Cloud Technology
Let’s have a discussion on Cloud Technology where in storage is moved to the Cloud without the need for any Hardware or Software and not even Maintenance to the user. Cloud means online networking whereas Cloud Accounting means Accounting on the Server. Cloud Accounting refers to the Accounting maintained at the server, all the services are borne by the Cloud service provider. The only cost to the user while using Cloud Computing is “Pay On Use Basis”. Why the User should move to the Cloud Accounting, this is we are going to discuss over the whole Article.
3 Reasons why one should move from Traditional Accounting Practice to the Cloud Accounting Service
It is very important to discuss over here why is so urgent to switch to Cloud Accounting Service:-
1. Accessibility
In the Traditional Accounting Service where in one must need the Hardware Devices and Software to run with the technology. There in User can only access his hardware device in one place only but cannot use this Accounting service at any other place. In short, 24*7 Availability and Accessibility is not available in the Traditional Accounting Equipped Software.
Where as under Cloud Accounting Software, 24*7 Availability and Accessibility is available at a reasonable cost. Cloud Accounting is a reliable Service given by the Certified Client service provider assuring the Quality service while maintaining the User Data and provide them all accessibility that user needs in particular. A user is not deprived of using the service of Accounting when data is provided at the Sever on the Cloud.
Any Remote device like Laptop or any Smart Phone and so on, all these are easily compatible with the Cloud Service Technology. It is not like where in only one stable device (Say, PC) will be in operation for using the Accounting Service. Cloud Accounting Service provides the user Accounting platform at any time and at anywhere. It is more attractive and even more beneficial to the user who wants to use the system in a User-Friendly System. Nowadays, Accounting without IT is feasible due to its inherent services to the user in a friendly manner and at a reliable cost. Even more, the best Connections are given on behalf of the Cloud Service provider.
Not only to the user but also to the Accounting team, it is also benefitted by the system cloud Accounting. Upgradation and maintenance are provided at the Client Service provider end as well. All the required service is given at one platform at a reasonable cost.
2. Economical (Cost Saving)
In-house Technology infrastructure is reduced in the Cloud service Technology as Maintenance or new devices or Accounting Software are the responsibility or Accountability of the Cloud service provider wherein replacement of all devices are made. No extra fees or expenses are made on the part of the User as it is the whole accountability of the Cloud Accounting Service Provider. This is the attractive features of the cloud computing wherein user can invest the least amount of money on the model of “ PAY ON USE BASED”
In market-driven technology, Accounting software has its own cost at peak. Moreover, Maintenance cost also equivalent to Buying the Software. So I think you can think now what is the actual cost one has to bear while keeping in mind the features of the Cloud or Online Accounting Technology. No Infrastructure cost and no Maintenance cost lies in the acquisition of the service of the Cloud Service Provider as it is the accountability of the Cloud Service Provider.
3. Security and Time Saving
In terms of the security perspective, Cloud Accounting solution has its own solution to maintain all their equipment with advanced security features as this is its Inherent qualitative features. Let’s have a discussion over the security features:-
- Encryption Technology
This is an advanced technology wherein data is protected if you get lost or intrude by the unauthorized person.
- Multiple Servers and Data Backups
Auto Backup of data and the Multiple servers operate at the different locations for Data protection and safeguard. It is the inherent feature of the Client service provider technology.
Fear of the unauthorized use of the data by the intruder is unacceptable to any of the users. So every system is designed keeping in mind all the security features while maintaining the accounting data in the system.
A lot of hacking instances have come out these days with the more use of Cyber Technology usage and criminal cases are on the peak while using Information Technology on confidential information.
Locking features are also a part of the security features that the cloud service Accounting model also provides at their end with the more encrypted feature of the data. Cloud Service Accounting allows the user to have their confidential data protected at their end. Cloud Service provider of Accounting ensure that Authorized person will only be allowed to use the data and that confidential data can be protected on the behalf of the User by the Cloud Accounting service provider
A big sigh of relief is ensured from the part of the Online computing service provider wherein ensuring of data quality and confidentiality is at their end. No unauthorized user can access the data if the protection shield is on from the Server provider of Accounting.
- Storage
Storage of the data is important to any business or corporates. Cloud Accounting ensures storage will be automatically done on the part of the Cloud service provider. No extra or additional infrastructure cost is levied to store the data and making things easier for the recovery point as well.
With the usage of the Cloud service online, huge cost on infrastructure is saved with the assistance of the cloud server infrastructure that ensures reliable storage at no cost of its usage. Business continuity.
- IT Infrastructure
While using the Cloud/ Online Accounting service, Cloud service providers ensure that no further IT cost either in terms of Infrastructure or Storage or Technical manpower required when we come to the use of Online Accounting.
4. Business continuity
Online accounting services ensure that Data will be protected at the Cloud Server end if a disaster occurred on the Accounting system as they maintain different types of Back up plans that help the user to retrieve the data with ease without having much investment in the infrastructure cost. If we talk about the Traditional Accounting system wherein its all upon the user to maintain the data and data retrieval is not possible in the event of the disastrous conflict.
Conclusion
By analyzing the Cost-Benefit technique, the Accounting service Provider must see the cost-benefit. Efficiency is at the peak while using the Cloud Server Model wherein cost is levied on the basis of the Pay Used Basis. Disaster Recovery has occurred when the data is lost and all that can be easily recovered with the help of the Online Accounting Server. As it provides its service as a portfolio
You can avail of the service of cloud Computing from the AKT ASSOCIATES at a reasonable price. Cloud Service Provider ensures the security, Reliability, and Accountability of the data at their end itself.