Impact Of Cloud Accounting : A Solution For Today Busy Business Environment

This case gives us a fundamental understanding of the concept of cloud computing and presents the advantages and issues of this IT infrastructure. This case gives a clear vision of the company’s current situation. Three main questions to consider

Cloud computing offer services that are available wherever the end user might be located. Telecommuting is becoming a popular option that employers are offering and cloud computing makes it an even better idea to implement knowing that the data is stored in a secure location. No matter where you are in the world, you can access your cloud based applications. This is also another way for businesses to save money in their budget as not all the employees are required to be in the office, so they do not need as much space or such a large building to accommodate all their employees. This allows businesses to save on rent, utility bills and office equipment.

Cloud computing is provided by an outside organization; it takes the place of an existing system, usually an internal network, and moves it to a web based service where all information in the company will be processed and stored. Internal IT infrastructures can be costly due to maintenance and personnel. Cloud computing reduces costs by removing the need for an internal system and the people to run it.

Some of the immediate advantages of cloud computing involve lower equipment costs, scalability and online collaboration. A company can take advantage of cloud services without major upgrades to their existing equipment and infrastructure. Using a web browser, most company employees can access “Software as a Service” or SaaS. This service runs on a cloud provider’s server with no installed on the local server within the organization.

Cloud computing is a new technology. However like all technology it comes with both benefits and drawbacks. Cloud computing can be seen as a beneficial tool for businesses for several reasons. To begin, cloud computing provides convenience to users because of its low cost and minimum equipment requirement. Another benefit is that Cloud computing provides an almost unlimited number of possibilities for users to use a variety applications over the Internet. The applications of cloud computing are practically limitless. Multiple users can collaborate on any document or project in the cloud and enjoy the fact that cloud computing allows you to customize your business applications.

Cloud computing has grown in popularity to the point that it is now becoming the preferred method of the business community for accessing services on the Internet. This paper examines the reasons for this growth and explores the benefits and drawbacks of this technology.

This report will be exploring what cloud computing is, the usages of cloud computing, a comparison of organisations that offer cloud services and their architectures, an explanation on how a typical software company may benefit from having a cloud implementation, a description of a challenge that cloud computing has in research and a description of a challenge in a commercial adaptation in connection to cloud computing.

Cloud computing is a novel tool that provides an opportunity for large or small business owners based on an entirely new business model. The term cloud computing itself is a familiar term, however, the specific meaning can be difficult to define. This paper discusses several facets of cloud computing topics to include cloud benefits, characteristics, as well as service models.

There are numerous amounts of benefits associated with the adoption of the cloud. Some of these include, cost effective, easy maintenance and manageability, backup and recovery, easy access to information, flexible capacity and less environmental impact. Cloud computing is cost effective because there is no need to spend money on hardware and infrastructure. Also, due to the fact that cloud computing services offer the choice of paying for what you use, a company can in turn save money. According to Calder (2010),” In only paying for the resources used, operating costs can be reduced”

Despite its growing importance and necessities, cloud computing has several drawbacks and disadvantages. People need to think twice when it comes to cloud computing. They need to ask themselves questions like whether it is convenient or not, whether it is right or not, whether it is safe or not. No doubt that everyone is getting into it, but still there are several factors that have to be considered like:

The purpose of this briefing report is to provide an overview of what cloud computing is and how it can apply to a business or organisation. This document goes over what cloud computing is as well as it’s benefits and drawback. The benefits are in relation to the cost efficiency, accessibility & portability, as well as the security & data protection that cloud computing provides. The drawbacks are in relation to the potential threats to the cloud, Privacy and consumer risks as well as the cloud being only accessible when an internet connection is present.

Cloud computing comes in three distinct implementations or models, each with its own pros and cons. The advantage is that each can be tailored to meet a specific need. The three different implementations are Infrastructure as a Service (IaaS), Platform as a Service (PaaS) and Software as a Service (SaaS). In IaaS, an organization uses the cloud to provide virtual resources, such as storage space for data or online databases. Amazon’s Simple Storage Service (S3) is an example of IaaS, with customers utilizing the S3 cloud to store information. PaaS implementations run on top of IaaS, giving the organization flexibility to implement customized applications, such as specific portions of Google apps. Finally, SaaS is the transition to almost all operations to the cloud. In SaaS, a small blade system is used to connect to the cloud through an Internet connection where all the software and major computing power is stored. Instead of having an OS installed on each desktop system, the OS and everything else needed is stored on the cloud servers and accessed through a web browser or custom plug-in. (Neamtiu & Dumitras, 2011)

The purpose of this report is to analyses the viability on investing in cloud accounting technology with MYOB emphasizing in the working relationship between Xer Accounting and clients. . the method used includes a definition of cloud accounting, deepening on the services that providers offer and differentiating deployment models they use. Benefits are

• Reduced Cost: Cloud technology is paid incrementally (you pay just for what you need), sparing organizations cash in the short run. Cash spared can be utilized for other vital assets.

Cloud Computing is the use of common software, functionality or business applications from a remote server that is accessed via the Internet. Basically, the Internet is the "cloud" of applications and services that are available for access by subscribers utilizing a modem from their computer. With Cloud Computing, one simply logs into desired computer applications - such as sales force or office automation programs, web services, data storage services, spam filtering, or even blog sites. Generally, access to such programs is by monthly or annual paid subscription. Through Cloud Computing, businesses may prevent financial waste, better track