Draftworx Wiki

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Business Model ​

Summary: Draftworx sells financial statement and working-paper software via two commercial models — an annual per-user Desktop license and a Cloud pay-per-entity-per-year model — serving accounting and audit practices across 16+ countries.

What Is Sold ​

Draftworx sells access to two product lines (see Product Portfolio):

  1. Desktop software — sold as an annual per-user license with unlimited client files. Editions include:

    • Draftworx Prac — practice-focused edition
    • Draftworx Corp SME — SME corporate edition
    • Draftworx Corp IFRS — full IFRS corporate edition (significantly higher price point)
    • DigiSign — digital signature add-on

  2. Cloud software — sold on a pay-as-you-use basis: customers are charged once per entity per financial year when they create an entity file. There is no monthly seat fee; pricing varies by template type (e.g. IFRS Consolidation vs. Sole Proprietor vs. Working Paper type). Unlimited users are included per Cloud account.

  3. WebSync — a hybrid connector product enabling files to move between the Cloud and Desktop platforms.

Pricing Model (as published) ​

  • Desktop: Annual license per user. Pricing published in USD, GBP, EUR, and ZAR. Volume discounts available on request.
  • Cloud: Per-entity, per-financial-year charge. Rates vary by template and jurisdiction (International / UKI). A 1GB storage allowance is included per Cloud account. A free demo client file is available.

Revenue Characteristics (inferred from site; not explicitly stated) ​

The combination of Desktop annual licensing and Cloud per-entity consumption means revenue is recurring (Desktop renewals) plus transactional (Cloud entity creation). The site does not disclose total revenue, customer contract structures, or renewal rates — these are omitted here.

Geographic Reach ​

Draftworx publishes prices in four currencies (USD, GBP, EUR, ZAR) and supports 16+ country localisations, indicating a multi-region commercial operation with significant presence in Africa and the UK/Ireland.

Connections ​