TechnologyAccounting SoftwareAccounting software drives change

Accounting software drives change

New technology is still continuing to impact on the accounting and finance function, re-defining processes and changing the 'traditional' role that the department has played.

This was reflected in a recent Softworld survey of accounting and finance professionals which revealed that 73% of respondents felt that their department was becoming more involved in strategic decision making.

External factors have dictated changes in many organisations’ IT strategies over the past few years, with Y2K compliance causing a major upheaval, and now with the threat of Euro compliance potentially affecting finance systems.

However, e-business and access to detailed management financial information continue to be the key drivers of change. Web-based technologies have not only meant an increase in speed for manual processes, but for larger companies have meant that the finance function can operate on a global scale.

The boundaries of e-finance are indeed limitless, a company can receive and track orders, invoice customers, link departments and analyse data all from its website. However, many companies know that they should be keeping up to date with the latest technology, but don’t know where to start. The leading software vendors are offering increased sophistication and business intelligence in their products, which is in turn creating a thirst for knowledge which will be quenched at Softworld.

The Softworld educational programmes are designed to help executives examine existing systems and processes; consider new strategic frameworks, develop new business models and adopt e-business initiatives and new technologies that will allow them to successfully manage their business as a whole.

This year’s masterclass programme features sessions that will take visitors through every stage of the buying cycle, from selecting through to implementing a new software system, as well as sessions looking at the latest hot topics such as application risk management, using the web for financial reporting and e-finance at work.

On the showfloor visitors will find around 100 leading software and e-business solution providers, over 90 free product demonstrations in the vendor seminars, over 20 new products and special exhibition-only promotional offers – so enjoy the show!

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