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Cloud Computing - Marking the Era of Green Accounting

Published on 08 August 13
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In the present age, âGreen Technologyâ is the evolving business vogue. As professional culture progresses and immense increase in small entrepreneurial firms is noticed, information storage and operational processing demands cost-effective solutions. With a global corporate network connecting even the remotest of organizations, internet has become but a necessity for business. Management of financial figures is an indispensable activity for any enterprise.
The bond of internet and accounting applications
Accounting and the management of intensive account information requires functionality such as Customer Relationship Management (CRM), Cash-Flow Management, Marketing, Inventory Control, Taxing and Accounting. Integrating all these operational components on premise-based server is quite a cumbersome activity. With internet-based computing systems, businesses are undergoing a transformation. Application hosting over the remotely created cloud environment tends to alleviate the hitches that business organizations face in managing the information storage and accounting operation over a single platform.
The hassles of infrastructure establishment and its maintenance are bonded with the requisites of internet and always-on connectivity. Moreover, accountants and tax professionals find it difficult to fix the issues that are likely to arise. The small autonomous establishments aim to cull down the expenses of setup of IT infrastructure and that of server maintenance while still meeting the pace with the technology nobs. The graph below depicts the breakdown of expenses involved in deploying the applications on premise.
Cloud Computing - Marking the Era of Green Accounting - Image 1
Cloud computing may simply be referred to as a computing solution that rests on the pillars of a massive centralized data center. These secure data centers are loaded with a number of servers that form the periphery of the cloud environment hosted within.
Generally, business organizations stuff in extra resources to recompense for various unpredictable usage thwarts. Scalability can be induced in the cloud hosting infrastructure to expand usage as per the growing business requirements. With internet operations becoming unavoidable, instantaneous integration and on-the-move business access have become mandatory. Moving to the cloud for management of accounts not only relieves the accounting professionals from the worries of IT troubleshooting but also provides them with the ease to access their applications remotely from anywhere, anytime and via any media or device.
The general scenario of financial management
According to a survey, it has been observed that some of the most famous hosted applications for managing financial statements include:
Accounting- QuickBooks, Peachtree and MYOB (different versions for varying business requirements)
Taxing- Drake tax software, Lacerte tax software, ATX tax software and ProSeries tax software
Most of these applications can be easily integrated with one another when they are hosted over the same remote server. Fishbowl Inventory, My Business Manager, Adagio FX, Advance Pro, and AO: Rapid Inventory, eBridge and SourceLink are some of the add-ons that can make the functionality of QuickBooks and other accounting applications easy.
Cloud computing can be applied in a number of applications. Application hosting is a form of thrilling new road to experiencing seamless functionality of applications. Dominance in the cloud computing market is marked by Dell, IBM and Google. This composition can be applied to a large number of new business avenues with hosting being quite a trending market of the present world.
The Green 15 Pave the Pathway to Followâ¦
The big business players seem to make their first move towards the implementation of an environmental friendly solution. AOL, Avnet, Casella Waste Systems, Cisco, Green Datacenter, The Green Grid, National Center for Atmospheric Research, National Renewable Energy Laboratory, P&G, Porto Alegre, Rutgers, TELUS, University of Kansas, Urban Edge and Verne Global have shown their innovative contribution to a healthier IT establishment. Each of these organizations has adopted different ways to turn its head towards a greener solution.
Predicting the scope of cloud computing
The research for predicting the Future of Internet Cloud Computing gave the following statistical results:
Cloud Computing - Marking the Era of Green Accounting - Image 2
Category 1: By the year 2020, most of the IT professionals will not be using their PC or premise based systems for running their applications. With the emergence of smartphones and hosted applications, the traditional use of PC is likely to come to an end and internet will become a mandate for performing any operations.
Category 2: By 2020, most of the heavy operations will shift to the cloud while the basic operations will still continue on PC.
Category 3: Presented no views
Multi-user account management through remote server setup
Since accounting is a hefty affair and large organizations generally require enough for managing high-speed connectivity to hosted applications within the operational premises, the use of LAN is quite a feasible option. Most of the new computers with enhanced configuration are capable of easy connection with LAN. For the older ones, NIC card is required for establishing the connection. This network however comes with physical limitations. For employees on the go, a good Wi-Fi or 3G connection should be used with the mobile device.
Cloud Security and the Government Measures
Handling of giant amount of data arouses the doubts of threats and attacks. Even a small threat to massive amount of data stored on the remote servers can bring down an enterprise. For helping enterprises focus on their operations without having to worry about the issues, some of the security threats can be handled with the implementation of mandatory rules.
Anomaly Detection at Multiple Scales, Cyber-Insider Threat, Insight Program, Machine Reading Program, Mindâs Eye Program, Mission-oriented Resilient Clouds, Programming Computation on Encrypted Data, Video and Image Retrieval and Analysis Tool, XDATA, Observational Medical Outcomes Project, Corporate Data Warehouse, Health Data Repository, Million Veteran Program and various other initiatives are undertaken by the Government for ensuring security of client data that is stored at multiple locations.
In the present age, âGreen Technologyâ is the evolving business vogue. As professional culture progresses and immense increase in small entrepreneurial firms is noticed, information storage and operational processing demands cost-effective solutions. With a global corporate network connecting even the remotest of organizations, internet has become but a necessity for business. Management of financial figures is an indispensable activity for any enterprise.

