The document discusses the benefits of cloud-based practice management software over traditional on-premise software. It highlights features like collaboration, custom reports, lower fees, and touchscreen scheduling. It also provides a case study of an accounting firm that moved from local installed systems to API-linked cloud systems, experiencing largely automated processes, improved transparency, and significant labor savings. The document cautions that moving to the cloud changes expenditure policies and introduces risks around data control, service agreements, internet reliance, and access restrictions.

1. CPA Australia
Communities +

2. Cloud based practice
+ Practice management software - WorkflowMax
+ From timesheets to invoices
+ Shared data
+ Collaboration
+ Custom build reports
+ Charge lower fees
+ Custom fields and Themes
+ Touch screen interactive scheduling

3. Cloud based practice
+ Accounting Software – KashFlow, Saasu, Xero
+ Virtual CFO
+ Full payroll offering
+ Advisor forms part of BCP planning
+ Auto bank recon
+ Employee portal
+ No more data files
SasS changing market economics

4. SRA IT (SaaS) Case Study
From:
+ Installed local multiple systems
+ Slow manual processes
+ Delayed information & decisions
+ Different location based processes
+ Lower interaction with external advisor

5. SRA IT (SaaS) Case Study
To:
+ API linked systems
+ Largely automated processes
+ Improved transparency (access)
+ Significant labour savings
+ Customised real time forecasting &
reporting
+ Increase interaction with advisors
Staff cringe when MYOB is mentioned

6. + Direct costs are less
+ Lego TM
+ Internal instructions, how “SRA” will use
software
+ Working from home, no problem
+ Device independent
+ SRA Business Dashboard
SRA (SaaS) Case Study

7. Cloud Management issues…
+ Nature of expenditure has changed
+ Each transaction is lower value
+ Do your policies match the system?
+ Unknown IT Business Continuity
+ Back up 3/4G internet access
+ Hosted systems IaaS

8. Risks
+ Control over data
+ Service level agreement – penalties??
+ Reliance on internet access
+ Data export format
+ Terms of Use
+ NO PAY NO ACCESS

9. Think Big!!
+ You could design & build a business
application with global reach!!

10. CPA Cloud Computing
Thank you