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

• 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
• CRM technology will account for most of the $686 billion in global enterprise software spending projected in 2023.One of the top motivations for CRM implementation is to scale sales. folk.app
• Software and Information Services, Banking, and Retail industries are projected to allocate approximately $89.6 billion towards AI in 2024, with generative AI accounting for more than 19% of the total investment. Supply Chain Nation
• Companies will hire less staff to handle more efficiently processed, routine tasks by using automation software for accounting workflows like invoice processing and making global payments. Tipalti
• Carbon accounting software will be very essential in 2024, given that companies are slowly becoming eco-conscious, and so are the consumers. Carbon Trail
• Financial services embedded into e-commerce and other software platforms accounted for $2.6 trillion of total U.S. financial transactions in 2021, and by 2026 it's expected to surpass $7 trillion. TechCrunch
• With upcoming regulatory changes in the U.K. (making tax digital), accounting software will likely receive increased interest from small businesses. Yahoo News
• SaaS applications, which accounted for over half of total cloud software revenue in 2023, are expected to maintain their robust growth trajectory, reaching $504 billion in revenue by 2027. IDC Blog
• There will be changes to the way companies file their annual accounts, with Companies House transitioning toward filing by software only. Rapid Formations Blog
• Accounting software maker Intuit forecast third-quarter revenue growth above Wall Street estimates on Thursday, expecting a surge in demand for its AI-enabled financial management tools for small businesses. ThePrint
• As enterprises use more cloud services, third-party software, and open APIs in 2024, each account will give users varying degrees of privilege. Zawya
• While a global perfume brand may find success with a celebrity influencer, a business selling accounting software will probably benefit from a more targeted approach. WordStream
• Cisco has issued a security advisory about a vulnerability in its Emergency Responder software that would allow an unauthenticated remote attacker to log in to an affected device using the root account. The Register
• Hardware and services spending will account for 85% of all edge spending in 2022 with the remainder going to software. IDC: The premier global market intelligence company
• FCB will be tasked with creating a new global platform for QuickBooks targeting small businesses to explain that QuickBooks is an entire suite of products that can help run their operations rather than just accounting software. Adweek

Last updated: 24 June 2025