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.
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