some great accounting software info

you can see more details at

http://www.sharewarecheap.com/business-finance-business-finance/ezytrans10005-1.htm

My previous posting about SaaS didn’t mention that McKinsey Co question accounting software on the web, free or not! Thank you Zoli Erdos for the

Chris Scanlon

admin@financialsoftware4ursuccess.com

At the Sand Hill group’s Software 2006 event last week, I attended a presentation by McKinsey & Company analyst Vanessa Colella entitled “Unifying the Ecosystem.” During the presentation Dr. Colella presented findings from McKinsey’s Software 2006 I…

I’m also confused why they have Financials as the least likely application to migrate to SaaS. We launched the Twinfield online accounting solution in the UK at the end of last year, but it has been available in the Netherlands for over 5 years. We have just passed 18,500 users – I’m trying to get my colleagues to publish the growth figures in the same format as Dennis’s post to highlight the growth, which is running at around 10-15% per month. The Dutch clients include 6 of the top 10 accounting firms in the country, including BDO, KPMG, Ernst & Young. To put this product in context, we have customers of all sizes from 1 user to 1000 users. So our experience is similar to the positive position at QuickBooks and Winweb. One of the key advantages the clients see is the removal of the IT headache, and a backup/recovery approach that a major enterprise would be proud of, that just comes included as part of the service for no extra cost.

While it’s true that many people are still scared putting their financials online, many are not, and see the benefit of anytime/anywhere collaboration and the reduction of the IT hassles typically associated with shrink wrap software.

If McKinsey is assuming this is a buying cycle thing then again, fair enough. However, I can fully understand large organisations needing to retain direct control and if that’s the prime motivation for sticking as is then sure – I understadn though I don’t necessarily agree. My argument is simple. If you outsource/Saas payroll, why not accounting? Payroll data is far more sensitive than say billing info – isn’t it?

But – where SaaS accounting makes a huge amount of sense to me and where I see less objection is in the largely untapped yet fragmented midrange. If you assume there are no globally dominant midrange players (I’d be interested on views around that) then there is a clear opportunity to make a fresh play in this area that recognises the infrastructure components of running a business. I know of one example.