42% of accounting and finance professionals work in organisations that have implemented IT solutions designed to help create a paperless office environment. That is according to the latest survey from Softworld Accounting & Finance (2 ¨C 3 March 2005, Olympia, London). A further 29% of respondents say their organisations are considering the purchase of such solutions. This result is particularly interesting when considering that 92% of the survey's respondents come from small to medium sized organisations (SMEs).
February 17, 2005 -- 42% of accounting and finance professionals work in organisations that have implemented IT solutions designed to help create a paperless office environment. That is according to the latest survey from Softworld Accounting & Finance (2 ¨C 3 March 2005, Olympia, London). A further 29% of respondents say their organisations are considering the purchase of such solutions. This result is particularly interesting when considering that 92% of the survey's respondents come from small to medium sized organisations (SMEs).
Other results from the research include:
?When asked about IAS readiness, 7% of respondents claim their organisation is fully prepared, 28% partially, 36% not very, and 29% not at all. The high percentage of SMEs responding to the survey helps explain the low levels of readiness.
?Only 14% of respondents have bought any new software in order to comply with IAS.
?86% of organisation have implemented new procedures in the past 12 months to tackle the increased risks to IT and information security and a further 7% are considering such procedures.
?36% of respondents have adopted/bought new processes and/or software to help improve cash flow management.
Liz Wood, Softworld Portfolio Director, said of the research "When it comes to the paperless office, the space saving and efficiency benefits are generally weighed against the cost of setting up and maintaining an electronic document management system. This research suggests that many SMEs have decided that these benefits outweigh the costs. Technology in general has had a huge impact on how accounting and finance professionals operate. Softworld provides an ideal setting for practitioners to research the latest solutions in the market and consider how these could be applied within their own business".
The survey, conducted last month on past visitors to the Softworld Accounting & Finance events, looked at a number of the issues that are important to the industry today. The bi-annual event, Europe's leading software event for the accounting and finance community, will use the findings to develop an up to date picture of practitioners' issues and concerns. In particular, looking at how these issues relate to or could be addressed through, technology and its implementation.
Softworld Accounting & Finance comprises an exhibition of over 60 leading exhibitors, such as Access Accounting, Agresso, CODA, Foundation Systems, Inca Software, Open Accounts Plc, Oracle, Sage (UK) Ltd and Topaz Computer Systems.
A free educational programme forms a crucial part of the event. Sessions aim to help professionals examine existing systems and processes; consider new strategic frameworks, and develop new business models that will allow them to successfully manage their business.
This spring's event is again co-located with Softworld HR & Payroll, and Business Performance & Project Management. Visitor badges will allow free cross-over between all three events.
To view the full education programme, and pre-register for the event visit: www.softworld.co.uk/af
Notes to Editors
1. The research was conducted via email on 100 accounting and finance professionals in December 2004 who attended the Softworld Accounting & Finance event in October 2004. The research aimed to find out respondents opinions on key topics in the market.
2. VNU Exhibitions Europe (formerly Imark Communications) is a B2B information provider specialising in producing highly focused trade exhibitions for the information technology, telecommunications and information industries.
VNU Exhibitions Europe also comprises Dutch and Italian operations (formed of the companies previously known as Jaarbeurs Exhibitions & Media and BIAS Group).
VNU Exhibitions events in the UK are divided into four distinct categories:
?Softworld: software events focused upon specific business communities, including accounting & finance, HR & payroll, supply chain and IT.
?Project management: events for professionals seeking to optimise their business performance through effective use of project & programme management.
?IT & telecoms: events focusing on the comms channel, computer hardware, mobile telephony and retail computing and technology.
?Information: the market-leading Online Information and Content Management Europe exhibition plus a virtual event Online Information Online. The Library & Information Show & MUREX have also recently joined this portfolio.
For more information, please visit: www.vnuexhibitions.co.uk