The following are excerpts from an article on ZDnet quoting the European commissioner for telecoms and media, Viviane Reding.  Speaking at the unveiling of the Commission’s Digital Europe strategy on Thursday, Reding said:

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A story by the Proactive Accountant stevepipehome on his Accounting Web blog quotes Cima as saying that Accountants may lose 17% of their clients who won’t make it through the recession.

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A new online accounting service called “Crunch” was reviewed in AccountingWEB yesterday.  It offers a complete accounting service, based around their own online system, for £59.50/mth.  The system and service are backed up by an accounting firm in Brighton.  I felt compelled to comment and felt it worth putting on our own blog, as it’s relevant to the role that software providers play in the relationship between accountants and clients.   These are my thoughts…
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Paul Garside of Symbiotic Projects, and a user of e-conomic, has written a compelling article about reducing operating costs by using SaaS for three of their key business processes. They use e-conomic for accounting and project costing, SimplyHR for human resources, and Xythos for  workflow and document management.

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Today I read a document published by another accounting provider (no name, no pack drill) that tries to teach the basics of double entry bookkeeping to business people.  It’s stated aim is to “help them get a clearer picture of their business as well as reduce common bookkeeping errors that can prove very costly if left unchecked”.

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Most businesses turn to their accountant for advice about which accounting package to use and they often end up with Sage because it’s the most well known package amongst accountants in the UK.  While accountants generally can see the benefit of going online, for many practices it’s a case of “better the devil you know’.

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According to a story today on Accountancy Age ‘A new survey highlights concerns over IT upgrades ­ 90% of SAP software users from the UK, France and Spain questioned by Macro 4, admitted that they find performing upgrades a challenge.

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In his post on the ICAEW’s forum entitled Dynamo or Dinosaur, Richard Messik (partner at Vantis, long time advocate of online accounting and a good friend to e-conomic) challenges the accounting profession to jump on the online accounting bandwagon.

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I totally agree with this post on business Cloud9 which makes some very valid points about the cost of ownership and the upside of using online accounting solutions. In particular the importance of cashflow for SME’s struggling in the current climate.

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Big smiles in e-conomic these days

We just won the E-Commerce 2009 Award in the category “From offline to online“, in the yearly competition for best E-Commerce businesses in Denmark.

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