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
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