Folhamatic provides tax and accounting software company to busineses in Brazil. The company has developed a fully integrated suite to help its customers with daily financial operations. The suite covers billing, payroll, invoicing, electronic invoicing, and tax filing. Accounting students at universities nation-wide are trained on Folhamatic’s software, which incorporates real-time government policy changes in tax and accounting. Folhamatic has over eight thousand accounting firms and two thousand SMEs as customers. In 2011, Folhamatic acquired IOB based in Rio de Janeiro.