Revolutionizing the Accounting Industry through Cloud

Grazed from CIOReview. Author: Dr. Chandra Bhansali.

The desktop computing era gave us Do-It-Yourself (DIY) accounting systems created for small business owners. Accountants have become accustomed to working with their clients’ DIY accounting software solutions, despite their inherent risks and limitations. Now, cloud-based professional accounting systems let accountants overcome these challenges.

Unlike DIY systems, these professional systems combine the functionality of current DIY systems with the more sophisticated capabilities accountants need for their professional work. These systems allow accountants to work collaboratively with their clients, while they remain in the control of accounting process–a true win-win...

While nearly 40 percent of accountants want to update their current offerings in order to remain competitive, many have been slow to adopt the cloud because they’re unaware of the benefits that it offers...

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