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ProcurementIQ’s Accounting Software Procurement Research Report provides the latest price data and the factors underpinning price movements, such as input costs and external demand drivers. The report identifies the leading suppliers of Accounting Software and offers a strategic analysis of the key factors influencing the way the procurement market works. Data forecasts also accompany our analysis so your company can make purchasing decisions with confidence.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Accounting Software - Recent Price Trend

In the three years to 2018, the price of accounting software has grown at an estimated annualized rate of 1.8%, which has negatively impacted buyer power. However, software price growth during the past three years has exhibited a low level of volatility. Low price volatility aids buyers by reducing the likelihood of significant fluctuations in prices. As such, low price volatility makes it easier.

Accounting Software - Total Cost of Ownership

The total cost of ownership for accounting software is high in comparison to the benchmark price, indicating that buyers incur significant direct and indirect costs throughout the useful life of accounting software (about three to 10 years). However, ownership costs vary significantly depending upon the size of the buyer, depth of functionality required, hardware and level of maintenance, support.

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About this Report

This report is intended to assist buyers of accounting software. Accounting software automates the processing, recording, storage and access of financial transactions to improve the efficiency of finance and accounting operations. The software includes a range of modules and can be sold separately or as part of a broader enterprise resource planning (ERP) system. This report includes both cloud-based and on-premises versions of the software. This report excludes open-source versions of the software and traditional accounting services.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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