Cloud makes accounting in real-time and up-to-date. Explore this PPT to know, how cloud computing could be hugely beneficial to CPA’s & accounting firms.

1. CLOUD COMPUTING
FOR CANADIAN
ACCOUNTING FIRMS

2. Cloud Computing
Cloud computing is the practice of using computer hardware and software
applications delivered as a service over the Internet. It allows you to store files
and use applications using many different devices connected to the internet
from many different locations.

3. How you’re already using the cloud and don’t even
know it
• Cloud Based Email - Checking your email on your computer and
also from your mobile using an app.
• Using Dropbox from your computer and mobile to share data with
your colleagues.
• Using social media websites (like Facebook, Twitter) from your
friend's computer as well as on your mobile and laptop.

4. For tax and accounting professionals, Cloud means to securely storing and
accessing accounting data by using an online accounting software.

5. What is Cloud Accounting?
Cloud accounting means accessing your online accounting software
using your web browser over the internet. It runs on remote server and
you can access your business financials from anywhere using any
device connected to the internet.

6. According to Forrester Research, the public cloud market is estimated to reach
$191B by 2020, growing significantly from 2013’s market size of $58B.

7. Investors were asked to rate
their confidence level in each
sector. Confidence levels were
measured on a scale of 1 to 5,
with 5 representing the most
confidence.
Global venture capital investors
are most confident in cloud
computing (4.18).

8. Benefits of Cloud Computing for Tax and Accounting
Professionals

9. Cost and Time Saving
 No need for expensive computer equipment and server to be installed in the
office.
 No need to pay for software updates and server maintenance.
 This cuts hardware, software and energy costs and also, more basically,
saves on space in an office.

10. Flexibility, Convenience and Efficiency
 Get access to your accounting data from anywhere from any device
connected to an internet.
 Cloud technology helps you better collaborate with your colleagues working
in multiple locations.

11. Safety and Reliability
 Cloud technology offers great security and data availability in case of
disaster or emergency.
 Cloud service provider takes multiple and continuous backup of data for
such situations.

12. Moving your Business to Cloud Computing?
The most important aspect of moving to Cloud Computing is finding a
renowned service provider who can answer all your questions and make sure
that you get a service that works for your business.

13. Cloud Service Provider for Accounting Firms in Canada
Welcome Networks provides the best cloud solution to bookkeepers,
accountants and accounting firms to access accounting software on private
cloud. Work smarter and faster while simultaneously increasing your overall
productivity.
For more information, visit:
http://www.welcomenetworks.com/for-accounting-firm.htm

14. Cloud makes accounting in real time and up-to-
date. Make sure your company keeps pace with
IT growth and change.

15. References:
 http://www.cpaireland.ie/your-business/business-resource/technology/how-cloud-
computing-can-benefit-accountants
 http://www.forbes.com/sites/louiscolumbus/2014/12/26/kpmgs-2014-cloud-computing-
survey-enterprises-quickly-moving-beyond-cost-reduction-to-customer-driven-results/
 http://www.forbes.com/sites/louiscolumbus/2015/09/19/cloud-computing-dominates-
deloittes-2015-global-venture-capital-confidence-survey/