Our Scans · (FS.2.02) Accounting Software & Systems · Weekly Summary

• Underpinned by Crezco's account-to-account payments API, Xero will be the first major small business cloud accounting software in the UK to offer on-platform bill payments using open banking. Medium
• Customers of accounting and tax software supplier Intuit have been warned of an ongoing phishing attack masquerading the organisation and attempting to mislead victims with fraudulent account suspension notifications. CySecurity News - Latest Information Security and Hacki
• Trans-World Compliance is to release new software that will allow organisations worldwide to easily manage and simplify the compliance and regulatory requirements for the Foreign Account Tax Compliance Act and related legislation worldwide. Asset Servicing Times
• By 2027, Forrester expects software and IT services to account for more than two-thirds of global tech spend. TechRadar pro
• Online retail is expected to perform particularly strongly in areas such as media, electronic devices, computer software, and video games, where online will account for more than 50% of their respective total retail sales by 2028. ESM Magazine
• Cloud technologies will account for 65.9% of application software spending in 2025, up from 57.7% in 2022. VentureBeat
• Low-code application development will account for more than 65% of software development activity by 2024. Hacker Noon
• Widespread Adoption: By 2025, low-code tools are expected to account for over 70% of software development, enabling non-technical users to contribute to app creation. BP3 Global, Inc
• As the scale of enterprise automation grows, one area rapidly gathering momentum is low-code software development: Gartner estimates it will account for more than 65% of application development by 2024. Transport Times
• In 2022, software investments will account for the majority of technology spending in Europe. Hosting Journalist.com
• Artificial Intelligence and new technology are emerging in 2022, extensive software will encompass account payable and receivable, computerized information extraction and information entry, herbal language processing of purchaser queries, fraud detection through studying all transactions. Course Hero
• Small businesses will be able to manage their tax through a digital account linked to business software. Government Office for Science
• A complex software system will be able to account for all vehicle traffic in a given area for the purposes of controlling speed and distance between vehicles. Future
• ERP software focuses more closely on corporate data collection and interpretation, and is forecast to account for another billion dollars in overall revenue. Statista
• In 2025, accounting software systems are equipped with AI that can predict cash flow, optimize investment strategies, and identify discrepancies in financial data. Unfold Business
• 2024 To 2029, software and IT services combined will account for 66% of global technology spend in 2025, fueled by increased investment in cybersecurity solutions and the modernization of legacy systems. Yahoo Finance
• North America and the Asia-Pacific region are projected to be the fastest-growing markets, while software and IT services are projected to account for 70% of all global technology spending by 2029. Computerworld
• A profound time for companies that offer automated carbon accounting software as businesses brace themselves for new government requirements for emissions calculations in 2024; only 10% comprehensively measured emissions last year as processes are overwhelmingly manual. BusinessCloud
• Starting from 2025, publicly listed companies in the Philippines will need to disclose their sustainability performance, including carbon emissions, which can be calculated with carbon accounting software. HashMicro Philippine Blog

Last updated: 09 September 2025