Early results suggest CPAs haven’t cut technology spending as much as some have feared.
As we posted a little while ago, accounting firms and finance organizations are reacting, like many businesses, by curtailing or postponing expenditures on technology. But how much, exactly, is the question we’re trying to answer in this week’s new survey. Join the survey here and get a preview of the results.
The answers are starting to roll in…
Most accountants are reporting no cuts in spending despite the worst business downturn since the Great depression:
. Looking ahead, tech spending plans are flat to up, sometimes significantly:
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At the top of the buying wish list: new notebook PCs and workstations:
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5 Responses to “SURVEY RESULTS: Is CPA Tech Spending Set to Surge?”
Betsy Bland
Many cloud computing providers have service level guarantees that they make to their customers. Intacct’s can be found here: http://us.intacct.com/endusertermsandconditions/bwc.pdf
Paul Harmon
Everyone is talking about security concerns in regards to cloud computing, which is definitely something to be aware, but I’m not hearing the discussion on the vulnerability of uptime. No longer is my data in my control. I’am at the mercy of communication between myself and the provider. Sure, they have a bombproof facility, but there are still wires coming out of that facility that still run the risk of failure, whether by terrorists or the weather.
CPA spend survey results | AccMan
[…] Rick Telberg has started rolling out the results of his CPA tech spend survey. The big surprise for me is that 27% of respondents are planning to increase spending in the near term while 54% say they’ll increase spending over the next 6-18 months. On the downside, 34% say they’ve decreased spending but only 12% report the same in their medium term plans. These are good leading indicators of confidence in the economy because tech spend is one of those discretionary areas that gets pounded in a recession. Without wishing to sound picky, I’d have liked to see if there are any geographical differences. For instance, I’d expect tech and financial services clusters such as Boston, New York and California more heavily impacted than other states. […]
Justin Dagna
Almost every cloud provider has some kind of statement regarding security and confidentiality. Assurances of this are often part of the standard license agreement. They may state standards compliance, such as HIPAA compliance for handling confidential medical records.
Marja Beltrami
What about confidentiality requirements for cloud computing. We assist clients with their accounting via “cloud” computing. Their systems can see and write and retrieve data from our system. What are the liablilities here and can/should we be getting confidentiality statements from the cloud providers?