The continued growth of web-based and web-enabled Accounting Software and systems, including: • Cloud computing / SaaS - wholly online accounting software • Hosted or combined online / on-premise accounting software services and systems (and the beginning of the reduction of solely on-premise accounting software) • Web services, web support • e-procurement, e-commerce, e-expenses systems and electronic payment integrated within accounting software • Web interfaces from 3rd party web-based systems such as e-expenses • Workflow functionality integrated within accounting software • Improving analytics, business intelligence and reporting • e-filing for taxation returns • Enhanced security - online and offline Non-web Accounting Software trends - continued growth of: • Industry sector specific or vertical market solutions • Accounting software combined (or integrated) with specialised modules for industry specific needs / vertical markets (and the reduction of generic accounting systems) • Integration with other associated accounting software modules eg CRM (and the consequent reduction of stand-alone accounting systems) • Improved integration with 3rd party software • Seamless integration with 3rd party office products eg Excel, Word • Software scalability • Functionality and features added to accounting software • Accounting software suitable for large organisations, redesigned for medium and smaller sized businesses. And conversely accounting software that is suitable for small / medium sized businesses, extended to be suitable for medium / larger size businesses • International functionality of accounting software - to support employees in multiple countries with multiple languages • Software customisation capabilities • Intuitive use of functionality / ease of use • Financial and accounting regulations • Using technology and workflow functionality to reduce operational accounts department costs • Faster software set up, implementation and upgrade time scales Accounting Software market trends - continued growth of: • Replacing existing systems with web-based accounting software and web-enabling activities and processes • Competition, especially in the mid-range Accounting / ERP software market • Accounting software market / vendor consolidation Tags: Axia Consultants, Accounting, Software
0 Comments
Leave a Reply. |
Archives
November 2016
Categories |