The bond of internet and accounting applications

Accounting and the management of intensive account information requires functionality such as Customer Relationship Management (CRM), Cash-Flow Management, Marketing, Inventory Control, Taxing and Accounting. Integrating all these operational components on premise-based server is quite a cumbersome activity. With internet-based computing systems, businesses are undergoing a transformation. Application hosting over the remotely created cloud environment tends to alleviate the hitches that business organizations face in managing the information storage and accounting operation over a single platform.

The hassles of infrastructure establishment and its maintenance are bonded with the requisites of internet and always-on connectivity. Moreover, accountants and tax professionals find it difficult to fix the issues that are likely to arise. The small autonomous establishments aim to cull down the expenses of setup of IT infrastructure and that of server maintenance while still meeting the pace with the technology nobs. The graph below depicts the breakdown of expenses involved in deploying the applications on premise.

Cloud Computing - Marking the Era of Green Accounting - Image 1

Cloud computing may simply be referred to as a computing solution that rests on the pillars of a massive centralized data center. These secure data centers are loaded with a number of servers that form the periphery of the cloud environment hosted within.

Generally, business organizations stuff in extra resources to recompense for various unpredictable usage thwarts. Scalability can be induced in the cloud hosting infrastructure to expand usage as per the growing business requirements. With internet operations becoming unavoidable, instantaneous integration and on-the-move business access have become mandatory. Moving to the cloud for management of accounts not only relieves the accounting professionals from the worries of IT troubleshooting but also provides them with the ease to access their applications remotely from anywhere, anytime and via any media or device.

The general scenario of financial management

According to a survey, it has been observed that some of the most famous hosted applications for managing financial statements include:

Accounting- QuickBooks, Peachtree and MYOB (different versions for varying business requirements)

Taxing- Drake tax software, Lacerte tax software, ATX tax software and ProSeries tax software

Most of these applications can be easily integrated with one another when they are hosted over the same remote server. Fishbowl Inventory, My Business Manager, Adagio FX, Advance Pro, and AO: Rapid Inventory, eBridge and SourceLink are some of the add-ons that can make the functionality of QuickBooks and other accounting applications easy.

Cloud computing can be applied in a number of applications. Application hosting is a form of thrilling new road to experiencing seamless functionality of applications. Dominance in the cloud computing market is marked by Dell, IBM and Google. This composition can be applied to a large number of new business avenues with hosting being quite a trending market of the present world.

The Green 15 Pave the Pathway to Followâ¦

The big business players seem to make their first move towards the implementation of an environmental friendly solution. AOL, Avnet, Casella Waste Systems, Cisco, Green Datacenter, The Green Grid, National Center for Atmospheric Research, National Renewable Energy Laboratory, P&G, Porto Alegre, Rutgers, TELUS, University of Kansas, Urban Edge and Verne Global have shown their innovative contribution to a healthier IT establishment. Each of these organizations has adopted different ways to turn its head towards a greener solution.

Predicting the scope of cloud computing

The research for predicting the Future of Internet Cloud Computing gave the following statistical results:

Cloud Computing - Marking the Era of Green Accounting - Image 2

Category 1: By the year 2020, most of the IT professionals will not be using their PC or premise based systems for running their applications. With the emergence of smartphones and hosted applications, the traditional use of PC is likely to come to an end and internet will become a mandate for performing any operations.

Category 2: By 2020, most of the heavy operations will shift to the cloud while the basic operations will still continue on PC.

Category 3: Presented no views

Multi-user account management through remote server setup

Since accounting is a hefty affair and large organizations generally require enough for managing high-speed connectivity to hosted applications within the operational premises, the use of LAN is quite a feasible option. Most of the new computers with enhanced configuration are capable of easy connection with LAN. For the older ones, NIC card is required for establishing the connection. This network however comes with physical limitations. For employees on the go, a good Wi-Fi or 3G connection should be used with the mobile device.

Cloud Security and the Government Measures

Handling of giant amount of data arouses the doubts of threats and attacks. Even a small threat to massive amount of data stored on the remote servers can bring down an enterprise. For helping enterprises focus on their operations without having to worry about the issues, some of the security threats can be handled with the implementation of mandatory rules.

Anomaly Detection at Multiple Scales, Cyber-Insider Threat, Insight Program, Machine Reading Program, Mindâs Eye Program, Mission-oriented Resilient Clouds, Programming Computation on Encrypted Data, Video and Image Retrieval and Analysis Tool, XDATA, Observational Medical Outcomes Project, Corporate Data Warehouse, Health Data Repository, Million Veteran Program and various other initiatives are undertaken by the Government for ensuring security of client data that is stored at multiple locations.

This blog is listed under Cloud Computing Community

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