The accounting software market - Portugal

Accounting is an integral part of any organization - its activities therefore involve cash management and accounting - whether it is a business, a government or a not-for-profit organization. If SMEs choose to specific software to accomplish a specific mission (human resources, sales, accounting, finance, etc.), large companies are equipped to of ERP software (Enterprise Resource Planning) that enable them to manage all operational activities, including accounting. The global market for accounting software is growing rapidly, largely dominated by the United States. In addition to management software, new entrants offer cloud computing solutions. They are also taking advantage of new practices and expectations of SMEs and companies under development to develop new state-of-the-art solutions that are increasingly appropriate. Market growth is driven by innovation; for example, there is a strong potential for increased automation of reporting and accounting processes. The Portuguese market is expected to experience significant growth in the coming years due to the growing demand for computerized accounting . With a relatively undigitalized economy compared to other countries, Portugal has experienced continuous changes in the conventional way of storing financial documents. Starting from a completely manual method for the use of digitally integrated accounting information systems A market context that is still little explored is proving to be a great opportunity for the emergence of new players.