Category: Cloud Computing

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Pressure to Deliver More Value and Intelligence

Pressure to Deliver More Value and Intelligence

Okay, I get it.

Business professionals all over the world are being pressured to deliver more value and intelligence every day, yet their choices and options have become so many and varied, the influences coming from so many directions, and the solutions so bathed in complexity that many simply fail to move due to fear of making the wrong decision.  But this fear has existed for many years, with business owners facing new and increasingly more competitive obstacles at each and every turn of the market.

Accountants, like any other business or profession, must learn to embrace and adopt new approaches to problems facing the business, and learn to adapt to the various influences shaping the economy.  For there are few absolutes in life, but the need for accountability and measured performance in business is consistent throughout history.  As boundaries are broken and limits exceeded, so are the foundations of information management and analysis extended, delivering ever increasing levels of insight and resultant opportunity.

Information technology supports the foundation of business operation and individual interaction, and is becoming increasingly more familiar as the agent of change in our economy and environment.  In order to retain and demonstrate continued relevance, accounting professionals must recognize the shifts in information management and computing paradigms in order to retain their value and placement in the business value chain.  Where accounting and finance was once necessarily an after-the-fact reporting of results of activities, and provided only reactive guidance based on historical data, it now has the real opportunity to become a proactive force in delivering insight, leadership, and positive go-forward advice.

J


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Is Cloud Ringing the Death Toll for ERP?

Is Cloud Ringing the Death Toll for ERP?  Nope.

Software developers are being forced to recognize the business benefits of cloud computing models, and must shift their thinking along with the demand.  ERP isn’t dead or dying.  It’s changing, and delivering new agility and capability to businesses of all sizes.  Developers are going to have to find ways to modernize and adapt old, large frameworks to address these new demands, or lose out to newer players.

“Cloud on its own doesn’t affect the validity of ERP. Businesses still require management software to help them run their organization effectively. What Cloud does do however, is level the playing field and make ERP solutions more accessible to the consumer. That means publishers and resellers need to pay attention.” 

an old ERP The Right Way! guest blog by Jason Carroll with contributions from Brett Beaubouef

Make Sense?

J

Read more about legacy application modernization, and why IT and back-office outsourcing makes sense for a lot of reasons 

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Building Smarter Businesses: Staying Relevant in a Cloud Accounting World

Building Smarter Businesses: Staying Relevant in a Cloud Accounting World

They are pretty interesting commercials, and they get you thinking.  You know what I mean: those IBM commercials about developing models for the prediction of traffic conditions in Singapore, and “infusing intelligence into the systems and processes that make the world work”.   What they’re saying makes sense, but most business owners would likely say that it addresses bigger issues and doesn’t really speak to them.

The Wikipedia entry on Smarter Planet is introduced as “a corporate initiative [which] seeks to highlight how forward-thinking leaders in business, government and civil society around the world are capturing the potential of smarter systems to achieve economic growth, near-term efficiency, sustainable development and societal progress”.   You see, the ability to leverage technology to collect data and analyze that data in real time can make a huge difference, whether it is in a small business or a global system. With an intelligent approach to enabling the enterprise, we can build smarter businesses and introduce new relevance for accounting and finance professional involved with them.

“Together, we have to consciously infuse intelligence into our decision-making and management systems, not just infuse our processes with more speed and capacity . . . We are moving into the age of the globally integrated and intelligent economy, society and planet. The question is, what will we do with that?” IBM chief executive Sam Palmisano

Our software and systems have reached the point where data collection and raw business intelligence is being gathered in real time by businesses small and large.  This new world of information management is no longer focusing on paper-based systems or business process automation; this is the world of real time information, big data and analysis.

For accounting and finance professionals, this is your time.  Accounting is not simply the final dumping ground for after-the-fact financial data; it is the department responsible for turning collected data into actionable information.  Data is just data, but information is power.

Information management and computing paradigms are shifting, and for accounting and finance professionals, the solution to the relevance problem is quite simple: shift your thinking of what accounting and finance is, and use it to your advantage.

The competitive landscape for businesses of all kinds is changing along with the progress and adoption of technology.  Accounting professionals in particular should be paying close attention to what’s happening out there, and learning to use the tools which will help them find the patterns and trends in the system which can help to forecast more accurately – coming closer to having that crystal ball than ever before.

Whether the attention is on small business or large enterprise, accounting professionals and information management specialists need to work together, and use the cloud and connected technologies to help achieve the benefits of growth, efficiency, sustainable development and progress envisioned by the Smarter Planet initiative.

Make Sense?

