[QQ]UK firms only spent an estimated 1.4 percent of total IT budgets on euro-related services, according to a IDC survey outlining opportunities in this field. Budgets are expected to double in the coming year, but the figure is still half as much as the companies expected to spend on such services. Half of those surveyed have no plans to reconfigure systems in preparation for the euro.[QQ] IDC estimates that the total UK euro changeover spend will reach £8.2bn by 2002 and the banking sector will account for a third of that spend.[QQ] US and European consulting services consider the conversion to the euro as an opportunity both for growing services revenue in the short term and as a lever to form new client relationships with euro conversion as the first stepping stone.
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