cloud computing - what is it?
DESCRIPTION
Matt's presentation from the ACCA eventTRANSCRIPT
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Introduction
MATT HOLMES
MD of Liquid Accounts LimitedChair of BASDA Cloud S.I.G.
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Cloud Computing
• What is it?• Why is it happening?
• Disruptive Technology
• Cloud Software to run your practice
• Cloud Accounting Software
• Conclusion
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Cloud Computing – What is it?
Internet TechnologiesHigh Level Definition:
“Cloud Computing involves vendors supplying computing services to lots of customers over the internet”
•Software as a Service (SaaS)
•Cloud Types
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Cloud Computing – What is it?
Software as a Service (SaaS)Delivering Software programs over the
webPlatform independent
Any web browser or operating system
Pay As you GoSMEs
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Cloud Computing – What is it?
Cloud Types
Public CloudPrivate CloudG CloudHybrid Cloud
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Cloud Computing – Why is it happening?
• Broadband
• Web Technologies
• Server Hardware/Software IaaS
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Cloud Computing – Why is it happening?
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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
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Cloud Computing – Why is it happening?
• Broadband
• Web Technologies
• Server Hardware/Software IaaS
• Technology development trends
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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”
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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
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Disruptive Technology
• The move to Cloud will destroy the old product licence ‘cash cow’ model.
• Microsoft IS moving to a subscription model.
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Cloud Software to Run Your Practice[1] Back-up Software[2] Accounts / bookkeeping
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Cloud Software to Run Your Practice
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Cloud Software to Run Your Practice[1] Back-up Software[2] Accounts / bookkeeping[3] Office Type Software: - Word / Email / Spreadsheets
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Cloud Software to Run Your Practice
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Cloud Software to Run Your Practice
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Cloud Software to Run Your Practice[1] Back-up Software[2] Accounts / bookkeeping[3] Office Type Software: - Word / Email / Spreadsheets[4] Websites: - Blogging Platforms
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Cloud Software to Run Your Practice
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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
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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
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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
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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
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Cloud Accounting - Are The Risks Real?
• Data• Security• Recovery• Lock-In• Compliance• Interoperability
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Cloud Accounting
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Cloud Accounting
• Real-time Accounting - Live
• Software as a Service (SaaS) - Pay As You Go
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Cloud Accounting
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Cloud Accounting
• Flexibility - Anywhere, Anytime, Any Option
• Real-time Accounting - Live
• Software as a Service (SaaS) - Pay As You Go
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Cloud Accounting
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• Secure - Backups, Upgrades, Maintenance
Cloud Accounting
• Flexibility - Anywhere, Anytime, Any Option
• Real-time Accounting - Live
• Software as a Service (SaaS) - Pay As You Go
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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.
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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.
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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
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• Main Stream
Cloud Computing
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Cloud Computing
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Cloud Computing is here now!
• www.liquidaccounts.net
Conclusion