Abstract
This IDC study examines the shares of more than 160 vendors in the financial
accounting applications market between 2004 and 2006 with strategy analysis of
the top 3 players - Oracle, Sage, and SAP - as they start consolidating their
gains in a growing number of vertical industries across the large,
medium-sized, and small customer segments. It also outlines the industry trends
that will help shape the market forecast through 2011.
Amid globalization effects and competitive pressures, enterprises are more
intent than ever on improving their financial accounting business processes.
"Better corporate governance is another major driving force behind increased
investments in financial accounting applications,' ' said Albert Pang, IDC
research director for enterprise applications. "The multiplying effect is that
the market for financial accounting applications will continue to show strong
growth momentum over the next five years because of rising demand for
enterprisewide transparency and accountability on matters such as fast
financial close, integration of financial supply chain components, and
world-class risk management modeling.' '
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