the financial software plays within the organisation . Small businesses often see financial software as a compliance issue , relying on it to generate accounts and share data in accordance with regulation . Larger organisations with dedicated finance teams and a more comprehensive understanding of the basic systems and processes use it for performance insights and strategic overview , and as more of a decision support mechanism .
“ While we develop financial software and have a responsibility to keep track of the underlying legislation changes to make sure they ’ re reflected accurately in the software , we have to tread carefully in the way we support business owners . With the finance industry being so heavily regulated , we cannot fulfil an advisory role for our clients and must be careful to only refer to the government guidance issued . Where this becomes challenging is in the timescales between the initial announcement and the changes coming into force , as we need time to build the changes into our software . We work closely with the industry body , the Business Application Software Developers
“ AI can help software become more helpful and proactive to customers ”
SIMON KEARSLEY CEO , BLUQUBE
46 December 2022