Today is our first day at the CT CPA Technology Conference. During the morning general session, Brian Tankersley from Tankersley Consulting (check him out on Twitter!), touched on some key technology focused points. He discussed the nitty gritty of technology in the accounting space and went into great detail over CPUs, hardware, data security, and operating systems. One thing that stood out was his point that on-premise software has an expiration date. He was speaking about the Windows operating system and not accounting software but it made us think about cloud vs. on-premise.
During our discovery process with prospects we commonly hear that they want to transition from on-premise to a cloud-based accounting software environment. There are many reasons why they might want to move in this direction, for example:
- They want to be able to work in a remote environment, this opens the door for a better work/life balance
- There is a need to have access to their data at any given point from anywhere
- Case in point, our client VirMedica, see their case study here >
- Automatic product updates (i.e. Sage Intacct executes four major product updates a year)
- Removing the need to store data on location and on your computer
As the cloud is becoming more mainstream, organizations are more accepting of cloud-based technologies. In fact, in 2016 the average organization used at least 13 cloud-based platforms. Stop and take a moment to think about how many cloud-based programs you use daily in the office.
We have a common theme that comes up time after time our blog that discusses all things cloud in the accounting space - - - below is a few of our cloud-based blogs that you might find interesting:
IS YOUR HEAD IN THE CLOUDS --- BETTER YET YOUR ACCOUNTING SOFTWARE?
Software companies are turning to the cloud to achieve greater growth and reduced integration issues. Investing in cloud-based software will enable your organization to have accelerated digital innovation, while at the same time seamlessly connecting interdepartmental communications. Today’s advanced cloud solutions are extremely open, and allow for the frictionless movement of information from system to system. Each department can make the best choice for their needs to maximize performance. Read more here >
CLOUD BECOMING THE STANDARD FOR BUSINESS ACCOUNTING
Cloud computing. It's one of the most buzzed-about technologies of all time, and yet it's really not over-hyped - the cloud has had a tremendous impact on businesses of all kinds, in every sector. And its influence doesn't look likely to deteriorate at any time in the near future. Read more here >
5 WAYS OF KNOWING THAT YOU’RE OUTGROWING QUICKBOOKS
If you’re transitioning from a small business to a medium-sized organization, and you are on QuickBooks, you may have already felt limitations and growing pains. We wrote an article last year for Accountex Report that talked about when it's time to change. "It is not surprising that applications like QuickBooks have millions of users. Most founders, when they are getting started, are simply looking for an easy and inexpensive way to get their vendors paid, send invoices to their customers, and prepare a simple P&L at the end of the month or quarter. And even well-funded start-ups, with aggressive growth plans and experienced investors, often start with applications like QuickBooks, as they appear to meet their needs." That's why it is important to know when it's time to step up to a more robust accounting solution. Read more here >