The Cloud Financial Accounting Software ROI | AccountingWEB

The Cloud Financial Accounting Software ROI

Change Management. Non-Billable Time Reduction. Cost Containment. Client Privacy & Security. These are some of the many things that keep Accounting Firm Partners & Administrators up at night. Yet, the costs of software and the hardware to support it keep rising, along with the infrastructure that is necessary to manage them. That doesn’t count the necessary security testing to make sure all the data is secure and client information is contained and kept private that should be done in a perfect world!   The writing is on the wall – or in the clouds! In order to stay or become profitable, changes in how accounting firms manage their client management and financial management infrastructure is needed! Costs of running a firm need to be reduced and non-billable time for non-valued added client tasks need to be eliminated. Collaborating with your clients through a cloud based financial system answers a lot of these issues.

I know, I know, you are thinking that sounds too simple. When you think about the desktop – or in the cloud world it is referred to as “on premise” software – there are many hidden costs that aren’t accounted for that offer tremendous opportunities for savings. Just to name a few –poor productivity costs or time being written off just trying to get data back and forth between the your firm and your clients, software licensing fees, costs of hardware and upgrading of systems and servers, IT maintenance of the systems and servers, downtime costs to the organization, proper security and privacy measures and testing that should be in place, different requirements on systems based on the software being installed, etc., etc. I don’t want to sound too simplistic – but the cloud really offers a way to deal with those issues much more cost effectively. For a simple subscription fee, another company with deep expertise in those issues will take care of all of these headaches. Your only upfront investment is getting such a system configured the way you want to deploy the solution for your firm, getting staff properly trained and putting a plan in place that includes delivering quality services to your clients in this environment. And then you’re ready to work with your clients without worrying about what goes on under the hood of your service delivery system anymore.
Once you successfully transition to your new client management and service delivery infrastructure, everything else is really taken care of for you. You no longer have the headaches of time being written off to transfer files or documents between you and your clients and to deliver financial statements – you are collaborating with your client real-time on the same platform. You determine the best in class tools you need to deliver your services rather than being at the mercy of your client. Additionally, with cloud financial software companies such as Intacct, they are taking care of all the IT Maintenance, Security & Privacy. They go through way more rigorous testing of their systems for the audits they have to go through such as SAS 70 Type II certification, PCI compliance, and other needed certifications. That is just the beginning – they complete a myriad of backups daily, Disaster Recovery testing and monitoring, Database restore testing, detailed monitoring of the systems from various angles to spot issues before they arise, capability of growing the network, an avg of 100% uptime over the last 12 months and more!  Imagine trying to achieve that uptime on your own.  How would you be able to guarantee these same things to your clients even if you have the infrastructure in place? The cost is always growing to keep it in house, instead you can have peace of mind that experts are taking care of this and your costs are maintained, routine and planned.
Change is never easy, and having the right plan in place for conversion is critical – not only internally but with restructuring how you deliver services and what new services will be opened up to you by moving to the cloud. Wouldn’t you rather spend your time on creating more revenue for your practice, creating higher realization and delivering a superior client experience than managing these IT issues? I haven’t even begun talking about the Client Accounting Services transformation that this creates…more to come on that for sure! The time is now…it is time to see what benefit you can realize from getting your head in the clouds! 


This blog

Amy Vetter, CPA, CITP is the CPA Programs Leader for Intacct Corporation responsible for leading the CPA/BPO Partners nationally, collaborating with CPA2Biz and working with Intacct BPO CPA Firms to help them grow their Outsourced Accounting Services Practices. Prior to Intacct, she was an Intuit Key Account Manager responsible Intuit's Major Accounts and Creator/Facilitator for the Intuit Practice Excellence Program (IPEP). Amy has had the privilege of serving on the AICPA’s Journal of Accountancy Technology Advisory Panel since 2009 and was recognized by The CPA Technology Advisor as an outstanding 40 under 40 technology-based accountant in 2006 and 2009. In 2007, she won the South Florida Business Journal’s Up & Comer award for her expertise in accounting and dedication to the community. She also was a participant in the Accountant and Advisor Customer Council for Intuit, Inc. during 2006-2008 and Intuit, Inc.’s Solution Provider Advisor Council for 2009. Amy ran a successful Outsourced Accounting Services Practice and is an accomplished author of accounting software reference materials. She has been a a national & local speaker for consultants & software application users at various accounting technology and user conferences throughout the United States. In her free time, she spends time with her family and instructs yoga classes.

More from this blog

Bloggers crew

Steve Knowles has spent 25 years in business and practice in the UK, but he also worked in the states and the years haven't dulled his way of seeing an alternative view to everyone else, and every day is a new adventure.


