The world today is becoming more technologically advanced. Internet use is becoming a more integral part of businesses today. A new way that businesses have started to utilize the internet as a business tool is through cloud computing. “Cloud computing is a model for enabling ubiquitous, convenient, on-demand network access to a shared pool of configurable computing resources that can be rapidly provisioned and released with minimal management effort or service provider interaction” (NIST, 2011). This network provides a business with the ability to have a common remote third party connection which they can perform all necessary accounting work. All accounting work that is processed and completed on the cloud is referred to as cloud accounting. The reason businesses use the cloud is to store and organize information that a company obtains to place in a common location. It can be related to a file cabinet that can be accessed from anywhere connected to the internet.
The origins of cloud computing dates back to the 1960s around the time computers were introduced. It was unknown specifically what cloud computing was until 1997 where Ramnath Chellappa, information systems professor, used the term “cloud computing” and placed a definition behind it (Cantu, 2011). After the introduction of what cloud computing does companies began switching to using these services to benefit their own company. Statistically, “in 2009, revenue for cloud services was just over 58.6 billion” (Cantu, 2011). The growth of cloud services is capturing more of the market where in 2011 cloud computing accounting is opening up on the global market at 2.3% with plenty of room to grow (Cantu, 2011).
In recent years, the use of cloud accounting has drastically gr...
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... utilized accordingly. One of the top priorities of CCH Axcess is data security. “The managed data center environment is hardened with firewalls, secure network architecture, and intrusion protection devices” (CCH Axcess, 2013). The concern of security is captured by the multiple walls of protection to keep data safe where it can’t be stolen. The second concern of cloud accounting is integration challenges. CCH Axcess has its own Open Integration Platform which integrates with virtually any third party application (CCH Axcess, 2013). Sassetti LLC has experience all benefits the cloud can offer to a business which will help them grow. The concerns of CCH Axcess have been assessed through the database result in positive data security. Cloud Accounting has provided businesses with a more organized structure of work and made the relationships better with their clients.
Data Analytics has significantly grown in less than two years, this quick growth has caused the company to evaluate the IT environment and its ability to support the growth and secure the data of the company. The CEO is expecting the company to grow 60% over the next two years; with the success of the company it has been determined that a change to the current IT environment and infrastructure must occur to better support the employees and the customer base.
As its core essences cloud computing is nothing but a specialized form of grid computing and distributing computing’s which various in terms of infrastructure , deployment, service and Geographic’s dispersion (Veeramachanenin, Sepetember 2015) the cloud enhance scalability, collaboration, availability , ability to adapt to fluctuation according to demand accelerate development work and provide optional for cost reduction and through efficient and optimized computing. (BH kawljeet, June 2015) cloud computing (CC) recently become as a new paradigm for the delivery and hosting of services our the internet. There are mainly three service delivery model Software as Service (SaaS) required software, operating system and network is provided or we can say in SaaS the customer can access the hosted software instead of installing it in local computer and the user can access these software through local computer internet browser (e.g web enabled E-mail ) the user only pay and the cloud service provider is responsible for management or control of mobile cloud infrastructure some of the company which provide such service are Google, Microsoft , Salesforce ,Facebook, etc…..Infrastructure as Service(IaaS)the cloud provider only provide some hardware resources such as network and virtualization is
The scope of this project revolves around the addition of new resources and expansion of existing systems and hardware. This will provide an avenue for a larger entity that has the capability to deliver in an efficient and effective manner. A hybrid model such as cloud technologies will provide the appropriate structure relevant for a large and growing entity as per the proposed merger. A cloud technology can be hosted within and outside the entity for security reasons and maintenance issues. It assumes an important role in terms of costs reduction for the entity given that it results in the reduction of the number of personnel that would be tasked with maintaining and securing the in-house database and systems. Labor and subsequent resources usually result in higher costs of operation within the entity, which in turn hurts the profit margins and possibly the strategic objectives, and goals of the organization (Hallows, 2002).
INTRODUCTION: With cloud computing, Amazon has enabled the usage of internet and central remote servers to maintain data and applications and created an environment where connectivity and availability is unobtrusive and prevalent. Amazon offers two options for hosting applications and databases. Amazon EC2 with Elastic Block Storage allows one to run a MySQL database server on Elastic Compute Cloud, an Infrastructure-as-a-Service provider, with Elastic Block Storage (EBS). Meanwhile, another option called Amazon’s Relational Database Services (RDS) is a scalable relational database in the cloud with high availability.
Cloud accounting is the use of accounting software where the software and the data are hosted on the cloud. The accounting software stored on remote servers is cloud accounting software, (Beal, 2017). It brings about accounting competence to organizations in a similar form to Software as a Service (SaaS) business model. Data is sent to the "cloud," where its processing takes place and then is sent back to the user. All the application tasks are conducted offsite.
Creating an effective IT system, and then aligning it to business objectives, reignited Charles Schwab’s growth. It’s important that other companies do the same to ensure IT success. To do so, companies must emphasize simplicity in the IT plan, outsource capabilities when needed, and then create end-to-end accountability for the system.
It would be very difficult to ignore the potential benefits of cloud computing, but it also brings a number of new and worrying risks. Following are typical control requirements or opportunities that businesses may need to consider when considering a move to the cloud
Christauskas, C., & Miseviciene, R. (2012). Cloud -- Computing Based Accounting for Small to Medium Sized Business. Engineering Economics, 23(1), 14-21.
Instead of purchasing infrastructure equipment, companies can buy resources as a fully outsourced service on demand by using IaaS cloud computing. According to Kepes, some sub-categories are worth noting for IaaS as it is as public that consists of shared resources, deployed on a self-service basis over the Internet (Kepes, 2013). For example, Amazon is one of the largest IaaS providers. The line between PaaS and IaaS is becoming more blurred as vendors introduce tools as part of IaaS helps deploying multiple types of clouds. Kepes stated that moving to cloud infrastructure has given him more peace of mind where his company had a part-time systems administrator working on their sites. The systems administrators will make minor changes as they see fit and respond to any downtime within minutes to fix the problem.
When they wanted to save photos online instead of on your personal computer, they are able to use “cloud computing” service. Cloud computing means that the transfer of computing data or information over the internet. Not just to keep data in your personal computer, they are able to save the data on internet server to open their data in any computer. In this report we will walk through about what is cloud computing, what kinds of model did cloud computing have, types of cloud computing, benefits of cloud computing, and security.
To conclude, the greatest worries about cloud computing are security and protection. The thought of giving over essential information to an alternate organization stresses some individuals. Corporate executives may waver to exploit a distributed computing framework on the grounds that they can't stay with their data secure. It profits these organizations to have solid efforts to establish safety set up. Overall, the administration might lose all its customers. It's in their enthusiasm to utilize the most progressive strategies to secure their customers' information.
Traditional desktop software costs companies a lot in terms of finance adding up the licensing fees for multiple users can prove to be very expensive for the establishment concerned. The cloud, on the other hand, is available at much cheaper rates and hence, can significantly lower the company’s IT expenses. Besides, there are many one-time-payment, pay-as-you-go and other scalable options available, which makes it very reasonable for cloud compu...
In cloud computing, the word cloud is used as a metaphor for “the internet”. So the cloud computing means “a type of internet-based computing”, where different services such as servers, storage and applications are delivered to an organization’s computers and devices through the internet.
RG & Co Chartered Accountants, 20 Business Benefits Cloud Accounting has over PC software. Available at: . [Accessed 20 November 2013]