Working in the cloud allows accountants to reduce operating costs and work more efficiently. It allows them to simplify the management of their finances using accounting software and automate administrative functions with software-as-a-service (SaaS)-based applications. However, whilst cloud adoption continues to surge, issues of security and privacy remain a concern for some.
Many still believe that housing data on a physical desktop is safer — but the opposite is true. When using the cloud, your information is securely stored in data centers, managed by service providers who implement advanced security protection at a level which would be extremely complex and expensive for businesses to emulate on premise. The cloud also offers data redundancy, because ultimately, information is stored in multiple locations, allowing for natural disasters or other issues that may disrupt one physical server site.
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