Joel M. Ungar, CPA is a lifelong resident of the Detroit area and a graduate of The University of Michigan. He is a principal with Silberstein Ungar, PLLC, a Top 15 auditor of SEC public reporting companies.


Allan Boress, CPA, with over 25 years as a practitioner and consultant to the accounting profession. Mr. Boress is the author of 12 published books in 6 different languages, including a best-seller, The "I-Hate-Selling" Book.


Larry Perry, CPA, CPA Firm Support Services, LLC, is the author of accounting and auditing manuals, author and presenter of live staff training seminars, and author of webcast and self-study CPE programs. He blogs about small audits, reviews, and compilations.

Sandra Wiley, COO and Shareholder, is ranked by Accounting Today as one of the 100 Most Influential People in Accounting as a result of her prominent role as an industry expert on HR and training as well as influence as a management and planning consultant. She is also a founding member of The CPA Consultant's Alliance. Sandra is a certified Kolbe™ trainer who advises firms on building balanced teams, managing employee conflict and hiring staff.

Maria Calabrese, CIR, Human Resources manager for Fazio, Mannuzza, Roche, Tankel, LaPilusa, LLC in Cranford, New Jersey, Maria's topics revolve around the world of: Mentoring, Performance management, and The "Y Generation," a.k.a. "The whY generation".


William Brighenti is a CPA, Certified QuickBooks ProAdvisor, and Certified [Business] Valuation Analyst, operating an accounting, tax, and QuickBooks consulting firm in Hartford, Connecticut, Accountants CPA Hartford.


Ken Garen, CPA, is the co-founder and President of Universal Business Computing Company (, a software development firm of high-volume, high-productivity accounting and payroll technology.


Eva Rosenberg, MBA, EA, is the publisher of, and author of the weekly syndicated Ask TaxMama column. She provides answers to tax questions from taxpayers and tax professionals worldwide.


Amy Vetter, CPA, CITP is the CPA Programs Leader for Intacct Corporation responsible for leading the CPA/BPO Partners nationally.

Brian Strahle is the owner of LEVERAGE SALT, LLC where he provides state and local tax technical services to accounting firms, law firms and tax research organizations across the United States. He also writes a weekly column in Tax Analysts State tax Notes entitled, "The SALT Effect." For more info, visit his website:
Scott H. Cytron, ABC, is president of Cytron and Company, known for helping companies and organizations improve their bottom line through a hybrid of strategic public relations, communications, marketing programs and top-notch client service. An accredited consultant, Scott works with companies, organizations and individuals in professional services (accounting, finance, medical, legal, engineering), high-tech and B2B/B2C product/service sales.

Rita Keller is a nationally known CPA firm management consultant, speaker, author, mentor and blogger. She has over 30 years hands-on experience in CPA firm management, marketing, technology and administrative operations.

Stacy Kildal is the mom of two fantastic kids, an Advanced Certified QuickBooks ProAdvisor, Certified Enterprise Solutions ProAdvisor, Sleeter Group Certified Consultant, a nationally recognized member of the Intuit Trainer and Writer Network, and co-host of RadioFree QuickBooks.
Michael Alter's blog specializes in providing practical advice to those who seek greater profitability and practice management tactics that enhance deeper client relationships.

Sally Glick, CMO, Principal, Marketer of the Year in 2003 and AAM Hall of Famer in 2007, leads a lively discussion of the constantly expanding roles of marketing and the professional marketers that drive this initiative in accounting firms of all sizes.


The IMA Young Professionals Blog features the insights of IMA’s Young Professionals Committee. Committee members share advice and experiences on careers, continuing education, work/life balance, and other issues affecting young accounting and finance professionals.


FEI Financial Reporting Blog provides highlights from SEC, PCAOB, FASB, IASB, and other regulatory news, including reporting under Sarbanes-Oxley Sect 404. It is written by Edith Orenstein, Director of Technical Policy Analysis at FEI.


Sue Anderson has 30 years of experience in continuing education for accountants. Currently she is the program director for online CPE provider CPE Link.


Jim Fahey is COO of Apple Growth Partners, a regional CPA firm in Ohio. His focus is on the effective and efficient use of technology within the firm by all team members.

Caleb Newquist is the Editor-in-Chief of Sift Media US, overseeing content for both AccountingWEB and Going Concern.

Leita Hart-Fanta, CPA, CGFM, and CGAP is the author of "The Yellow Book Interpreted" and owner of a website devoted to training for governmental auditors.


AccountingWEB is more than just a U.S. team of journalists and financial and technology experts - we have an international side, too! Members of our British team who publish share their ideas, insights, and perspectives from across the pond.