Codestone

Category: Accounting software

Accounting software may be one of the key purchases for firms in the financial sector, which is said to be one of the UK's highest spending markets when it comes to IT investment.

A new report by the National Computing Centre has outlined the latest trends in terms of financial outlay in various sectors.

It noted that financial markets are still awash with cash, as it is this area that boasts the highest spending ratio with its median spend per user hitting £9,348.

Although this figure is down on the 2009 boom, it remains significantly higher than sectors such as charities and education, where IT spending is low.

The NCC added that overall expenditure on computer solutions in 2011 is expected to decline by approximately 3.7 per cent.

Last month, the Straits Times revealed that accounting firms are among those expected to lead Singapore's return to growth and prominence in the world's financial markets.

Posted by Jamie Rees