Columbus, Ohio headquartered Arvo Tech has appointed Eric Ermie as Chief Executive Officer. The firm, which raised $2.5m in Series A funding last July, focuses on integrated financial services for small and mid-sized enterprises.
Ermie comes to the role having held leadership positions at ExamSoft, PriceSpider, TealBook, and QL2 Software. His previous roles encompassed global sales and strategic direction of product offerings. “I’m thrilled to lead Arvo as we continue helping SMBs take control of their finances,” he said. “We’re building on a powerful foundation, making the complex simple, offering clear and concise advice, and helping our clients make smart decisions about hiring, growth, and capturing every financial opportunity available.”
Arvo enables businesses to streamline their bookkeeping, tax planning, and the ability to maximize specialized credits such as the Work Opportunity Tax Credit (WOTC) and Research and Development (R&D) credits. This focus aligns with growing market demands for financial services that help SMBs navigate complex tax landscapes to optimize their financial position.
While Ermie’s appointment signals a strategic shift within Arvo, experts in the financial services sector have pointed out that the industry is witnessing significant transformation due to the rise of digital solutions. Recent reports have indicated an increase in competition among financial service providers, which could complicate Arvo’s efforts to solidify its market presence amidst evolving client expectations.
Terracina Maxwell, President and Co-Founder of Arvo, added that, "Eric's deep understanding of the challenges faced by growing businesses, combined with his proven ability to scale tech-enabled services and build strong teams, makes him the ideal leader for Arvo's next chapter,"
In an industry increasingly reliant on technological innovation, firms like Arvo will likely have t enhance their service offerings but also stay ahead in adopting new technologies that can further benefit their clients. As Ermie settles into his role, industry observers will be watching closely to see how he orchestrates Arvo’s ambitions for product expansion and service optimisation, all while striving to turn financial management from a burden into a strategic advantage for small businesses.