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Cloud Computing for Accountants: What do you love, loathe, fear or doubt? Enter your comments below.
We know many accounting firms who are embracing cloud computing, both in their firm and in advising clients. On the other hand, we also know many firms who have their fears and doubts about aspects of cloud computing. And in between, plenty of firms are putting a toe in the water by using some cloud apps, whilst keeping their core practice management, tax and workflow software server and desktop based.
Which way should your firm go? And why?
We have our Beerstorming series fast approaching in September. (Book here for Sydney, here for Melbourne, here for Brisbane if you haven't already.)
To help our stellar line up of panelists prepare, enter in the Comments section below your questions and comments, whether you are pro-cloud, anti-cloud or neutral, tell us what you like, what you dislike, what concerns you, what you're still wondering about regarding the benefits or side-effects of using the cloud.
In other words, let rip. READ FULL ARTICLE
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from our laptops and iPhones.
cloud systems don't talk to each other in a logical way, its a big WHY NOT? from me. Despite all that, bring it on!
of other programs (eg Workflowmax/Xero/Capsule) – encouraging a best of breed environment (minus the multiple databases and clunky integrations)
a deep seated source of resistance to moving client information and transactions to the cloud. I suspect the real driver will not be the accounting firms but their clients. And the firms that capitalise will be those who work to understand it and help their
clients understand. Pro cloud but not for everything. It's about understanding the risks and choosing what is acceptable.
a Mac!
has been a concern. We feel that cloud providers who remove this risk by offering a “press here to download all your data” feature will win the favour…and loyalty… of subscribers. It will us! Server migration will be much easier because no longer will we have
to engage consultants from software suppliers for days to transfer their precious system……sometimes that process seems to resemble a cross between a live organ transplant and bomb disposal…….will we even need a server for much longer? If a definition of “cloud”
includes “Browser based stuff that helps us work together better and that’s fun to use, regardless of Mac or PC” then we’re interested. We “Like” (sorry for that pun ;) ) Xero, Dropbox, Evernote, Facebook, Twitter, WorkflowMax.
to persist with a bad system just because its too expensive to change. Well done MC on organising "Beerstorming", should be a great event.
and Xero is brilliant. These apps are acting like (the Holy Grail of) one database. I like it, I like it a lot. Thanks to everyone for your comments so far. Feel free to add fears/concerns too -- e.g. the one Cameron Patterson (re getting a copy of the data)
is a good one. Will be great to see the panel and fellow Beerstormers in action in September. Diverse views are great. I have a feeling we will all learn about some great apps and tools too.
world, and recognised there are much better ways to operate. It won't be long before our internal servers diminish significantly or disappear completely, and everything we do happens in the cloud.
benefits to your practices and your clients wholeheartedly now. The future is approaching fast! Thanks @PracticeParadox for inviting me to comment, much appreciated.
we have been able to achieve with our database hosted internally. The reason that we have been able to do this for such a long period of time is that we have maintained in-house expertise and familiarity with the nuts-and-bolts of our software. The way that
cloud computing is currently pitched does nothing but harm our ability to take this "tinkering" and innovative nature forward. The level of abstraction that "putting it in the cloud" offers has a nasty side-effect of removing our local knowledge of how the
system *actually* works, which in turn, hampers our ability to be as “leading edge” as we would otherwise be. This is not to mention the technical restraints or hurdles of integrating databases and systems across the wire. On the other hand, for large organisations
or organisations whose have a core IT strategy of reducing the costs of delivering *base* systems then an offsite solution of either hosted software (SAS) or a hosted environment makes a lot of sense. The difficulty though is what to do when you hear the phrase
“I’m sorry you are not connected, it is a problem with our upstream provider, we will tell you when it is resolved as soon as we know.” And the other issue of being careful to comply with the National Privacy Principles #9 (http://tinyurl.com/3tmf5mt). It
isn’t all terrible though, as we are currently testing the water with our superannuation processing using ClassSuper, the integration with external institutions has promise for what the future holds. I just wish that the certain organisations would get off
their collective asses and give us some of the SBR (http://tinyurl.com/3ge8uqs) goodness we were promised what seems like a long time ago. The trend seems to be going towards a “cloud” solution; I just don’t want to have to lose all the good things that we
already have or be at the mercy of a third party.
what are the legal issues around privacy of information and trust that we won't abuse that information? Also, we need to understand what happens to our data in the cloud if the provider goes "missing" ie. future access/use of this information. The benefits
for the accountant are well worth while investing in - immediate access to client data without having to tell them that you're having a quick look at their ledger.... wow, how proactive!
fix the problem? Many large multinational cloud providers have been down - including Google, Amazon, Microsoft, etc. If everything is in the cloud, how much will this cost your practice in lost billable hours? And then there are the issues of data security
(do you need your own copy?), physical location of your data (legal issuess to consider), ownership of your data and ability to retrieve (if not happy with service or provider goes bust). Having a service level agreement in place that meets the practice's
needs is critical. Using Xero or Saasu for client work makes real sense.
the solutions. 'Perception management' is as much a part of it as are the black and white details. Security, redundancy, link failure, cloud lock-in, application support, system flexibility, contract terms and conditions, statutory compliance - come along
and fire away with whatever questions you may have.
security (though I think some of the big companies behind cloud have far better security than most accounting firms have) but I believe the benefits outweigh the negatives. Looking forward to discussing this further.
all things to all users.
these places are. Power outage?-your computer won't work anyway, take a break. Speed? Maybe an issue, but not for too long. Seriously, what else is there?
soon, will it work out west, I've just spent $1800 on MYOB. Haven't had anyone directly talk about cloud concerns, maybe because we're not really focussing on that aspect.