Cloud Accounting: Benefits and Risks for Clients

This presentation discusses the benefits and risks of cloud accounting for clients. It explains how cloud accounting works and why accounting firms are focused on this concept. It also highlights the benefits of transferring to cloud accounting, such as cost-effectiveness, data security, and easy collaboration. However, it also mentions the risks associated with cloud accounting, such as the need for internet access and the possibility of software attacks. Finally, it explains how Bush Accounting can convince clients to turn to cloud accounting.

Slide 2: Here we are going to introduce Cloud Accounting. It is accounting software, which
hosted on remote server; it is quite similar to “software as service” business model. The tool
follows a structure where data processed with the help of information stored in it and then in the
final stage after data retrieved, it sent back to the user. Cloud accounting enables all departments
to access the same software.
Slide 3: In this slide, we will know why clients choose accounting software. Cloud accounting
software allows generating information of all employees in organization. It helps to carry the
wages and salary of employees. The tool also helps to track the income and expenses of the
organization.
In the 4rd slide it is continued on the same topic. Accounting firms focused on cloud accounting
concept because the benefits they get are completely unmatched. The tool provides better
mobility and provides easy collaboration with the suppliers of the company. It helps to achieve
the target of the company with these features effectively. These are the main reasons to convince
clients of the company.
Slide 5: We are going to discussed about the benefits to clients transferring from cloud
accounting. Cloud accounting is cheaper than traditional accounting system in the market.
Upgrades done instantly and effectively in the system to ensure innovation meets regularly. It is
discussed that, data are secured much effectively and efficiently. Cloud accounting is paperless
and it reduces extra cost applied in paper-based task. It helps to reduce manual error applied in
paper-based task, which leads to cancellation and will result to additional cost. Cloud
accountancy provides results in most effective way. It ensures that the resultant issued to any
solution showed in a perfect approach.

Slide 6: Continued from the above topic and we will discuss that it helps to maintain
relationship the distributors who helps to distribute goods and products of the company to the
target customer. It also helps to maintain relationship with the co-workers, by whom it is
possible to bring out the best of the organization. The tool helps to create relationship with the
suppliers who supplies raw materials to the company to generate finished products. It is essential
to follow the co-workers in order to keep track of them whether they are following the financial
and accounting structure carefully or not.
Most important benefit of cloud accounting is that they keep every bit of data in organized
manner. It ensures that no information displaced to other places.
Slide 7: Here, we will discuss about particular risk associated in transferring to cloud from
traditional. The most important risk associated is that cloud accountancy requires internet to
access data. If there is no internet then it will be difficult to access data in this context. There is a
possibility that vendor might flee away due to poor contingency plan.
Slide 8: Continued from the above topic and we will discuss certain more points about risk. Here
data taken by blackmailing or data can be theft away due to software attack in internet.
Slide 9: Here we will discuss about how Bush Accounting can convince clients to turn up into
cloud accounting. The unmatched benefits discussed on cloud accounting to convince the clients.
Data saved securely which is the crucial advantage because traditional accounting does not
provide this benefit. It also provides agility to business.
Thank You.