J

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The race to find the “secret sauce” for hosted application services for small business

The race to find the “secret sauce” for hosted application services for small business

Cloud computing is here to stay.  What was once viewed as bleeding-edge technology fraught with peril and risk is now recognized as an emerging standard for application deployment and delivery.  The race to the clouds represents a significant challenge, however, when issues of application interoperability and integration are introduced – particularly when it comes to small business solutions which traditionally reside on the local PC and network.

Today’s available technologies and platforms quite nicely facilitate single application deliveries, yet frequently fail to address the dynamic provisioning and deployment requirements of a rich integrated application environment.  Users who desire to select from a variety of applications in a hosted environment are most often met with barriers which won’t allow them to have the particular mixture of solutions they need.

While virtualization approaches for platforms and applications are gaining popularity and increasing in capability, the reality of the problem still rests with the fact that, in order for the applications to integrate, they must be installed on the same machine.  There is a race amongst the virtualization platform providers to find the “secret sauce” of application hosting; to enabling a flexible, dynamic, rich application delivery method which overcomes the need to have integrated applications installed together on servers in pre-selected ‘packages’.  With the secret sauce, the provider would be able to offer the customer any possible combination of available applications, and offer them as fully integrated solutions, regardless of whether or not those applications were actually installed on a machine together somewhere.

Currently, the solution is addressed (sort of) in how the provider deals with three main elements in the service model, which are packaging, provisioning, and business rules.  With these three ingredients appropriately approached in a flexible infrastructure and partner network, the potential for broad hosted application delivery and distribution exists.   Service providers are still stuck with the requirement to pre-select their various partner or integrated application inclusions, but it is possible to offer the perception of maximum flexibility without actually having it.  The challenge is not presented with the business rules, but in the packaging and provisioning processes.

Packaging is the step where the item to be provisioned is combined with other elements, resulting in a service or installation “package”.  Much like a manufacturing assembly process, packaging takes into consideration the total resource utilization or requirement, accounting for all resources combined into or used to create the package.  Packaging cannot be performed without first understanding, at a detailed level, what can be provisioned and how.  With the variety of applications, data services, implementation methodologies and models which exist, a single method approach has proven to not address a majority of software products currently available on the SMB market, and is unlikely to in the near future.

An example of this challenge is partially revealed when we look at the diversity of applications involved in the Microsoft Office ecosystem.  Many businesses rely upon the functionality present on the Office suite desktop products, such as Word, Excel and PowerPoint.  For some application users, this functionality is not present in their primary use software, but is presented via desktop level integration methods.  In order to deliver the full functionality and capability of the primary use application, the installation and integration support for the Office applications must also be provisioned and packaged into the service.   Offering even limited integrations and options like Office for inclusion in the package can introduce challenges in data access and management, permissions and file level security, and ISV licensing of applications.  For these and other reasons, attempting to provide a rich, user-selected mixture of deliverables poses the ultimate challenge to the application service provider.

When a cloud or application hosting provider can offer their customers the ability to sign up for, purchase, and utilize without complication or delay their selections of desktop or web-based applications, services and integrations, and pay for them as a subscription service accessible at any time and from anywhere – that’s the secret sauce of application hosting and cloud IT that everyone’s looking for.

Make sense?

J

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Use the Cloud to extend “connectedness” beyond traditional boundaries

Use the Cloud to connect beyond traditional boundaries

With the number of definitions being applied to the term “cloud” these days, it’s no wonder business owners and IT managers are having a hard time keeping up. Depending on who you talk to, cloud can mean anything from “all things related to the internet” to a description of a more complex, distributed method of provisioning and utilizing the various elements (or layers) involved in a network computing model. There are purists in the industry who don’t agree with the broad use of the term “cloud”, as it creates confusion in the market as to what is and is not true cloud computing. Over time, however, this situation should be resolved through the understanding that, no matter what software or system you elect to implement, there will likely be an aspect of “cloud” in it. The popular term will become less important, and the market will simply recognize that this is how business computing is done.  It becomes “normal” IT, and not something special.

The stealthy inclusion of web services and connected applications has been happening for a few years now.  Even the tried-and-true QuickBooks desktop editions have become the center points for a large number of Internet delivered product features. Where payroll was once simply part of the program, it’s now an outsourced service delivered seamlessly from within the application. It’s the same with credit card processing, bill payments, attaching documents, and more. The cloud is involved in a lot more than most people really understand, because so much of the “magic” happens behind the scenes. This makes it easier for the user to adopt, but doesn’t go a long way towards helping them understand the model or the intrinsic benefits derived from it. Cloud is here, and it’s probably in the solution you are currently using. It’s already “normal” IT, you just didn’t know it.

