Press release
Financial Reporting Software Market 2018- Zoho, Intacct, Ibm, Quickbooks, Microsoft, Xero, Sap, Netsuite (Oracle), Sage, Freshbooks
Global trade has been increasing at an exponential rate. A vast network of global as well as local trades results in voluminous financial transactions and subsequent reporting. Manual bookkeeping simply cannot handle the volume of such transactions. Also, it would be impossible to audit the books and consolidate the reports for further analysis. Financial reporting software is capable of preparing financial statements that conform to regulatory requirements and reporting standards.
Limited Capabilities of Existing Spreadsheet Solutions
A wide majority of the organizations use spreadsheet solutions for their financial reporting. While it’s cost effective and easy to operate, it fails to process voluminous data. Additionally, it’s also unable to provide consolidated reports, data security, and lack of privacy, which, in turn, favors the financial reporting software market. Even the best spreadsheet tool MS Excel cannot go beyond 1 million rows and 16,000 columns.
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The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Financial Reporting Software by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Top Industry Player’s
Zoho, Intacct, IBM, QuickBooks, Microsoft, Xero, SAP, NetSuite (Oracle), Sage, FreshBooks, KashFlow, Float, Workiva Inc, Qvinci, Host Analytics, Cougar Mountain, Multiview, Aplos Accounting, Adaptive Insights, Deskera, WorkingPoint
A key strategy adopted by procurement managers in this market space is to ask for an exhaustive estimation of the total cost of ownership. An estimation of the total cost of ownership allows the buyer to take measures to mitigate these costs actively. For example, the buyer may indulge with external parties for some activities such as training and hardware procurement that can reduce the total cost of ownership to an extent.
Market Segments
Application Coverage (Market Size & Forecast, Different Demand Market by Region, Main Consumer Profile etc.):
• Small Businesses
• Midsized Businesses
• Large Businesses
Region Coverage (Regional Output, Demand & Forecast by Countries etc.):
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
• Asia-Pacific (China, India, Japan, Southeast Asia etc.)
• South America (Brazil, Argentina etc.)
• Middle East & Africa (Saudi Arabia, South Africa etc.)
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