I think this is a complex question, that has many variables that you need to look at. Cloud-Based software is definitely a trend that will only pick up speed. You should consider:
Type: As mentioned in another comment, you can either switch to Software as a Service, which is a platform that provides all of the software you are using to you and your employees.
You can use a virtual hosting platform, this is essentially a virtual machine that has versions of your desktop software installed on it.
You can also use a Hybrid Platform that syncs your local data and software to a cloud-based system.
Cost: I can tell you that our firm has Proseries from 1999 - 2015, then Lacerte to present. Many providers will charge you by the application. Typically it will be a package that includes X applications, and everything over that you need to pay extra. Depending on the size of your firm, this could make it cost-prohibitive.
There is more to think about, however, I don't want to post a dissertation. If you want to further discuss, let me know.
Yes, I would go to the cloud-based as you are given an added layer of security for one thing. Another benefit is that you can work from anywhere.
One word of caution. I would ensure that you have an internet connection that is fast, and good hardware that is up to date to ensure adequate speed, otherwise you could get frustrated.
Yes, I would go to the cloud-based as you are given an added layer of security for one thing. Another benefit is that you can work from anywhere.
One word of caution. I would ensure that you have an internet connection that is fast, and good hardware that is up to date to ensure adequate speed, otherwise you could get frustrated.
Chief Executive Officer at BaCo Tech and The BaCo Group, CPAs
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Yes, I would. We resisted having our paperless storage in the cloud but the problem is that there is no new development for desktop platforms. All of the top programmers want to work with cloud-based technologies so all tech companies are moving there or they lose their talent base. If you don't move, all the new ideas and related efficiencies will move without you. I know this because our firm started a tech company last year for workflow we patented, we have to sync with QB Desktop for our platform and I quickly learned that there is nobody doing anything on the desktop, including QuickBooks. www.bacotech.com
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