Cloud Computing for Canadian Accounting Firms

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Cloud Computing for Canadian Accounting Firms
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Cloud Computing

• Cloud computing is the practice of using computer
  hardware and software applications delivered as a
  service over the Internet. It allows you to store
  files and use applications using many different
  devices connected to the internet from many
  different locations.

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How youre already using the cloud and dont even
know it

• Cloud Based Email - Checking your email on your
  computer and also from your mobile using an app.
• Using Dropbox from your computer and mobile to
  share data with your colleagues.
• Using social media websites (like Facebook,
  Twitter) from your friend's computer as well as
  on your mobile and laptop.

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• For tax and accounting professionals, Cloud means
  to securely storing and accessing accounting data
  by using an online accounting software.

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What is Cloud Accounting?
Cloud accounting means accessing your online
accounting software using your web browser over
the internet. It runs on remote server and you
can access your business financials from anywhere
using any device connected to the internet.
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• According to Forrester Research, the public cloud
  market is estimated to reach 191B by 2020,
  growing significantly from 2013s market size of
  58B.

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Investors were asked to rate their confidence
level in each sector. Confidence levels were
measured on a scale of 1 to 5, with 5
representing the most confidence. 
Global venture capital investors
are most confident in cloud computing (4.18).
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Benefits of Cloud Computing for Tax and
Accounting Professionals
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Cost and Time Saving

• No need for expensive computer equipment and
  server to be installed in the office.
• No need to pay for software updates and server
  maintenance.
• This cuts hardware, software and energy costs and
  also, more basically, saves on space in an office.

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Flexibility, Convenience and Efficiency

• Get access to your accounting data from anywhere
  from any device connected to an internet.
• Cloud technology helps you better collaborate
  with your colleagues working in multiple
  locations.

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Safety and Reliability

• Cloud technology offers great security and data
  availability in case of disaster or emergency.
• Cloud service provider takes multiple and
  continuous backup of data for such situations.

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Moving your Business to Cloud Computing?

• The most important aspect of moving to Cloud
  Computing is finding a renowned service provider
  who can answer all your questions and make sure
  that you get a service that works for your
  business.

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Cloud Service Provider for Accounting Firms in
Canada

• Welcome Networks provides the best cloud solution
  to bookkeepers, accountants and accounting firms
  to access accounting software on private cloud.
  Work smarter and faster while simultaneously
  increasing your overall productivity.

For more information, visit http//www.welcomene
tworks.com/for-accounting-firm.htm
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• Cloud makes accounting in real time and
  up-to-date. Make sure your company keeps pace
  with IT growth and change.

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References

• http//www.cpaireland.ie/your-business/business-re
  source/technology/how-cloud-computing-can-benefit-
  accountants
• http//www.forbes.com/sites/louiscolumbus/2014/12/
  26/kpmgs-2014-cloud-computing-survey-enterprises-q
  uickly-moving-beyond-cost-reduction-to-customer-dr
  iven-results/
• http//www.forbes.com/sites/louiscolumbus/2015/09/
  19/cloud-computing-dominates-deloittes-2015-global
  -venture-capital-confidence-survey/