Use of Horizontal Software for Accounting
Horizontal software for accounting is the generic or cross-industry one types that was were used in the 1980s and 1990s. These accounting systems were too costly, maintaining them was quite difficult. They lacked the provisions of other software applications like CRM, project management, and inventory control. With the arrival of the modern software, companies have started using the vertical solutions i.e. software modified and designed exclusively to suit their needs. besides integrating with other software applications.
There is a simple trend for using the horizontal and vertical software for accounting. Companies that have an annual revenue collection of less than $1 million, few employees and accounting software priced within the range of $200 - $500 will use the horizontal varieties like QuickBooks, Peachtree etc. While the bigger companies whose annual revenue, goes well beyond the $1 million mark will go for the vertical varieties.
There are some distinct reasons that have contributed to the wane of the horizontal software for accounting . Most of the company executives are game for lucidity across the numerous sectors of the project and increasing the visibility using one single system which is provided by the vertical software solutions. Using them is just too easy and though the initial cost may be more, one can easily find that in the long run,would notice that they’r e provide ng more that their values for money. worth
The executives or the IT division in the company will like to buy the IT products that will exclusively support their IT solutions. They will always go for a complete package and thus stay away from the standalone horizontal varieties of software for accounting. Some of the features like shop floor control, project management, and inventory control are not found in the former varieties.
The software manufacturers have rightly found out this recent trend. All their newly built software for accounting is offering extra components and can easily bebe customized for definite needs and thus further contracting vertical markets.
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