cloud computing - what is it?

Introduction

MATT HOLMES

MD of Liquid Accounts LimitedChair of BASDA Cloud S.I.G.

Cloud Computing

• What is it?• Why is it happening?

• Disruptive Technology

• Cloud Software to run your practice

• Cloud Accounting Software

• Conclusion

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

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

Cloud Computing – What is it?

Cloud Types

Public CloudPrivate CloudG CloudHybrid Cloud

Cloud Computing – Why is it happening?

• Broadband

• Web Technologies

• Server Hardware/Software IaaS

Cloud Computing – Why is it happening?

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

Cloud Computing – Why is it happening?

• Broadband

• Web Technologies

• 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”

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

Disruptive Technology

• 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[1] Back-up Software[2] Accounts / bookkeeping

Cloud Software to Run Your Practice

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

Cloud Software to Run Your Practice

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

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

Cloud Accounting

Cloud Accounting

• Real-time Accounting - Live

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

Cloud Accounting

Cloud Accounting

• Flexibility - Anywhere, Anytime, Any Option

• Real-time Accounting - Live

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

Cloud Accounting

• Secure - Backups, Upgrades, Maintenance

Cloud Accounting

• Flexibility - Anywhere, Anytime, Any Option

• Real-time Accounting - Live

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

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.

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.

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

• Main Stream

Cloud Computing

Cloud Computing

Cloud Computing is here now!

• www.liquidaccounts.net

Conclusion