TechnologyAccounting SoftwareFuture brighter for business software

Future brighter for business software

Business software suppliers are more optimistic about sales prospects despite an increase in the number of companies reporting declining sales for the three months to September.

The latest quarterly survey by the Business Application Software Developers Association found while the number of companies reporting increasing software sales remained unchanged at 51%, nearly a quarter of respondents said sales had slumped, compared with just 18% three months ago.

But looking ahead, 54% of companies expected revenues to grow, with just 16% of companies expecting decline.

‘Overall, my assessment is that we should see a return to growth in 2002, particularly with the number of companies both in Europe and the UK which have not yet upgraded to deal with the euro.’

The survey also revealed that supply chain and e-procurement software were the biggest sellers throughout the quarter, each accounting for more than half of sales.

Links

Warning for accounting software companies

Related Articles

Accountancy in the digital age: Flexibility, agility, efficiency

Accounting Software Accountancy in the digital age: Flexibility, agility, efficiency

3w Pegasus Software | Sponsored
Sage purchases Intacct in its largest ever acquisition

Accounting Software Sage purchases Intacct in its largest ever acquisition

5m Alia Shoaib, Reporter
5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
UK behind foreign markets in digital accounting, but gap is narrowing

Accounting Software UK behind foreign markets in digital accounting, but gap is narrowing

7m Alia Shoaib, Reporter
The rise of the progressive accountant

Accounting Software The rise of the progressive accountant

8m Emma Smith, Managing Editor
Making Tax Digital: Revolution or revolt?

Accounting Software Making Tax Digital: Revolution or revolt?

8m Emma Smith, Managing Editor
Making Tax Digital: Is HMRC’s recent system fault a cause for concern?

Accounting Software Making Tax Digital: Is HMRC’s recent system fault a cause for concern?

8m Emma Smith, Managing Editor
Four reasons why SME owners should switch to cloud accounting

Accounting Software Four reasons why SME owners should switch to cloud accounting

9m Emma Smith, Managing Editor