Cloud Computing - What is it?

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Matt's presentation from the ACCA event

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  • And there are some bi g name players now focusing on and promoting Cloud – some of which you might recognise!
    Interestingly – Amazon – which you might not think of is actually the biggest Cloud company in the world!
  • Cloud Computing - What is it?

    1. 1. Introduction MATT HOLMES MD of Liquid Accounts Limited Chair of BASDA Cloud S.I.G.
    2. 2. Cloud Computing • What is it? • Why is it happening? • Disruptive Technology • Cloud Software to run your practice • Cloud Accounting Software • Conclusion
    3. 3. Cloud Computing – What is it? Internet Technologies High Level Definition: “Cloud Computing involves vendors supplying computing services to lots of customers over the internet” •Software as a Service (SaaS) •Cloud Types
    4. 4. Cloud Computing – What is it? Software as a Service (SaaS) Delivering Software programs over the web Platform independent Any web browser or operating system Pay As you Go SMEs
    5. 5. Cloud Computing – What is it? Cloud Types Public Cloud Private Cloud G Cloud Hybrid Cloud
    6. 6. Cloud Computing – Why is it happening? • Broadband • Web Technologies • Server Hardware/Software  IaaS
    7. 7. Cloud Computing – Why is it happening?
    8. 8. 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
    9. 9. Cloud Computing – Why is it happening? • Broadband • Web Technologies • Server Hardware/Software  IaaS • Technology development trends
    10. 10. 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”
    11. 11. 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
    12. 12. Disruptive Technology • The move to Cloud will destroy the old product licence ‘cash cow’ model. • Microsoft IS moving to a subscription model.
    13. 13. Cloud Software to Run Your Practice [1] Back-up Software [2] Accounts / bookkeeping
    14. 14. Cloud Software to Run Your Practice
    15. 15. Cloud Software to Run Your Practice [1] Back-up Software [2] Accounts / bookkeeping [3] Office Type Software: - Word / Email / Spreadsheets
    16. 16. Cloud Software to Run Your Practice
    17. 17. Cloud Software to Run Your Practice
    18. 18. Cloud Software to Run Your Practice [1] Back-up Software [2] Accounts / bookkeeping [3] Office Type Software: - Word / Email / Spreadsheets [4] Websites: - Blogging Platforms
    19. 19. Cloud Software to Run Your Practice
    20. 20. 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
    21. 21. 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
    22. 22. 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
    23. 23. 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
    24. 24. Cloud Accounting - Are The Risks Real? • Data • Security • Recovery • Lock-In • Compliance • Interoperability
    25. 25. Cloud Accounting
    26. 26. Cloud Accounting • Real-time Accounting - Live • Software as a Service (SaaS) - Pay As You Go
    27. 27. Cloud Accounting
    28. 28. Cloud Accounting • Flexibility - Anywhere, Anytime, Any Option • Real-time Accounting - Live • Software as a Service (SaaS) - Pay As You Go
    29. 29. Cloud Accounting
    30. 30. • Secure - Backups, Upgrades, Maintenance Cloud Accounting • Flexibility - Anywhere, Anytime, Any Option • Real-time Accounting - Live • Software as a Service (SaaS) - Pay As You Go
    31. 31. 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.
    32. 32. 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.
    33. 33. 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
    34. 34. • Main Stream Cloud Computing
    35. 35. Cloud Computing
    36. 36. Cloud Computing is here now! • www.liquidaccounts.net Conclusion

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