Le marché de logiciels de comptabilité - Royaume-Uni

1.1 Définition et périmètre d'étude

Accounting is an integral part of any organization irrespective whether it concerns a company, a government or a non-profit organisation. Although SMEs choose precise software to perform a specific mission (human resources, sales, accounting, finance, etc.), large companies are equipped with ERP (Enterprise Resource Planning) software that allows them to manage all operational activities, including accounting. In essence, accounting software involves financial transaction and in particular it can touch upon accounts payable, accounts receivable, journal general ledger, payrolls, etc.

Accounting software is beneficial in many ways: first, contrary to traditional accounting which requires handmade physical journals, accounting software takes up less space. Secondly, it automates the process and reduces human error. Indeed, financesonline estimates that 50% of companies’ accounting tasks can be automated. Finally, it is easier to access data through this solution, which in turn makes audit and data retrieval easier.

The global accounting software market is growing rapidly, is is estimated to increase by a CAGR of 6-8% until 2025 and is largely dominated by the United States. Market growth is driven by innovation. Moreover, cloud services are going gaining ground given they are cost effective. Nevertheless, data protection is to be considered for this aspect of the market.

In the United Kingdom, SMEs are driving market growth and account for around 50% of revenue. In light of COVID-19, the industry will most likely see an upswing as players move towards online to a larger degree.

The global accounting software market is connected worldwide, and somewhat concentrated, with market leaders in the likes of SAP, Microsoft, and Oracle for large firms, and Intuit Quickbook for smaller companies.