A new information age fuelled by the rapid changes in IT will see small firms outperform their larger competitors over the next 20 years, says Media Vision, a report by communications technology firm Mitel Telecom.
It attributes these changes to the flexibility of smaller firms and new market entrants, and both their access to and ability to manage the same information on a global scale, as governments and their larger competitors.
It predicts that larger firms will quickly lose market share. Computerised telephone systems with automatic interpreting technology will allow virtual meetings between world leaders, says the report.
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
Accountancy software firm Sage has been hit by a data breach which may have compromised the personal details and bank account details of as many as 300 UK businesses