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System trends overview

Accounting software trends

CRM software trends

HR software trends

Payroll software trends

Cloud computing pros and cons

Cloud computing and security

Software vendor consolidation

Quickly and easily gather your accounting system requirements and prepare your RFI & RFP.

Learn more about the

Accounting Software RFI/RFP Template

Accounting Software

Current trends

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 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
  • Integration with other associated software modules eg CRM
  • 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 a list of the top 20 essential criterion for good accounting software visit: Accounting Software Criteria

Or, if you are about to select new accounting software and need to specify a full list of requirements, then visit the Accounting Software RFI/RFP Template which lists thousands of criteria.

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