BEST ACCOUNTING SOFTWARE COMPANIES OF 2020

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360QUADRANTS RELEASES BEST ACCOUNTING SOFTWARE
COMPANIES OF 2020 Accounting software is mainly
designed for accounting experts to manage
accounts and perform day to day accounting
procedures. Accounting is anorganized practice,
work, or process of communicating and tracking
financial data. 360Quadrants has released a
quadrant onthe best accounting software to help
businesses make quicker and more informed
decisions for their business. Ranking Quadrants
are generated post analysis of companies
(product portfolios and business strategies) and
will be updated every three months based on
market and regional analyses and developments in
the accounting softwarespace. 360Quadrants
conducts an in-depth SWOT analysis which helps
service providers learn about new opportunities
and areas where they lag behind their peers. It
also helps clients choose the most appropriate
vendor for their requirements.
CATEGORIZATION OF ACCOUNTING SOFTWARE
COMPANIES 360Quadrants evaluated over 40
companies offering accounting software, of which
the top 14 were categorized and placed on a
quadrant under Visionary Leaders, Innovators,
Dynamic Differentiators, and Emerging
Leaders. QuickBooks, NetSuite, Sage Intacct,
Xero, FreshBooks, Zoho Books, and SAPERPhave been
identified as visionary leaders as they have
established product portfolios and a robust
market presence and business strategy. They have
a strong portfolio of best accounting software
and associated services. These vendors have been
marking their presence in the accounting software
market by offering highly customized and easily
deployable software for their commercial clients,
coupled with their robust business strategy to
achieve continued growth in the
market. Microsoft Dynamics NAV and Microsoft
Dynamics GPhas been identified as an innovator as
ithasa focused product portfolio and an
innovative business strategy, which help it set
new trends in the market.Ithas an innovative
portfolio of accounting software and strong
potential to build strong business strategies
for its business growth to be at par with the
Visionary leaders. Innovators have been at the
forefront in deploying their solutions for niche
and custom requests by clients, requiring the
processing of high-performance workloads.
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Oracle, Outright, and GnuCash have been
identified as emerging companies as they have a
niche product offering and a decent business
strategy, which helps them achieve consistent
growth. These emerging players specialize in
offering niche and tailor-made solutions and
services highly to their clients. Most emerging
vendors have been undertaking multiple
acquisitions and boosting their sales
capabilities in various regions to offer their
integrated services to a wide range of
clients. FreeAgent and Odoo have been
recognized as dynamic differentiators as they
have an innovative portfolio of solutions and
services. They have an extensive network of
channel partners and resellers to increase the
deployment of their services across various
vertical markets.Over the years, the dynamic
vendors have been consistently generating
positive revenue growth in the accounting
solutions market, and their market position is
enhanced by organic and inorganic strategies
undertaken by them over the period.

• 360QUADRANTS COMPANY EVALUATION METHODOLOGY
• Top Accounting Software companies have been rated
  using the following methodology
• A highly experienced team of researchers and
  senior analysts conducts extensive research to
  generate a list of vendors.
• An algorithm is used to collect inputs from key
  stakeholdersindustry experts, buyers, vendors,
  and 360Quadrants analystsbased on criteria for
  Product Maturity and Company Maturity.
• Criteria under Product Maturity include
  breadth and depth of product/service offering,
  product features and functionalities, product
  differentiation, and their impact on
• customer value.
• Criteria under Company Maturity include
  geographical footprint, partner ecosystem,
  financial stability, and client coverage, or
  sector footprint.
• Approximately 90 in-depth parameters were
  considered for research for the
  accountingsoftware. These parameters will be
  updated every six months to ensure the latest
  developments are taken into consideration.
• A weight is assigned to each stakeholder based on
  information gathered pertaining to the above
• criteria as well as inputs from stakeholders.
  These inputs follow the order of priority given
  below
• Buyers
• Industry Experts
• 360Quadrants Analysts
• Vendors
• The inputs are analyzed, and a final rating is
  assigned to each vendor.
• After the finalization of ratings, each vendor is
  placed in the most relevant quadrant based on
  its score.

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ABOUT 360QUADRANTS 360Quadrants is the largest
marketplace looking to disrupt USD3.7 trillion of
technology spends 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 insight using direct engagement with 650
industry experts and analysts and allows buyers
to discuss their requirements with 7500 vendors.
Companies get to win ideal new customers,
customize their quadrants, decide key parameters,
and position themselves strategically in a niche
space, 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 like Medical Alert Systems,
Human Resource Software.