If one thing is certain about tech bubbles, it’s that they can easily burst. Currently it is the global software as a service (SaaS) market’s turn to face this challenge. Despite immense growth during COVID, when businesses’ reliance on ‘available anywhere’ technology exploded, a potential recession and other market factors leave SaaS businesses scrutinising the ability of their operations to survive.
Factors such as a saturated market and challenging economic headwinds are threatening to bring an end to the SaaS ‘sugar rush’. Niall Kiernan of Vertex considers how businesses in this sector can prepare.
MTD's mandate for digital record-keeping has driven tax departments to invest in software and tax technology, removing legacy manual interventions and workarounds, with far reaching results.