While the market works through this realization, there is much to do in terms of educating folks on how they can use this new paradigm to their greater benefit. Business process automation, outsourcing non-core processes, and using integrated systems to improve information sharing and exchange within an organization aren’t entirely new concepts. What’s new, and what is enabled through this distributed yet interconnected technology model, is the ability for organizations to extend their “connectedness” beyond traditional boundaries. The walled garden of the enterprise can be safely and affordably opened to allow interaction at deeper levels with entities outside of the firewall, allowing metrics relating to those interactions to be captured, collected and analyzed in real time.

Make Sense?

J

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The Holistic Approach to Cloud-Enabling Your Firm

The Holistic Approach to Cloud-Enabling Your Firm

Today’s professional accounting or law practice has a number of issues to contend with, not the least of which is technology.  While IT has been serving the firm for years, shifting paradigms in computing are leading professionals to wonder exactly which direction they should turn for advice.  It’s easy, at a high level, to see the value and benefit of outsourced IT services and being able to focus on your core offerings, but it’s a little harder to find exactly which path your firm should follow.  One thing has proven true over the past few years: taking a holistic approach to cloud-enabling your firm is far better than any uncoordinated exchange of applications and services.

There are four areas the firm should explore when looking to more fully leverage technology to its benefit, which is what “cloud-enabling” the practice really means:

  1. Transitioning to a paperless (or less paper) office
  2. Exploring alternative billing methods (value versus time?)
  3. Outsourcing non-core and non-strategic tasks and processes
  4. Streamlining procedures to create consistency in service levels

The challenge is that firms have numerous options and approaches being thrown about, none of which represent obvious solutions to the entire problem.  In pieces, cloud services and online applications can deliver new capability and functionality, but a professional practice has the requirement for systems to work together to be effective.  Re-entry or redundant storage of data is inefficient, so it is difficult to streamline procedures when the systems run on different platforms or don’t integrate well.

One approach is the “hybrid” approach, where you take the best of the tried and true, and deploy it in new ways to create new capabilities.  Also introducing cloud-based and SaaS solutions where they can truly help the firm innovate makes sense, as long as those solutions can connect back to the core systems. The key is to not lose what efficiency and business intelligence the firm already has while attempting to transform and improve upon those models (digital transformation).

The new thinking by some firms is to adopt web-based practice management solutions that make it easier to collaborate with team  members and clients.  Many of these solutions get great reviews and indeed do make it easier for users to access information from anywhere and on mobile devices.  Lots of neat features for the forward-thinking practice are available, yet the problem is that these solutions usually don’t have general accounting functionality required by the business, nor do they address some of the fundamental capabilities that apps on the desktop can.

For the online applications serving line-of-business functionality, the easy answer to finance department questions is to connect to an online accounting solution, like QuickBooks Online.  While this may serve the needs of the developer, the needs of the business finance department often outpace the functionality available in the smb online accounting products.  To address this reality, many developers have created the means to export data to the QuickBooks software running on the local desktop.

The desktop editions of QuickBooks remain extremely popular with professional service firms and the businesses they serve. In a cloud and mobile world, the firm and their client doesn’t have to be tied to the local desktop in order to keep their desktop software or collaboratively work in the data.  When the QuickBooks desktop software is setup within a secure remote access environment (whether on-premises or with a hosting provider), users benefit from the same mobility and realtime collaboration advantages as with a SaaS solution, like anytime/anywhere access.

Virtual desktops and remote application models allow users to access what seems like a workstation in the cloud, with business applications such as QuickBooks and Microsoft Office and whatever else the firm uses. The desktop is a true Windows platform, so the features and functionality are just as they are when working directly on a local PC.

Most remote or virtual desktop setups also let the user access the Internet and use a browser on the remote desktop, allowing users to run the SaaS solutions they’ve subscribed to alongside their desktop applications yet still remain in a totally virtual and mobile working environment. This approach allows the firm to centralize management and administration of internal servers and networking resources, or eliminate much of the maintenance and management by outsourcing to a hosting provider. Outsourcing the hosting and management of systems further establishes predictability in cost and increases IT agility.

The thing to remember is that one size does not fit all, and every firm will need to work within their own requirements and motivations to come up with the proper approach.  What works for a solo practitioner or small firm won’t necessarily work for a larger firm… or maybe it will, depending on the company culture and structure. There are a lot of options with the cloud when it comes to outsourced information technology models, online practice management and other business solutions, and mobile services which reduce the impacts of time and distance.  It’s time to start implementing on-demand access and mobile-friendly service options before the competition leaves you behind.  Interestingly enough… the competition that looks like a huge and successful firm could be just one person using some really smart IT.

 

Make sense?

J