Confused between these two---> Cloud vs on-premise
Traditionally all accounting software packages were delivered ‘on-premise’. They were installed and run on computers on your actual physical network. This is certainly still a perfectly acceptable way to use your software, but these days more and more businesses are turning to cloud accounting systems to effectively manage their finance department, as well as utilizing cloud across their business as a whole. Cloud is simply the term that refers to running software/ systems at a remote facility and connecting to them via the internet. So which to choose?
Choosing the on-premise option might be seen as the easy option. You would certainly have more in-house control over all the systems and data. With the data only on your internal network that brings with it simple, tangible security, although many would argue that with the vast developments in cloud security that your data would be even more secure there.
Staying on-premise you’ll also benefit from on-site IT support staff, there at your beck and call to solve any issues. But, are they really the right people to be doing this, and in reality, how much of their resource will actually end up coming the way of your finance team?
Maintenance and upgrades
With cloud accounting things are managed by the very people building and running the systems, so it’s far less likely to go wrong, and if it ever does who better to be resolving the issues. Plus typically they have just the one system to look after, as opposed to your internal tech team who are trying to satisfy the needs of each and every department across the business. Your organization would also avoid the necessity of recruiting specialist IT staff, concentrating instead on wider skills that are more central to your business goals.
What will it all cost?
Then there’s the investment. IT can be expensive, certainly investing in new on-premise solutions which end up top-heavy in the initial investment, this is why cloud accounting is becoming so popular. Small or no upfront investment and only paying for what you use. With this, you can add new features as you need them and remove those that are no longer required.
It’s also not just about money, it’s about time too. On-premise solutions require not just IT time for provisioning new resources and installation but also time with setting up and configuration from the users. With Cloud you get a reduced time to benefit – there is no installation time and it’s generally up and ready to go immediately.
So next time you come to review your finance system you should be presented with both cloud and on-premise options. There’s no right or wrong to whichever you choose, but the fact you have a choice in the matter only provides you with further opportunity to tailor the solution to your business goals.
After reading this if you conclude with cloud software then our accounting software always there for you!!!
For more info: https://bit.ly/3hoGhqw