Cloud-based accounting
Industry trends show a shift towards firms using a computerised accounting information system, which incorporate other important business processes, including Customer Relationship Management (CRM), supply chain management and other reporting applications. As a result, there is an increasing demand for cloud-based accounting, which reduces processing time and is cost-effective. A heavy growth of cloud-based accounting software is projected for 2019 – 2026 (Fortune Business Insights, 2019).