Untangling the mysteries of cloud based accounting

By Team bluQube

Admit it, most people are puzzled by the inner workings of the cloud, how it works, how secure it is, what it can do for us etc…

 

We know your time is precious, so we aren’t going to waste it explaining the intricacies of shared hosting, the importance of economies of scale, or even how celebrities “revealing” pictures may have found their way into the public domain via their iCloud accounts. For that, you have the wonders of Wikipedia (Cloud Accounting); we thought it’d be much more useful to explain exactly how we use the cloud and what cloud accounting software could be doing for you on a daily basis!

 

How cloud computing works in the world of accounting

Put simply, your end-user experience (not including all the added extras we’ll get to later) shouldn’t be any different to the on-screen experience you’re used to. In the most basic terms a cloud based system simply means your finance system is hosted by a supplier (like us), rather than being hosted by your on-premises services.

 

What are the benefits of our cloud based system?

Secure – 10 years ago we began building our system from the ground up specifically with the purpose of securely holding your confidential finance data. bluQube’s cloud is hosted in ‘The Bunker’ the UK’s most secure data centre (which basically means you could take the worst-case scenario, double it and we still wouldn’t be breaking a sweat), so you can consider it in safe hands.

 

Accessible –

All you need is an internet connection and you can access ‘best-in-class’ data facilities and a simple to use interface anywhere. People outside of the finance team are encouraged to use the intuitive software, helping to remove bottlenecks in the business and lessen the workload on the finance team. Up-to-date – We’ll take care of the back end, maintaining, updating and improving the system remotely, so you don’t have to; all of which means all you have to worry about is how best to make use of up-to-the-minute reporting.

 

Affordable –

Instead of a budget shaking up-front costs, you can enjoy cash flow friendly monthly instalments and expand and shrink your use of cloud as you need, so you don’t have heavy investments in server equipment at certain stages, or equipment sat around that you’re not using. 

 

Time saving – 

Free up time, space, energy and IT resources with automatic upgrades, back-ups, penetration testing and cross platform versatility (not forgetting the time and error saving addition of no longer needing to manually key in data across systems).

 

Proven – 

Our first cloud customer went live in 2012 and many, more have since followed. Take a look at our Case Studies!

 

Technical terms to look out for

Knowledge is power and cloud computing should no longer be a mystery that leaves you at an organisational, or monetary disadvantage – so next time you find yourself baffled by unnecessarily complex explanations or acronyms, just refer to this blog and the handy little acronym buster below; Iaas (Infrastructure as a service) – this simply means the giving of access to computer resources over the internet.

Paas (Platform as a service) – This refers to the back end environment (the workings of the system) being hosted and delivered over the internet – allowing developers to build applications on top of it.

Xaas – A generic, all-encompassing term for cloud delivery (of any service).

Saas (Software as a service) – This is a way of licensing and delivering software (like an incredible finance system) over the internet. It will be hosted centrally and delivered via the internet, so that you don’t have to deal withany of the underlying infrastructure.
 

So there you have it, cloud-based accounting in a nutshell. Obviously, this is an easily digestible version of how it all works, if you are interested in knowing more about our cloud-based system, real-time reporting, or cloud computing in general, send us an email by filling out the form below. We’d love to help elevate your business into the clouds…

 

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