Competition in the UK accountancy software market for small businesses is set
to become even fiercer as Scandinavian group e-conomic launches its online
offering this week.
The company first launched in 2003 in Denmark and has expanded rapidly with
1,000 practices, including KPMG and Ernst & Young, using the software in
Europe. These practices use the software to service 11,000 clients.
E-conomic has opted for a software-as-a-service model and will be offering
software to accountants for free and charging the clients of accountants a
monthly fee of £13.50.
The move of the new player will offer SMEs more choice than ever before.
Established players Sage and Iris are still competing aggressively in the SME
space, Microsoft has launched a business software programme while MYOB and Mamut
continue to grow strongly.
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Unincorporated businesses under the VAT threshold given an extra year to prepare before MTD becomes mandatory
Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can make the transition to a new career in cyber security