Matt's presentation from the ACCA event

2. Introduction
MATT HOLMES
MD of Liquid Accounts Limited
Chair of BASDA Cloud S.I.G.

3. Cloud Computing
• What is it?
• Why is it happening?
• Disruptive Technology
• Cloud Software to run your practice
• Cloud Accounting Software
• Conclusion

4. 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

5. 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

6. Cloud Computing – What is it?
Cloud Types
Public Cloud
Private Cloud
G Cloud
Hybrid Cloud

7. Cloud Computing – Why is it happening?
• Broadband
• Web Technologies
• Server Hardware/Software
 IaaS

8. Cloud Computing – Why is it happening?

9. 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

10. Cloud Computing – Why is it happening?
• Broadband
• Web Technologies
• Server Hardware/Software
 IaaS
• Technology development trends

11. 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”

14. 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

15. Disruptive Technology
• The move to Cloud will destroy the old product
licence ‘cash cow’ model.
• Microsoft IS moving to a subscription model.

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

17. Cloud Software to Run Your Practice

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

19. Cloud Software to Run Your Practice

20. Cloud Software to Run Your Practice

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

22. Cloud Software to Run Your Practice

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

24. 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

25. 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

26. 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

27. Cloud Accounting - Are The Risks Real?
• Data
• Security
• Recovery
• Lock-In
• Compliance
• Interoperability

28. Cloud Accounting

29. Cloud Accounting
• Real-time Accounting
- Live
• Software as a Service
(SaaS)
- Pay As You Go

30. Cloud Accounting

31. Cloud Accounting
• Flexibility
- Anywhere, Anytime, Any Option
• Real-time Accounting
- Live
• Software as a Service
(SaaS)
- Pay As You Go

32. Cloud Accounting

33. • Secure
- Backups, Upgrades, Maintenance
Cloud Accounting
• Flexibility
- Anywhere, Anytime, Any Option
• Real-time Accounting
- Live
• Software as a Service
(SaaS)
- Pay As You Go

34. 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.

35. 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.

36. 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

37. • Main Stream
Cloud Computing

38. Cloud Computing

40. Cloud Computing is here now!
• www.liquidaccounts.net
Conclusion