This latest software special examines the issues surrounding compliance, outsourcing, XBRL, digital marketing, online filing, and more. It also provides an overview of accounting software products, access to the latest white papers and a round-up of the latest news, comment and analysis.
Click on the links below for all of this information and more.
Business technology exists to make our working lives easier, with software supporting the day-to-day demands that our industry, organisation or department creates.
But with every passing minute delivering another – often pointless – email, it can sometimes feel that technology is there to hinder not help.
It’s the same with regulation. Businesses should be seeking competitive advantage not spending their time ensuring compliance with rules and regulation.
Technology – and financial software in particular – can help bridge that gap, shouldering the compliance burden and enabling companies to focus on growth.
So when you hear vendors talking about XBRL or the importance of software selection, resist turning a deaf ear. And try, if you can, to turn compliance to competitive advantage.
In this software special report, AccountancyAge.com guides you through the technology maze.
Featuring details of the forthcoming Softworld show at London’s Olympia and offering access to an invaluable database of software vendors – as well as our normal diet of technology-related news and analysis – we hope it helps.
If you’re looking to buy or looking to learn more about financial software, check out the Softworld Interactive online show.
Within this virtual exhibition you will find information from all the major players in the world of accounting and finance.
Softworld Interactive includes a full, searchable listing of all exhibitor stands, independent masterclass white papers, regular articles from BASDA, a ‘Tender to Process’ feature created in co-operation with BASDA, post-show presentations from the previous Softworld event, access through the exhibitor stands to their latest products and news, tailored information based upon your FREE Registration Profile and more.
There is also a new product comparison tool, which allows you to ask what functionality you need and let the system show you which of the exhibitors are the best suited for your company’s requirements.
For more information visit: www.accountinginteractive.co.uk
Link: Softwor ld case studies
The use of XBRL (eXtensible Business Reporting Language) has been controversial to say the least. Touted as the holy grail of languages – easy to use and with universally understood taxonomies – it’s takeup has been sporadic, with both the Inland Revenue and FSA looking further into its usefulness.
Link: XBRL Debate
The onerous compliance issues facing businesses, whether it be IFRS or Sarbanes Oxley, has seen software companies touting technology to cure these ills. But can IT enable a business to be more ‘compliant’?
As technology becomes more and more sophisticated, so do the hackers and fradusters that take advantage of its foibles – with both consumers and businesses suffering.
Microsoft and business software
Since Microsoft formed its Business Solutions arm with the purchases of Great Plains and Navision, the software giant has made its intents clear – domination of the financial software marketplace. And now it is set to release an accounting module as part of its ubiquitous Office software…
Finally, the battle for control of PeopleSoft has ended – Oracle is its new owner. But what does this all mean for finance directors? Should they stick with these companies or look for products from SAP or MBS?
UK businesses must switch to the new internet-based BACS system, BACSTEL-IP, which comes into force at the end of 2005. However a mad rush in the last few months will be no good, as the software providers accredited to make the switch will have too much work to do.
Link: BAPS takes on BACS
OTHER USEFUL LINKS
Link: The Inland Revenue
Drastically fewer offices for HMRC in the hope to reduce their running costs
A CIO has been appointed at BDO from law firm Olswang
Global revenues have risen 8% to $7.6bn (£6bn) for BDO in 2016
The accounting and legal giants have partnered to create DataCheckPoint, an eight-stage data and cyber security audit offering