Category Archives: Gen Y

Accounting firms risk losing SME clients if they fail to embrace cloud computing, survey finds [CCH Australia 18 April 2013]

“A majority of small- to medium-sized enterprise (SME) owners in Australia will consider replacing their accountant if they fail to make the transition to cloud-based computing software, according to new research into accounting firms servicing small business.

The research found that only 23% of accountants servicing SMEs have moved to cloud-based software to manage their client’s accounts, with these early adopters skewed toward younger accountants”. Full Article can be viewed here http://bit.ly/JhcM9J

Although this article relates to Accountants and Cloud-Based Accounting Systems, for example, Xero, the take home message is clear. Technology and its users (businesses and home users, including all mobile users) are increasingly moving to Cloud-Based Services.

From Xero Limited’s Interim Report for the Six Months Ended 30/9/13 there was an increase of 89% compared with the same period in 2012 from 111,800 to 211,300 Paying Business Customers globally. In Australia Paying Customers grew from 32,500 to 79,100. If one considers there are appproximately 1 million SMEs (Check Stats) in Australia one can see that there is still significant growth in this particular market segment. Additionally, the Partner Channel (Accountants & Bookkeepers) increased by 91% from 4,600 to 8,800. Such explosive growth is indicative of this Move to the Cloud Trend across a range of Cloud-Based Services. http://www.xero.com/nz/about/investors/reports/ 20 November 2013.

GJ’s Computer Services can assist via our partnerships with Zero Partners to move your business from your existing Accounting System.