The move by Microsoft follows its £747m acquisition of accounting software supplier Great Plains in December 2000 as revealed by Accountancy Age, and will see the company release a customer relationship management package.
UK accounting software companies have been making moves into the CRM arena in recent times, but Microsoft’s foray into this market will stiffen competition considerably.
The launch comes as the company prepares to embark on a campaign to boost its presence in the accountancy software market, and will shortly begin talking directly to accountants.
And Microsoft Great Plains has declared its intent to become the UK’s largest accountancy software provider.
Doug Burgum, senior vice president of Microsoft, said: ‘Microsoft CRM represents a substantial business opportunity to deliver an entirely new category of solutions specifically designed to our SME customers.’
Meanwhile, a spokeswoman for Microsoft, this week confirmed the US Securities & Exchange Commission is investigating the Software giant’s company disclosures, amid concerns of ‘conservative’ accounting.
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Barclays has partnered with accounting software company Xero to provide businesses with access to transaction data through its direct feed.
Government's estimate of a £400m admin saving from Making Tax Digital is way off - and is instead a huge cost burden, warns Lamont Pridmore chief executive Graham Lamont
Xero unveiled its expanded global partner programme at Xerocon South, the accounting technology conference in Australasia