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

• 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
• The IRS will no longer require taxpayers to use third-party facial recognition software to authenticate their online accounts. CNBC
• Within 2024, 78% of businesses say that they plan on adopting new finance or accounting software, and only 23% say they have earmarked less than $10,000 toward tech adoption. Capterra
• Carbon accounting and management software really came into its own last year, spurred by corporate net-zero commitments, and it looks as if 2022 could represent a tipping point for supply chain software that empowers sourcing decisions point to net zero. GreenBiz
• Spending for on-premises software accounted for 69% of total software investment in 2020, but by 2025, 58% of software spending will be in cloud, predicts IDC. TechCrunch
• New regulations, such as a rule under review by the Securities and Exchange Commission that would mandate climate risk disclosures, are fueling demand for climate accounting software. ImpactAlpha
• The ability to use cloud-based tools, such as cloud developer tools, cloud-based communication software, accounting software, and customer relationship management software, is projected to be the most in-demand skill required by employers by 2025, followed by cybersecurity skills. Tech & Biz Australia
• Some MTD MTD accounting software will be able to be run on a smartphone or tablet. GOV.UK
• Cloud accounting software is going to be a highlight for 2021. CapActix
• Gartner expects companies world-wide in 2022 to spend more than $671 billion on enterprise software, up 11% from 2021, with cloud systems accounting for the bulk of investments. WSJ
• Government IT investments are moving from devices and data centers to software and IT services, which are forecasted to account for almost 50% of the $452 billion in government IT investments in 2021. Collaborative Solutions
• A vulnerability in Cisco SD-WAN vManage Software could allow an unauthenticated, remote attacker to enumerate user accounts. CISA
• Multiple vulnerabilities in the CLI of Cisco IOS XR Software could allow an authenticated, local attacker with a low-privileged account to elevate privileges on an affected device. CISA
• Multiple vulnerabilities in Cisco BroadWorks CommPilot Application Software could allow an authenticated, remote attacker to delete arbitrary user accounts or gain elevated privileges on an affected system. CISA
• 5G will account for 75% of capex for mobile networks and enabling platforms in cloud, transport and software by 2027; it will account for 62% of the total operator capex. Analysys Mason

Last updated: 16 April 2024