ICAEW Cloud Computing event

Introduction

MATT HOLMESMD of Liquid Accounts LimitedChair of BASDA Cloud S.I.G.

Cloud Computing

• Why is it happening?

Cloud Computing


• Disruptive Technology

Cloud Computing



• Cloud Software to run your practice

Cloud Computing




• Cloud Accounting Software

Cloud Computing




• Cloud Accounting Software

• Conclusion

Cloud Computing – Why is it happening?

• Broadband


• Broadband

• Web Technologies


• Broadband


• Server Hardware/Software IaaS


• Broadband


• Server Hardware/Software IaaS

• Technology development trends

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”


Trains Vs Canals


Trains Vs Canals

• It’s too limited


Trains Vs Canals

• It’s too limited• It doesn’t work the

same


Trains Vs Canals


same• I don’t understand it


Trains Vs Canals


same• I don’t understand it• It’s not safe


Trains Vs Canals



Online Vs Onsite


Trains Vs Canals



Online Vs Onsite

• It’s too limited• It doesn’t work the same• I don’t understand it• It’s not safe


• The move to Cloud will destroy the old product licence ‘cash cow’ model.


• The move to Cloud will destroy the old product licence ‘cash cow’ model.

• Microsoft IS moving to a subscription model.

Cloud Software to Run Your Practice

Cloud Software to Run Your Practice[1] Back-up Software

Cloud Software to Run Your Practice[1] Back-up Software[2] Accounts / bookkeeping

Cloud Software to Run Your Practice[1] Back-up Software[2] Accounts / bookkeeping[3] Office Type Software: - Word / Email / Spreadsheets

Cloud Software to Run Your Practice[1] Back-up Software[2] Accounts / bookkeeping[3] Office Type Software: - Word / Email / Spreadsheets[4] Websites: - Blogging Platforms

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

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

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

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

Cloud Accounting - Are The Risks Real?


• Data


• Data• Security


• Data• Security• Recovery


• Data• Security• Recovery• Lock-In


• Data• Security• Recovery• Lock-In• Compliance


• Data• Security• Recovery• Lock-In• Compliance• Interoperability

Cloud Accounting

Cloud Accounting

• Software as a Service (SaaS) - Pay As You Go

Cloud Accounting

• Real-time Accounting - Live


Cloud Accounting

• Flexibility - Anywhere, Anytime, Any Option



• Secure - Backups, Upgrades, Maintenance

Cloud Accounting

• Flexibility - Anywhere, Anytime, Any Option



Cloud Accounting

What it mean for accountants?

Cloud Accounting

What it mean for accountants?• Access to customers accounts in real time to allow

advice to be given.

Cloud Accounting


advice to be given.• Mistakes in accounts can be corrected by a

bookkeeper or accountant remotely.

Cloud Accounting



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.

Cloud Accounting



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.

Cloud Accounting

Cloud Accounting

• Develop your practice and run it more efficiently.

Cloud Accounting


• Attract and service more clients and keep them.

Cloud Accounting



• Stand out from all the other accountancy practices in your area.

Cloud Accounting




• Build extra revenue streams from commissions, training and other added-value services.

Cloud Accounting




• 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.

Main Stream

Cloud Computing

Main Stream:

Cloud Computing

• Coca Cola - 100,000 users into the private cloud

Main Stream:

Cloud Computing


• Sales Force - 290 million transactions last month

Main Stream:

Cloud Computing


• Sales Force - 290 million transactions last month

• Microsoft – “We’re all in” - 42,000 developers, 90% working in the

cloud

• Main Stream

Cloud Computing

Cloud Computing

Cloud Computing is here now!

• www.liquidaccounts.net

Conclusion

ICAEW Cloud Computing event

Documents

Transcript of ICAEW Cloud Computing event