What Are Accounting Industry Best Practices for Public Cloud Adoption?

Filed Under (IT infrastructure, Private Cloud, Technology Trends) by Rick Dhatt on 22-02-2021

Accounting Industry Best Practices for Public Cloud Adoption


Digital transformation is happening in industries far and wide, including the accounting sector. Getting the most out of technology investments is no longer a competitive advantage, it is critical to simply survive. But accounting firms cannot afford to modernize their workflows and adopt the cloud without the proper strategy, structure, and speed. Even the slightest misstep can have long-lasting negative effects.

For accounting firms, the needs of the public cloud are different than those of other businesses and industries. From handling sensitive and non-public data to strict storage requirements, adopting the public cloud has to be done the right way to avoid potentially devastating consequences.

In this piece, we will discuss some best practices for adopting the public cloud in your accounting practice. From what tools are available to help move your firm forward to what pitfalls to avoid, the guidance provided here should put you on the path to successful public cloud adoption.

Stay Safe

Before digging in to the exciting possibilities that the public cloud offers to accounting firms, it is critical to highlight the most important part of your cloud adoption. Security is paramount to your business so keeping an eye on security as you move to the cloud should be top of mind. The good news is that the public cloud offers a number of robust security solutions and add-ons to keep data safe. From malware scanning and intrusion prevention, to DDoS mitigation and data backups, your cloud workloads need to be well-managed and locked down tight.

Because accounting firms are dealing with both financial data and private personal information, also known as “PPI,” security and compliance are more important than in other industries. Make sure that your move to the public cloud includes the presence of mind to think about security each step of the way.

Go With What You Know

While it is always wise to consider new tools and software to serve your clients, accountants will find that most of the tools they use now are available in the cloud. All of the systems you are currently using can be hosted in the public cloud without sacrificing performance or security including Caseware, CCH, Quickbooks, Sage, Doc.it, etc. By hosting your bookkeeping and productivity tools in the cloud, you’ll benefit from better performance, stability, security and the ability to access those applications from any computer or mobile device.

Additionally, solutions like Microsoft’s Office365 run in the cloud and can provide your organization with class-leading email, productivity and collaboration tools. The cloud-based version of Microsoft’s well-known Office suite, Office365 gives you and your team the ability to access email, documents, and other files from any connected device. Powered by Microsoft’s public cloud, Office365 brings a familiar set of tools to the modern age. If you’re currently using Office for productivity and Exchange for email, a move to Office365 makes lots of sense.

Plan Ahead

One of the challenges when moving your accounting infrastructure to the public cloud comes in not thinking ahead to the future. By their very nature, public cloud providers like AWS are constantly updating and upgrading the technology that makes the cloud possible. That’s good news for accountants that can’t afford to fall behind.

However, you owe it to yourself as well to evaluate how the cloud will work for your business as well over time. From data storage to backups to new applications that help you do great work and stay connected to clients, the cloud can and should be a platform upon which you can build your firm’s future.

Be Open-Minded

The public cloud offers performance and reliability that might surprise you if your applications and email and have been running on an old server in an office closet. As such, when moving to AWS or another public cloud, it is in your interest to be open-minded to the possibilities. Perhaps you are used to paper records and don’t realize the public cloud can digitize those files and make your filing cabinets obsolete. Maybe you currently have a local version of your accounting software on your machine and don’t know how much more powerful a cloud-hosted version can be.

Approaching a move to the cloud with your eyes wide open not just about what you think you need but also about what is possible through this new technology will serve your accounting practice well both now and in the future.

Find Your Specialist

In the event your accounting practice doesn’t have an in-house IT department, you’ll need a partner to help navigate your journey. And just as you wouldn’t go to a cardiologist if you had a headache, you shouldn’t work with an IT service provider that doesn’t focus on serving accounting firms. There are IT and managed service providers now for most every industry and business size, so picking a specialist will make your journey to the cloud much smoother.

Since 1999, Welcome Networks has focused on providing top notch IT solutions and services to accounting firms. Our intense focus on providing managed services extends to designing, deploying, and managing public cloud environments that help accountants deliver exceptional work to their clients.

As the saying goes, “Every company is a technology company now.” With Welcome Network at your side, and the public cloud as your technological foundation, your accounting firm is on the right track to reach new heights. Contact us now to learn more about how Welcome Networks can help your adoption of the cloud via email sales@welcomenetworks.com or call 1-866-549-2717.

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