Cloud accounting software is a type of application software that records and processes accounting transaction within a functional module such as journal, account receivable, account payable, general ledger, payroll, and trial balance. Cloud software is a platform that allows accessing data with an internet connection. Cloud provides constant access in any location, any time. The market for cloud accounting software is expected to witness a high growth in the near future owing to increasing demand for smart technological solutions in the accounting software and rising use of big data and analytics.
Increasing Need to Manage Documents and Ensure Security of Sensitive Information
Rise in Cloud Accounting Software Owing to the Host of Benefits that it offers, Increase Adoption of Cloud-based Applications and Ease of Integration with Existing Software Platforms
Increase in Use of Web-Based Interface
The Players Covered in the Study are:
Intuit Inc. (United States), Sage Group Plc. (United Kingdom), Microsoft Corporation (United States), SAP (Germany), Epicor Software Corporation (United States), Oracle (NetSuite) (United States), Xero Ltd (New Zealand) and Infor (United States)
List of players that can be included in the study on immediate basis are Workday, Unit4, Yonyou, Kingdee, Acclivity, FreshBooks, Zoho, Assit Cornerstone, MEGI, Reckon, KashFlow, Dropbox, Carbonite, Apptivo, FinancialForce and Wave Accounting Inc..