhancing its accounting, tax, and payroll offerings in the French market. The partnership sets up a long-term commercial relationship where In Extenso continues to be both a shareholder and strategic client of fulll, with potential for collaboration on other Visma products.
This deal aligns with a broader trend in European accounting software consolidation as established players seek to deepen their market presence due to anticipated regulatory changes, especially regarding e-invoicing and digital compliance.
