xPS software push makes good progress
Good progress on xPS, but clouds are building on the horizon
Good progress on xPS, but clouds are building on the horizon
A year ago there was great excitement among small software suppliers
providing niche applications.
The ICAEW’s Practice Software Suppliers Forum had just agreed to the
extensible practice standard (xPS), which would allow practitioners to swap
software suppliers without concerns over their own data.
But things have gone very quiet on the xPS front.
Rumours have circulated that the larger software suppliers were not
implementing xPS as enthusiastically as they could, for fear of opening up
competition.
Despite the concerns in the industry, others have argued that so far
everything seems to have gone smoothly.
Paul Booth, technical manager at the ICAEW, said he had ‘no reason not to be
happy’.
And Simon Crompton, general manager of MYOB, said that his company was happy
to apply xPS to its products as generally customers preferred buying software
suites over specialised applications.
But the progress that has been made on xPS does not mean that there are no
clouds building on the horizon.
The numbers you crunch tell a story. Your expertis...
18yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleEY adopts Polygon's blockchain for contract management, aiming to enhance security, efficiency, and transparency, setting a new industry standard and ...
View articleFrom achieving new efficiencies to improving accuracy and streamlining compliance, intelligent automation systems are helping accountancy practices ma...
View articleHMRC's MTD ITSA pilot, launching on 22 April 2024, aims to modernize the UK tax system by requiring digital record-keeping and quarterly updates for s...
View articleThe shift to cloud-based accounting marks a significant transformation, enhancing efficiency, collaboration, and data security, and setting new standa...
View articleThe key question facing finance leaders is not about whether they should be strengthening their digital capabilities. That is settled. At AICPA & ...
View articleEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOn February 28, Xero became the latest accounting technology provider to launch a new AI assistant. ‘Just Ask Xero’ or JAX was announced a...
View articleThe findings from the Azets Barometer January 2024 survey highlight a concerning ‘blind spot’ in the cyber security posture of UK business...
View article