In a previous post, I explained four reasons why, in my opinion, Intacct offers such a great fit for companies that develop and deliver software as a service. With nearly 25 years of helping clients select and maintain financial software solutions, I understand the importance of connecting a company’s unique needs and qualities with technology to improve the overall health of the company. With that in mind, I want to share four more reasons why I stand behind Intacct for SaaS companies.Read More
BTerrell Group Blog
As someone who has provided my client companies with accounting and finance software technology for nearly 25 years, I’ve seen good fits, bad fits, and downright ugly fits between a company’s accounting needs and the capabilities of their financial software. Sometimes, we encounter companies who have outgrown QuickBooks or another smaller, on-premise software program. Sometimes, we help a company recover from a software option that just wasn’t the right choice for their business model. And sometimes, our developers provide that “last mile” of automation to bridge functionality gaps. In all of that experience, I’ve seen certain solutions that seem to fit nine times out of ten. For a company developing and delivering software as a service, Intacct fits perfectly, and I’ll explain four reasons I believe that statement to be true.Read More
For Christmas, I purchased an excellent new MacBook Air notebook for my wife. I enjoy giving technology gifts…in part because I like to set up those devices and learn new things in the process. In this instance, I purchased Microsoft Office for the Mac, and I received the right to install that program, which did not include Outlook, for about $139 on up to 3 computers. In early February, I discovered Microsoft Office 365 Home Premium, which gives me the right to install that program, which does include Outlook, for $99 on up to 5 computers. What’s the difference? The second offering demonstrates a subscription based software revenue model, which means I owe $99 per year. I’m renting software.
The debate over business use of outsourced cloud computing versus on-premise computing has been rising to a higher decibel level. The main advantages of adopting cloud-based software are:
1. Minimal start-up costs in exchange for monthly or annual fees
2. Reduced infrastructure management
3. Web-based deliverability that provides access “anywhere”
On the flip side, the main arguments against cloud computing are the inability of firms to manage system risk and the potential loss of security for proprietary business data. A higher total cost of ownership over longer periods as well as concerns about the difficulty of migrating away from Software as a Service (SaaS) applications present additional roadblocks that prevent accounting from moving to the cloud.
Recently, SaaS options that extend functionality of on-premise accounting systems are beginning to appear. Such hybrid solutions combine the use of both on-premise and cloud-based software. For instance, Indicee, a Web-based application that interacts with reports from on-premise Sage Accpac ERP and other software, provides basic sales analysis and other business intelligence. So far, hybrid solutions do not completely eliminate concerns about data security, but any additional risk extends only to the outsourced applications. Undoubtedly, new software services provided via the cloud will continue to emerge.
- Chris Firra, Sr. Consultant