Ceterus Networks

About Ceterus Networks

Founded in 2008 by Levi Morehouse, Ceterus operates as a financial technology company delivering tech-enabled bookkeeping and reporting services tailored for the franchise market. Morehouse, a former CPA and small business entrepreneur, established the Charleston, South Carolina-based company to empower entrepreneurs with more accessible accounting solutions. Ceterus has since transitioned from a service provider to an accounting technology solutions provider, achieving significant growth and securing recognition as one of South Carolina's fastest-growing companies.

The company's business model targets two primary client segments: franchisees and franchisors. For franchisees, Ceterus offers a "done-for-you" accounting solution that automates bookkeeping tasks, reducing the manual effort required by business owners. Revenue is generated through subscription-based services that provide access to its proprietary platform and a dedicated accounting team. For franchisors, Ceterus provides an AI-powered platform, Ceterus Insights, which centralizes the collection of financial data from individual franchise units, ensures compliance with standardized charts of accounts, and delivers network-wide performance analytics.

The core of Ceterus's offering is its proprietary cloud-based technology platform, Edge, which integrates with clients' point-of-sale (POS), payroll, and banking systems to automate data entry and reconciliation. This platform provides real-time financial reporting, including profit and loss statements and balance sheets. A key feature is the ability to provide peer benchmarking, which anonymously compares a franchisee's financial performance against others within the same brand or industry. The company also offers tax preparation and planning services, handling filings for various business structures like C Corps, S Corps, and partnerships. Security is managed through its Edge platform, which runs on Google Cloud Platform and logically separates customer data.