Comments on: Is Multi-Currency Actually Important for SMBs?

By: Michael Gentle

Michael Gentle — Wed, 18 Apr 2012 12:59:38 +0000

Good article Anastasios. For anyone who has ever implemented accounting software at European level (SaaS or on-premises), all the requirements you mention over and above multi-ccy is simply par for the course.

And any SaaS accounting player wanting to break into the enterprise league has to up the stakes in terms of being more international (specifically European) as opposed to just US-oriented.

By: Anastasios Christidis

Anastasios Christidis — Tue, 17 Apr 2012 07:16:48 +0000

For Accounting Software (and especially SaaS), multi-currency is not the only challenge; nor is it the biggest one. You might want to check this out: http://vertical-cloud.com/2012/04/14/accounting-software-as-a-service/

By: Bill Bennett

Bill Bennett — Wed, 28 Mar 2012 22:42:43 +0000

“Multi-currency is, I believe, an outlier requirement for these organizations.”

Maybe in big countries, not in places like New Zealand where small and micro businesses often need to invoice Australian or other overseas companies.

In my case I write one or two invoices each month for Australian companies.

I write manual invoices rather than pay Xero the NZ$15 extra because $15 to write one invoice correctly is a huge additional cost.

By: clive boulton

clive boulton — Wed, 28 Mar 2012 20:40:31 +0000

Horses for courses, fair enough, but multi-currency is tough to back-fit. I’ve even seem vendors sell second on-prem licenses to SME’s suffering so much pain.

Perphaps, the key is are you a platform or a service.

But today, on-prem is not an economical vendor plaform, so we build out SaaS. But soon PaaS NoSQL Big Data ERP will eclipse SaaS. Thus not architecting for MLC may be career or business limiting error.

For example I see Exact reverting back to the Benelux region with ExactOnLine from a global foot print, what a way to constrain growth, design for single currency.