Worldwide Financial Accounting Applications 2009-2013 Forecast and 2008 Vendor SharesIDCDecember 28, 2009 26 Pages - SKU: IDC2529227 |
This IDC study examines the shares of more than 130 vendors in the financial accounting applications market between 2006 and 2008, with strategy analysis of the top players — Concur, Oracle, and SAP — as they start consolidating their gains in a growing number of vertical industries across the large, medium-sized, and small customer segments. It also outlines the industry trends that help shape the market forecast through 2013. As the world is struggling to recover from a severe recession, the financial accounting applications vendors are expected to play a key role in helping companies rebuild their profitability and accountability. "Applications designed for improving financial business processes from account payables automation to expense management will be critical for companies to inject innovation and bottom-line benefits into their operations,'' said Albert Pang, IDC research director of Enterprise Applications. "For many organizations that have gone astray because of their relentless push for yield and high-risk investment, the lesson is to win back public trust in them through new applications technologies that allow them to restore financial discipline, something that has been missing for the past few years.'' |
