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System Trends |
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Overview of Accounting, CRM, Payroll and HR system trends |
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Current systems trends include - the continued growth of: Web and intranet / internet applications such as:
- Web based Accounting, CRM, Payroll and HR systems
- e-commerce, e-procurement systems
- Application Service Providers, hosting web based systems
- Multiple ways to access web based systems eg PC, laptop, PDA’s, handhelds, mobile phones
- Shared Service Centres providing accounting, payroll and human resource services
- Real-time processing, to provide immediate information to users
- Increased automation and seamless access with open web-based systems
- Systems supporting global business expansion
Systems integration such as
- Accounting software with e-commerce, e-procurement, CRM and distribution
- Payroll system with HR systems
- CRM with ERP systems
Compliance such as
- IFRS, Sarbanes-Oxley, online tax reporting and filing, VAT e-filing
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Future business impacts include:
- Improved business efficiency from changes in business processes and reduction of manual data handling
- Reduced transaction costs and paper usage
- Faster access to information
- Rapid growth of data volumes, due to additional systems, numbers of PC’s, growth in email, archiving requirements
- Increased data storage requirements combined with attempts to control data growth eg by rationalising the number of servers, email limits
- Freeing up of managers, enabling them to analyse and provide more relevant information to manage the business
- Increased information sharing within the organisation and the use of cross departmental teams
- Increased co-operation between organisations
Leading to:
- Reduced day-to-day operational costs for Finance, Payroll and HR functions
- and the HR department taking on more a strategic role
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For more detailed and specific trends, click the following links: Accounting software trends CRM software trends Payroll software trends HR software trends |
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