Enhanced Financial Data Security with Cloud Accounting

benefits of cloud computing
26 Jul
2018

features of cloud accounting

Have you heard the term ‘cloud Accounting’?  You might have heard about this very often these days and wondering what it is all about? To be precise, it is a new way where users get access to software applications remotely through the Internet or other network via cloud application service provider. It is also referred to as online accounting. We are already acquainted with online software like internet banking, email, file sharing etc.

Today, small businesses are using Cloud Accounting to address various data security issues. It not only save cost but also gives flexibility to work from anywhere.

Let’s find out what exactly is Cloud Accounting.

To put simply, cloud accounting means online accounting. Instead of accessing from your computer’s hard disk, you access it using the internet. When you access your internet banking account or any email services like Gmail, Hotmail or Yahoo, you are accessing the power of cloud computing.

So, instead of installing the accounting software to your computer, you can just open your browser and start managing your financial transactions. The benefits of this cloud accounting software are numerous. Look at it from the data security perspective.

How Cloud Accounting can Help in Data Loss?

Before we move on further, it is important we understand the common reasons behind the data loss and how you can prevent this using an effective cloud accounting software.

Computers are Vulnerable to Virus Attacks

It is true that every wise businessman installs the best anti-virus solution to their system but the virus makers are leaving no stone unturned to crack the security system. Your computer is always at risk of getting affected by a deadly virus. It is the internet access from where most of the viruses come these days. These viruses are powerful and difficult to remove and sometimes formatting the entire hard disk is the only option left.

In this case, your data is safe in the cloud even when your computer is badly affected by a virus. You can just use another computer to get access to the application.

Free Internet can be Risky

Employees use the office internet casually without considering about the security. If office computers are not Firewall protected or secured by Internet security software, some malicious sites can pose a threat quietly by installing malware on the system which can later harm your system and later cause your data to lose.

All professional cloud accounting software providers use secure HTTPS connection and utilize Firewall systems to protect the data from online attackers.

Backups after Data Loss

We know the importance of regular data backups, but we do not maintain this when it comes to actually protecting our data. Even the backup needs to be organized in such a way that it is easy to restore when needed. Many businesses understand the importance of data backup but still do not take necessary steps to back their financial data.

The cloud accounting software works the wonder by providing periodic backups and a systematic process to retrieve the backups when needed.

Cloud accounting is a useful software that is used to addresses various data security issues. It not only save cost but also gives flexibility to work from anywhere. When you access your internet banking account or any email services like Gmail, Hotmail or Yahoo, you are accessing the power of cloud computing.

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