Best Accounting Software of 2020 - Latest Quadrant Ranking Released by 360quadrants

Published on 07 Sep 2020

Accounting Software is computer software designed especially for accounting experts to manage accounts and conduct day-to-day accounting activities. Accounting is an organized practice, work, or process of communicating and tracking financial data. There are various types of accounting software, such as simple and easy single-entry programs for individual recordkeeping and more sophisticated double-entry systems that can process and track accounts receivable, accounts payable, payroll, and inventory, among other features and functions. 

360Quadrants has highlighted the best Accounting Software providers in 2020, which will help potential buyers make relevant choices for their businesses. 360Quadrants has carefully shortlisted and assessed these accounting software providers based on their product offerings and business strategies.  

360Quadrants also conducts an exhaustive SWOT analysis, which further helps accounting software providers to learn more about future opportunities and improvement areas. 

ACCOUNTING SOFTWARE PROVIDERS 360QUADRANTS POSITIONING 

360Quadrants assessed more than 40 accounting software providers, out of which the top 15 providers were categorized and placed on a quadrant under the following categories: 

  1. Visionary Leaders 

  1. Innovators 

  1. Dynamic Differentiators  

  1. Emerging Leaders 

 

QuickBooks, NetSuite, Sage Intacct, Xero, FreshBooks, Zoho Books, and SAP have been highlighted as Visionary Leaders. These software providers offer a wide range of products and also have an excellent geographic presence. 

Microsoft has been recognized as an Innovator. The company emphasizes and focuses its funds on innovation.  

Oracle, Outright, and GnuCash have been recognized as Emerging Companies. These companies work on creating and selling products specific to a purpose. 

FreeAgent and Odoo have been recognized as Dynamic Differentiators, as they have a distinctive set of products as compared to other vendors in the market. 

360QUADRANTS COMPANY EVALUATION METHODOLOGY  

360Quadrants assessed the companies offering the Top Accounting Software. The evaluation typically considers critical parameters from the company’s product portfolio, business strategy, and feedbacks from buyers as well as industry experts. All of the parameters and responses from buyers and industry experts were analyzed, post which a final score was assigned to all the companies that were considered for the evaluation. Lastly, each software vendor was positioned on a relative position on the 360Quadrant. 

ABOUT 360QUADRANTS 

360Quadrants is the largest marketplace looking to disrupt USD 3.7 trillion of technology spend and is the only rating platform for vendors in the technology space. The platform provides users access to unbiased information that helps them make qualified business decisions. The platform facilitates deeper insights using direct engagement with 650+ industry experts and analysts and allows buyers to discuss their requirements with 7,500 vendors. Companies get to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in niche spaces, to be consumed by giants and startups alike. Experts get to grow their brand and increase their thought leadership. The platform targets the building of a social network that links industry experts with companies worldwide.  

360Quadrants will also be launching quadrants in fields such as Project Management Software, Medical Alert System, and Human Resource Software

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