Showcasing the Latest Technology & Solutions At The Accounting and Finance Show Asia (16 � 17 October 2018)

SINGAPORE -�Media OutReach - 8 October 2018 – Singapore’s national accountancy census
(AEcensus 2016/17) conducted by the Singapore Accountancy Commission (SAC)
revealed that Accounting Entities (AEs) which adopted technology showed
significant improvements with time savings of around 28 per cent, cost savings
of 14 per cent and 8 per cent increase in revenue.  The survey also showed that technology
adoption amongst Medium, Small and Micro (MSM) AEs lagged significantly behind
that of leading firms and larger AEs in the market[1]
according to the  survey.   The
annual survey of AEs comprises accounting firms, accounting partnerships and
accounting corporations.

 

The main reasons for
not adopting new technology were perceived high costs, seeing no need to change
current processes, and lacking knowledge to choose appropriate software.
Although MSM AEs provide audit and accounting services, only 50% use on-premise
accounting software, 15% use cloud-based accounting software and 34% use audit
software.

 

The Accounting and
Finance Show Asia will bring the latest accountancy practices, technology and
solutions, presented by experts, advisors and consultants to MSMs and
Small-Medium Enterprises (SMEs). Technology has made accounting processes more
streamlined and efficient, and these world-class solutions are also low-cost,
scalable and mobile. They are available not only to large enterprises or AEs
with big budgets, but MSMs and SMEs as well. The Show is organised with support
from the SAC, Infocomm Media Development Authority (IMDA) and Workforce
Singapore (WSG).

 

Ms Sharon Roessen,
Managing Director of Terrapinn, the event organiser, said: “Accountancy is a
key sub-sector of the Professional Services Industry Transformation Map (ITM)
launched by the Singapore Government in January 2018 to develop Singapore into
a globally-leading Professional Services Industry driven by innovation and
partnerships.  Therefore, this Show is
most appropriate for the people in the accountancy sector and also for those
who are interested to enter the profession. 
There will be over 150 seminars and 70 exhibitors showcasing the latest
technology solutions for accountants in business and in practice at this free
to attend conference and exhibition.”

 

One of the highlights
during the Show is Maybank’s showcase of its PayNow-ready invoices for SME
business owners. Maybank and Financio, a cloud-based automated accounting
software by Asian Business Software Solutions (ABSS), partnered to offer Maybank
customers a one-of-a-kind PayNow-ready invoice that has a unique and dynamic
PayNow QR Code which embeds the company’s UEN, payer name, invoice number and
payment amount in each invoice. Such invoices can be easily tracked in
Maybank’s Business Internet Banking. Payments
received are immediately reflected in the company’s bank account which means
business owners spend less time depositing cheques and cash, and free up their
time to develop their business.

 

The two-day Show will have the SAC giving a
keynote address. There will also be other topics covered targeting both AEs and
SMEs such as “the Financial Web and its impact on small businesses”,
“Accounting Software: going beyond general ledger” and “Cheque-out: A new dawn
in digital payments”. The
conference programme will also feature speakers from Title sponsor Xero, and
other sponsors such as Maybank,
Oracle Netsuite, Zoho Corporation, Sage, Xriba and more.

In addition, more than 2,000 attendees from AEs and SMEs are expected
to attend the Show. Buyers will be able to watch live demonstrations of software and solutions,
and fully assess solutions from over
70 local and international exhibitors. The conference programme
consists of six theatres and 150 presentations from local finance experts
across two days on:

• Digital Innovation
• Money in Money out
• Accounting for Business and Bookkeeping
• Practice Management
• Business in the Cloud
• Future Finance

Show
Details are as follows:

Accounting & Finance Show SG 2018

Free Admission
16 - 17 October
2018
Suntec Convention Centre, Singapore
http://www.terrapinn.com/exhibition/accounting-finance-show-sg/index.stm

 

About Terrapinn

Terrapinn is a global events
company. Our events promote innovation and technology that changes people’s
lives. We partner with the world’s leading companies and innovators to make a
difference.