GLG Network Survey Tracker: Accounting Software V

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SURVEY DETAILS
TARGET POPULATION

For this Network Survey, GLG surveyed 80 senior executives who are decision makers for selection of accounting software providers for their organisation across the US, Europe (UK, France, Germany, Italy, Spain) and Australia. This is the fifth iteration in this tracker series.

What will you learn from this survey?

  • The survey explored the competitive landscape in the accounting software market, assessing different software solutions on factors like ease of set up and use, likelihood to recommend, value for money, sale support, etc.
  • Furthermore, the survey looked into the value that accounting software solutions bring to the company, as well as the likelihood of adoption of cloud solutions in the future.
  • Lastly, the research captured respondent’s switching intentions for the future, including the vendors to which they are likely to switch, as well as the difficulties faced while switching.

Examples of findings:

  • Over six-in-ten experts agree that reporting (68%) and ease of use (61%) are the most important functionalities in their accounting software.
  • Two-in-three (66%) respondents are satisfied with the pricing of their accounting software and declared that such pricing meets their business requirements.
  • Among those likely or extremely likely to change vendors (28%), Oracle NetSuite (29%) is the main vendor to which they are most likely to switch.

Deliverables

The GLG Surveys team drafted the questionnaire with the support of GLG Network Member, Dan Shakenovsky, former Finance Director – Asia Pacific, Xero Limited.

  • 1 x Individual responses (“raw data”) in Excel.
  • 1 x PPT report with aggregated data.
  • Executive summary with key takeaways and highlights from the raw data.

Sample Questions

  • What is the main reason you have not switched to cloud/online accounting software?
  • How important is it that your accounting software integrates with e-commerce sites?
  • How likely are you to migrate all your software to public cloud SaaS solutions over the next 1 to 2 years?
  • How many user licences did you purchase?
  • How has your spending on your accounting software changed in 2024 compared to 2023?
  • How likely would you change vendors in the next 3 years?
  • Would you consider switching entirely to any of the following vendors instead of your current accounting software?

Access

This survey is available to subscribers of the Technology, Media & Telecom (TMT) sector (Limited subscriptions and above). This offer includes the raw data file and a high-level presentation through PowerPoint. Please contact your GLG representative for details on your firm’s access.

DISCLAIMER

Please be advised that GLG Network Surveys operate differently than traditional GLG consultations, surveys, teleconferences, etc. and it is advisable that you consult with your firm’s legal and/or compliance department to review your use of the product and the payment for such work under your current subscription. 

By downloading this document and/or participating in the Network Survey, you understand and agree that the information and material provided by GLG, including survey results and survey proposal information, is provided for your own insight and informational purposes only. You further acknowledge and agree that this is a Network Survey for multiple GLG clients, and the results will be provided to all GLG clients that agree to participate in the Network Survey and GLG clients that agree to purchase the Survey results in the future. All survey results do not constitute investment advice or a recommendation. In using this Survey, you agree to hold Gerson Lehrman Group and the Survey respondents harmless and free of all liability as a result of your use of this Network Survey, other than liability resulting from the gross negligence or wilful misconduct of the protected party. You otherwise agree to be bound by Gerson Lehrman Group’s Usage Policies in your interactions with Gerson Lehrman Group and your receipt of services. These Survey results are for are for client’s own use and client shall not redistribute, disseminate, publish, or display the same, in whole or in part, to any third parties or publicly without the prior written permission of Gerson Lehrman Group, except explicitly set forth in your agreement with GLG. This survey will be double-blinded to both client and respondent. GLG reserves the right to restrict the number of clients that can pre-commit access. These Network Surveys are priced outside of standard GLG subscriptions but at a substantially reduced price to commissioning a fully proprietary GLG Network Survey. Upon finding these terms acceptable, please send an affirmative confirmation via email, which GLG will file in its records. Once confirmed, please note that the Client’s agreement to purchase the Network Survey is a legally binding and irrevocable commitment. If the survey is not included within your subscription, GLG will invoice Client for the fees due for the Network Survey. Please note that some respondents may not be Network Members, and the Terms and Conditions of Network Membership would not apply to such respondents and detailed records for them will not be available aside from the information that GLG capture in the Network Survey.