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Need a Quick Way to Gather Accounting System Requirements and Build RFI’s/RFP’s?

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 Accounting System Requirements RFI/RFP Checklist

Accounting Software

Current trends - Autumn 2011

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 or in-house 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

 

For an impartial guide to the ‘key criteria of good accounting software’ visit: Accounting Software Criteria

Or, visit: CRM software trends / HR software trends / Payroll software trends / Cloud computing pros and cons / Cloud computing and security / Software vendor consolidation

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