360QUADRANTS RELEASES BEST ACCOUNTING SOFTWARE COMPANIES OF 2020 - PowerPoint PPT Presentation

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360QUADRANTS RELEASES BEST ACCOUNTING SOFTWARE COMPANIES OF 2020

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In 2019, the Accounting Software Market reached USD 12.03 Bn and is expected to reach USD 19.6 Bn by 2025, at a CAGR of 8 percent over the 2020-2025 estimate period. The accounting software and financial management system industry has undergone many shifts in the last twenty years. One of the main shifts is to deliver accounting software applications focused on the cloud. – PowerPoint PPT presentation

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Date added: 7 September 2020
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Title: 360QUADRANTS RELEASES BEST ACCOUNTING SOFTWARE COMPANIES OF 2020


1
Best Accounting Software 
  • Guide to choose the Best Accounting
    Software for Medium-Sized Businesses

2
Who Uses Accounting Software?accounting
software is utilized by accountants,
administrators, CFOs, and other representatives
of accounting teams. The accounting team ranges
in size based on the scale of the organization
and the scope of its activities, which can have
one person accountable for all or staff in
control of particular financial processes such as
AP, AR, cash management, or cost
management.Computer accounting solutions are a
must for virtually any company. They enable
businesses to manage economic wellbeing and
strategize long-term success. Online invoicing
helps firms to file invoices, receive payments
electronically, and get charged more easily.
Expenditure monitoring is another important
accounting feature that helps businesses to
monitor, manage, compensate, and evaluate
expenditures relevant to the workers. Financial
information, such as forecasts, income loss
accounts, balance sheets, and cash flow
statements are perhaps the most demanded best
accounting software features
https//www.360quadrants.com/software/accounting-s
oftware
3
Why Accounting Software is Important
https//www.360quadrants.com/software/accounting-s
oftware
4
Benefits of Accounting software Simplification -
Accounting software put control of funds in the
hands of a non-accounting crowd, aimed at giving
significance to statistics while executing
electronic computations. With hardly any
training, the company owner can execute all
financial transactions and meet the legal
requirements from a desktop computer or
smartphone, even without having to pay a third
party to keep the expenditure in the loop. Cost
reduction - Accounting and finance frameworks
simplify key estimates and operating processes
and gain a charge of the sales process and you
don't need to outsource financial services to an
external specialist. They also raise printing and
storage prices and store confidential data is
safe and controlled locations. Total financial
disclosure - The key advantage of effective
accounting processes for an accountant or an
auditor is that they avoid expensive and repeated
human mistakes. Calculating incorrect quantities
or failing to disclose results on time will
potentially contribute to a business problem and
this is when it is most helpful to optimize
calculations.
https//www.360quadrants.com/software/accounting-s
oftware
5
  • Recent Developments
  • In March 2020, Freshbooks started its service in
    the United Kingdom. The firm has also rolled out
    a new set of functions geared toward British
    business needs.
  • In November 2018, Xero a suite of online best
    accounting software for small businesses,
    accountants, and bookkeepers acquired Instafile
    which is a cloud accounting firm.
  • In September 2018, Sage Intacct a financial
    management software acquired Budgeta Inc. a
    modern budgeting and forecasting solution
    empowering businesses to plan faster, smarter,
    and more collaboratively.
  • In October 2016, Quickbooks acquired Bankstream
    which provides a daily, secure, reliable, and
    accurate feed of client transaction data.

https//www.360quadrants.com/software/accounting-s
oftware
6
CATEGORIZATION?OF?ACCOUNTING SOFTWARE?COMPANIES
The Future Seems To Be Very Exciting For HR
Software Technology. Many Software Providers Have
Begun To Use AI, Machine Learning, And
Even Internet Of Things (Iot) Technology
To Enhance Their HR Software Solutions. These
Technologies Can Take Existing HR Software
Functionalities To The Next Level. They Are The
Future And Are Worth Exploring If A User
Is Currently In The Market For An HR Software
Solution. Microsoft Dynamics NAV And Microsoft Dy
namics GP Has Been Identified As An Innovator
As It Has A Focused Product Portfolio And An
Innovative Business Strategy, Which Help It Set
New Trends In The Market. It Has An Innovative
Portfolio Of Accounting Software And Strong
Potential To Build Strong Business Strategies
For Its Business Growth To Be At Par With
The Visionary Leaders. Innovators Have Been At
The Forefront In Deploying Their Solutions For
Niche And Custom Requests By Clients, Requiring
The Processing Of High-performance
Workloads.   Oracle, Outright, And Gnucash Have
Been Identified As Emerging Companies As They
Have A Niche Product Offering And A Decent
Business Strategy, Which Helps Them Achieve Consis
tent Growth. These Emerging Players Specialize In
Offering Niche And Tailor-made Solutions And
Services Highly To Their Clients. Most Emerging
Vendors Have Been Undertaking Multiple
Acquisitions And Boosting Their Sales
Capabilities In Various Regions To Offer Their
Integrated Services To A Wide Range Of Clients. 
https//www.360quadrants.com/software/accounting-s
oftware
7
About 360Quadrants 360quadrants?Is The Largest
Marketplace Looking To Disrupt USD 3.7 Trillion
Of Technology Spends And Is The Only Rating
Platform For Vendors In The Technology Space. The
Platform Provides Users Access To Unbiased
Information That Helps Them Make Qualified
Business Decisions.?The Platform Facilitates
Deeper Insight Using Direct Engagement With 650
Industry Experts And Analysts And Allows Buyers
To Discuss Their Requirements With 7500
Vendors.?Companies Get To Win Ideal New
Customers, Customize Their Quadrants, Decide Key
Parameters, And Position Themselves Strategically
In A Niche Space, To Be Consumed By Giants And
Startups Alike. Experts Get To Grow Their Brand
And Increase Their Thought Leadership. The
Platform Targets The Building Of A Social Network
That Links Industry Experts With Companies
Worldwide. ?    360quadrants Will Also Be
Launching Quadrants In Fields Like Erp System, Hum
an Resource Software,?And Social
Media Analytics Software.? Contact Mr. Agney
Sugla agney_at_marketsandmarkets.com 630 Dundee
Road, Suite 430 Northbrook, IL 60062 USA
1-888-600-6441 
https//www.360quadrants.com/software/accounting-s
oftware
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