The survey of personnel responsible for financial and business software of more than 1,000 businesses found that respondents were least satisfied by ERP systems such as those supplied by Oracle and SAP, while smaller products like Sage’s Instant Accounting package, costing less than £100, achieved the highest levels of customer satisfaction.
Worryingly, the survey revealed that there was still a risk to the business, whether it is using a cheap, simple package or a complex, expensive one – twelve percent of respondents reported a business critical systems failure over the last two years.
Paul Druckman, president of the ICAEW, said: ‘It’s not really surprising that there is greater satisfaction with the smaller and cheaper accounting products as there’s the perception of getting a better deal.
‘What is surprising is that the providers of the biggest packages are falling so far behind on customer service. They should beware as this may create a gap in the market for a provider to step in and excel in this area.’
Big Four firm Deloitte has announced its investment in blockchain start-up SETL as well as a partnership with VTC Group
Clients and business advisers can now connect to small businesses through a Facebook Messenger chatbot service, provided by Xero
It has been another glittering night in the accountancy calendar. A range of practices big and small, plus outstanding individuals, have been rewarded for their efforts in the British Accountancy Awards 2016
Making Tax Digital responses to the consultations expected in January 2017