3. Cloud Computing
• What is it?
• Why is it happening?
• Disruptive Technology
• Cloud Software to run your practice
• Cloud Accounting Software
• Conclusion
4. Cloud Computing – What is it?
Internet Technologies
High Level Definition:
“Cloud Computing involves vendors
supplying computing services to lots of
customers over the internet”
•Software as a Service (SaaS)
•Cloud Types
5. Cloud Computing – What is it?
Software as a Service (SaaS)
Delivering Software programs over the
web
Platform independent
Any web browser or operating
system
Pay As you Go
SMEs
6. Cloud Computing – What is it?
Cloud Types
Public Cloud
Private Cloud
G Cloud
Hybrid Cloud
7. Cloud Computing – Why is it happening?
• Broadband
• Web Technologies
• Server Hardware/Software
IaaS
9. Cloud Computing – Why is it happening?
Infrastructure as a Service (IaaS)
IaaS provides the underlying hardware
and operating system resources to do
anything developers need
Allows companies to easily scale their
systems
10. Cloud Computing – Why is it happening?
• Broadband
• Web Technologies
• Server Hardware/Software
IaaS
• Technology development trends
11. Disruptive Technology
Wikipedia Definition:
• “Disruptive technology and disruptive
innovation are terms used in business
and technology literature to describe
innovation that improve a product or
service in ways that the market does not
expect, typically by being lower priced or
designed for a different set of consumers”
12.
13.
14. Disruptive Technology
Trains Vs Canals
• It’s too limited
• It doesn’t work the
same
• I don’t understand it
• It’s not safe
Online Vs Onsite
• It’s too limited
• It doesn’t work the same
• I don’t understand it
• It’s not safe
15. Disruptive Technology
• The move to Cloud will destroy the old product
licence ‘cash cow’ model.
• Microsoft IS moving to a subscription model.
16. Cloud Software to Run Your Practice
[1] Back-up Software
[2] Accounts / bookkeeping
21. Cloud Software to Run Your Practice
[1] Back-up Software
[2] Accounts / bookkeeping
[3] Office Type Software:
- Word / Email / Spreadsheets
[4] Websites:
- Blogging Platforms
23. Cloud Software to Run Your Practice
[1] Back-up Software
[2] Accounts / bookkeeping
[3] Office Type Software:
- Word / Email / Spreadsheets
[4] Websites:
- Blogging Platforms
[5] Company Formations
24. Cloud Software to Run Your Practice
[1] Back-up Software
[2] Accounts / bookkeeping
[3] Office Type Software:
- Word / Email / Spreadsheets
[4] Websites:
- Blogging Platforms
[5] Company Formations
[6] Company Secretarial
25. Cloud Software to Run Your Practice
[1] Back-up Software
[2] Accounts / bookkeeping
[3] Office Type Software:
- Word / Email / Spreadsheets
[4] Websites:
- Blogging Platforms
[5] Company Formations
[6] Company Secretarial
[7] Tax
26. Cloud Software to Run Your Practice
[1] Back-up Software
[2] Accounts / bookkeeping
[3] Office Type Software:
- Word / Email / Spreadsheets
[4] Websites:
- Blogging Platforms
[5] Company Formations
[6] Company Secretarial
[7] Tax
[8] Accounts Production
27. Cloud Accounting - Are The Risks Real?
• Data
• Security
• Recovery
• Lock-In
• Compliance
• Interoperability
33. • Secure
- Backups, Upgrades, Maintenance
Cloud Accounting
• Flexibility
- Anywhere, Anytime, Any Option
• Real-time Accounting
- Live
• Software as a Service
(SaaS)
- Pay As You Go
34. Cloud Accounting
What it mean for accountants?
• Access to customers accounts in real time to allow
advice to be given.
• Mistakes in accounts can be corrected by a
bookkeeper or accountant remotely.
• Allows the accountant to do a full year-end routine
and export all relevant data to accounts production
software without disks.
• A retained annuity income at no cost.
35. Cloud Accounting
• Develop your practice and run it more
efficiently.
• Attract and service more clients and keep
them.
• Stand out from all the other accountancy
practices in your area.
• Build extra revenue streams from commissions,
training and other added-value services.
• Fulfil a business advisor/financial director
role for your clients in addition to bookkeeping
and compliance.
36. Main Stream:
Cloud Computing
• Coca Cola
- 100,000 users into the private cloud
• Sales Force
- 290 million transactions last month
• Microsoft – “We’re all in”
- 42,000 developers, 90% working in the
cloud
And there are some bi g name players now focusing on and promoting Cloud – some of which you might recognise!
Interestingly – Amazon – which you might not think of is actually the biggest Cloud company in the world!