Current Use and Future Desires of Accounting Systems
Based on a 2014 IMA survey, this report discusses technologies to support accounting systems – what is currently used and perceptions around adopting new technology.
A 2014 survey of IMA members investigates the use and perceptions of the technology to support accounting systems.
It attempts to answer questions such as:
- What are the common technologies employed by organizations to support their accounting activities?
- What are the trends toward the adoption of new technology to support accounting activities?
- How satisfied are accounting professionals with their accounting systems?
- Why might organizations resist the introduction of new accounting technology? Are these concerns warranted?
- The use of multi-tiered, client-server applications installed on their own servers is the most commonly used accounting system.
- Adoption of cloud technology is increasing, and those using shared cloud technology are the most likely to report that they are happy with their accounting system.
- Shared cloud architecture and stand-alone (desktop) accounting systems rank highest for ease of use, for provision of data, and are the least dependent on IT.
- For most of those who have moved to cloud architecture, concerns that they originally had about upgrading turned out to be unfounded.