The Lighter Side Of The Cloud – Disaster Recovery
The Lighter Side Of The Cloud – Waiting For The PS4
The Lighter Side Of The Cloud – Misunderstanding

Why Are Accounting Firms Cautious To Shift To Cloud Computing?

Why Are Accounting Firms Cautious To Shift To Cloud Computing?

A lot of accounting firms are reluctant to shift to cloud computing primarily because of concerns regarding service quality, cost, customization, and integration problems. Initially, these concerns may be a problem for the adoption of cloud computing but suppliers are swiftly releasing new products and services to allay these issues.



Accountants have their own way of doing things and as long as this doesn’t run contrary to accounting principles and standards then they are free to come up with easier means to finish their accounting jobs. Therefore, a problem which accountants foresee when they shift to cloud computing is that they may encounter customization problems. Thus, software suppliers like Intacct and NetSuite have created tools to help accountants with their customization needs. As more and more software applications are released by different suppliers, accounting on the cloud can proved to be easier than the traditional software applications found in the accounting firm’s office.

Data integration is another concern why accountants are wary about shifting to cloud computing. Software on the cloud can entail additional steps a software user must take in order to access cloud computing applications and it can be time consuming maintaining such operations especially when there is large number of applications a user must run. Usually, cloud computing software applications have insufficient integration tools, middleware, and APIs (application programming interfaces) which are often generously provide by applications on-site. However, with such innovative middleware products like Dell’s Boomi, SnapLogic, and Informatica, integration to cloud computing applications have become extremely convenient.

There are accounting professionals who believe that cloud computing systems are actually more expensive in terms of TCO (total cost of ownership) as compared to on-site options although initial costs of cloud computing are generally lower than the traditional accounting applications on-premises. However, extremely high initial costs for on-premise applications can’t be afforded by small companies. Monthly subscription fees, which cloud computing offers, are more empowering to such companies when they can’t afford on-premise applications.

It should be noted also that these low monthly subscription fees can prove to be more expensive in the future because companies may opt to upgrade to larger packages which will eventually add up to thousands of dollars annually. In this light, suppliers of cloud computing applications are quick to explain that such applications are really worth the cash a company pays. Any software which can save money and time for the business are justified of its price tag. Accounting firms must look into the value of the service rather than the cost.

Another great concern of accounting firms is the advantage of having on-location IT professionals who are concerned about the business because they can provide more value than any vendor supporting a lot of customers. In the end, accounting firms must compare the value of outsourcing its IT to the value of maintaining IT professional on-premise. Most accountants will surely prefer having their IT services outsourced because maintaining a team of in-house IT professionals can be such a headache. Choosing a software application is difficult but with cloud computing, the prospects are better. Accounting firms may have their hesitations but with the continuous development of software tools to make the shift to cloud computing easier, it may not take long before accountants decide to move to cloud computing.

By Florence de Borja

Sorry, comments are closed for this post.

Popular

Cloud Infographic – Interesting Big Data Facts

Cloud Infographic – Interesting Big Data Facts

Big Data Facts You Didn’t Know The term Big Data has been buzzing around tech circles for a few years now. So much, in fact, that you’re probably getting sick of hearing about it. Here are some interesting facts you might not know about big data via The Visual Capitalist: Big Data got its start in the…

Wearable Tech – Will It Ever Be Fashionable?

Wearable Tech – Will It Ever Be Fashionable?

Wearable Tech – Will It Ever Be Fashionable? Wearable tech is taking over the world, and in that sense, it’s already fashionable. As we noted last week, the sector is expected to grow from $14 billion in 2014 to $70+ billion in 2024. But what about ‘high-fashion’? The catwalks and runways of London, Paris, and Milan? Can…

2014 Future Of Cloud Computing Survey Results

2014 Future Of Cloud Computing Survey Results

Engine Yard Joins North Bridge Venture Partners, Gigaom Research and Industry Collaborators to Unveil 2014 Future of Cloud Computing Survey Results SAN FRANCISCO, CA–(Marketwired – Jun 25, 2014) – Engine Yard, the leading cloud application management platform, today announced its role as a collaborator in releasing the results of the fourth annual Future of Cloud Computing Survey,…

The Global Rise of Cloud Computing

The Global Rise of Cloud Computing

The Global Rise of Cloud Computing Despite the rapid growth of cloud computing, the cloud still commands a small portion of overall enterprise IT spending. Estimates I’ve seen put the percentage between 5% and 10% of the slightly more than $2 trillion (not including telco) spent worldwide in 2014 on enterprise IT. Yet growth projections…

The Cloud Above Our Home

The Cloud Above Our Home

Our Home – Moving All Things Into The Cloud The promise of a smart home had excited the imagination of the movie makers long ago. If you have seen any TV shows in the nineties or before, the interpretation presented itself to us as a computerized personal assistant or a robot housekeeper. It was smart,…

Recent

The Importance Of Cloud Security For Wearable Technology

The Importance Of Cloud Security For Wearable Technology

Wearable Technology Starts With Cloud Security The integration of wearable technology into our society is all but inevitable. Today, major players in the wearable tech field include Google, Fitbit, Boston Scientific and Apple. As users continue to demand ever increasing availability and functionality from their devices, so do security concerns for wearable tech. The future…

Customer Success Guidelines – In A World Gone Cloud

Customer Success Guidelines – In A World Gone Cloud

Customer Success Guidelines for Maximum Upselling and Cross-Selling in a World Gone Cloud With the growth of the subscription economy, companies can no longer assume that a sale means that the deal is closed. Companies need to prove their worth every minute of every hour, every hour of every day and so on. A big…

Why You Should Be Concerned About Drone Security

Why You Should Be Concerned About Drone Security

Why You Should Be Concerned About Drone Security Over the past decade, drones, also known as UAVs (unmanned aerial vehicles), have become a fact of life. Beginning as underpublicized but extremely effective items in the U.S. military’s arsenal, drones have since come into wide use by government agencies for everything from geographic surveys to law…

Contact Us

Sending
cisco_logo_100x100 vmware citrix100
Site 24x7 200px-KPMG


Contributor Spotlight

Established in 2009, CloudTweaks is recognized as one of the leading influencers in cloud computing, big data and internet of things (IoT) information. Our goal is to continue to build our growing information portal, by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

Branded Content Programs

Advertising