Accountants are not over the moon about their finance systems. This is despite packaged software being around for nearly 30 years.
Charity Finance surveyed 300 organisations in the not-for-profit sector on the use of IT. Just 11% rated their accounting systems as very good, while 45% viewed their systems as average or poor. Nearly one-third were considering replacing their systems in the next year. Not impressive reading. While this research only looked at one ‘vertical’ market, I believe this picture is repeated in the commercial world.
Compare this to other packaged software, such as spreadsheets or word processors. User satisfaction levels are much higher and the market has concentrated into a few applications. By contrast, there are thousands of accounting software packages on sale or in use worldwide.
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Charity Finance surveyed 300 organisations in the not-for-profit sector on the use of IT. Just 11% rated their accounting systems as very good, while 45% viewed their systems as average or poor. Nearly one-third were considering replacing their systems in the next year. Not impressive reading. While this research only looked at one ‘vertical’ market, I believe this picture is repeated in the commercial world.
Compare this to other packaged software, such as spreadsheets or word processors. User satisfaction levels are much higher and the market has concentrated into a few applications. By contrast, there are thousands of accounting software packages on sale or in use worldwide.
Read More Article...
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