Lance Wiggs posted about a SaaS accounting service he found in the states – Lance’s post can be seen here.
I always said that I had concerns about the revenue expectations articulated in the Xero IPO and whether or not the product constitutes a sufficiently unique selling proposition to gain significant uptake.
While I love Xero and want to see it succeed, as an SME owner who runs the accounting for half a dozen or so enterprises with a currently deployed MYOB solution, I need a compelling reason to change. A robust open source (free!) solution would be compelling but $100 per month with limited functionality (and yes I understand that this will change with Xero development) is not sufficiently compelling.
The other issue is that MYOB will IMHO have a SaaS product ready to role very very soon. Incumbents advantage????