Question

What are some of the advantages of the cloud-computing feature of integrated accounting software? What are some of the disadvantages of a hosted solution?

Answer 1

The cloud-computing feature of integrated accounting software has offers for both the users and the businesses of all types:

Cost effectiveness: As the cloud computing comprises of the all software and servers and the client do not require any separate equipment, so it is very cost effective for the users.

On-line availability of the service: As the facilities of the cloud-computing accounting software is available on-line, so it accommodates all the services to the user at any geographical locations.

Cloud backup and recovery easy: The backups and recovery of the data is made easy on the cloud storage and no outside device is used to save data.

Large capacity to store data: Under the Cloud accounting computing, the availability of the storage space on cloud is unlimited.

Performance of package: The architecture of the cloud accounting is on excellent accounting and performance of services as compared to the other accounting packages. The magnitude of the performance of the cloud can be judge by vast scale of deployment of data on the system.

Resiliency redundancy services of cloud: As the cloud provide resiliency redundancy services, according to which software works on the automatic and risk-free environment, which helps the recovery of data easy.

Links with other facilities: The cloud accounting software provides facilities of getting linkage with the co-related facilities like e-mail, Google, social sites, etc.

The disadvantages of a Cloud host accounting services are:

Any where, any time access: As the cloud provides the services at anywhere and anytime basis, so technical faults can occur if operated on different operating systems.

Hacking attacks: The company’s data can be attacked by the hackers as the data and storage is on the universal platform.

Security risks attached: The security or the passwords of the accounting package can be broken easily and sensitive information can be leaked out.

Connecting past data: As the cloud is the fast and dynamic software, so it become very difficult to connect it with the past records/data, which can create a lag in the accounting operations.

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