Evaluating Cloud Accounting Software
The cloud computing concept is really very simple. The software programs are on the World Wide Web which accounting firms do not need to manage, install, or buy. There is no need to hire IT professionals because these firms only need a robust internet connection and a browser. Network switches, operating systems, applications, and servers are unknown to these accounting firms. For these organizations, such things belong to the cloud, the World Wide Web, and the cloud computing supplier.
An accounting firm can benefit from cloud computing in different ways. One, the overhead is quite low. System administration, upgrades, and maintenance become the responsibility of the supplier and everything happens in the cloud. Therefore, the firm does not need pay a supervisor to monitor any software/hardware work which usually occurs during weekends or at night. For a small firm of 100 employees, cloud computing software usually costs 50% less than software installed in the firm’s premises in a span of 4 years. Read More
Infographic Source: Financial Force