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.
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.
External information system services are computing outside of the traditional security authorization boundaries established by organizations for their information systems. The traditional authorization boundaries that are linked to physical space and control of assets, are being extended (both physically and logically) with the use of external services. “External services can be provided by entities within the organization but outside of the security authorization boundaries established for organizational information systems, entities outside of the organization either in the public sector (e.g., federal agencies) or private sector (e.g., commercial service providers), or some combination of the public and private sector options (Gallagher, 2015)”. External information system services can include the use of service oriented architectures (SOAs), cloud-based services (infrastructure, platform, software), or data center
Christauskas, C., & Miseviciene, R. (2012). Cloud -- Computing Based Accounting for Small to Medium Sized Business. Engineering Economics, 23(1), 14-21.
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.
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
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.
One might ask how does cloud computing work? Cloud computing architecture refers to the components that work together to form cloud computing. The architecture behind cloud computing involves two different parts, the front end and the back end. Each part connects through the internet and works together. The front end structure is also referred to as the clients. This is the part or side of the server that the user interacts with and sees. For the user to connect and interact with this end, they need to have access to a computer with internet. An example of the front end structure being used is a user logging on the internet to check their email. Again, millions of people check their email every day and do not realize it is part of cloud computing. The other part of cloud computing architecture is called the back end structure. This part is responsible for the service that make the cloud work. It comprises of huge data storage, virtual machines, security mechanism, services, deployment models, servers, etc. () The back end service is made up of Software as a Service (SaaS), Platf...
RG & Co Chartered Accountants, 20 Business Benefits Cloud Accounting has over PC software. Available at: . [Accessed 20 November 2013]
as organizations are able to identify information and know more about their customers, they can provide them with a positive experience that pays off at the end. Everything that customers do, and every interaction that they have with an organization must be identified, recorded and documented. In order to do this, companies must go beyond the sticky-notes and jumbled filing cabinets, and begin implement cutting-edge organizational technology that is only accurately quantify and sort data for easy future reference, but also make that data accessible across departments. Because of CRM this can become possible and allows company to store a huge list of customers and any related significant information about them. Access to their file can be even more convenient than it used to be because the cloud, hence no matter who it is that is serving the customer in question, they’ll have the same actionable data promptly available. This will result in less idle time for clients and
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.