Cloud computing New message: Putting financial data into the cloud?

Most of the financial software is deployed in a pre-configured environment, and today's SaaS, Multi-Tenant, and cloud computing solutions are emerging, with four vendors who are more concerned: FinancialForce, Workday, NetSuite and Intacct. Some of these four suppliers use cloud computing to run their financial applications in the cloud, such as Corefino vendors, which use cloud software to provide cloud-based accounting/finance and billing services to customers, so will vendors use it to provide their clients with financial applications? The answer is yes, will more manufacturers enter this field? The answer is still yes.   First, few technologies will completely disappear, and of course, few technologies can capture 100% of the market, and out-of-the-way apps won't completely disappear, and cloud solutions won't completely replace out-of-the-way solutions. This is a mixed blessing for any of the supporters, and this is the current state of the software sector, and the debate will continue, but it cannot shatter any rumours. So the problem should focus on the market share of cloud computing/saas financial software, this takes time to achieve, cloud/saas Financial application market share will rapidly increase, on the contrary, the preset financial software market share will decline, based on cost considerations, the former more advantages, is will prove all this.   Cloud salespeople are trying to convince users to migrate out-of-the-way financial applications to the cloud, which is often difficult to complete, for too many reasons and also for subtlety, as the purchaser of financial software, CFO (Corporate chief Financial officer), is always at risk for software choices, They are more interested in the return on investment of software, whether it is based on the cloud or the preset financial accounting new software should be for users to solve the following problems:  1. Will investment in new solutions bring high returns?  2. Do new solutions put users at risk of implementation?   Cloud based financial software products will also bring users to the following doubts:  Q1. How to ensure effective governance, risk and policy management in the cloud?  answer: In fact, the solution is consistent with the preset, the same work flow, control and approval. The logic of these solutions is the same.  q2. What does an auditor think about keeping financial information in the data center of another person, and the data center stores the financial software of a different company.  answer: As long as the SAS70 and ISO standards are appropriate, it is not much different from the out-of-the-way solutions.  q3. Why does the company have to make the company's data and systems at risk of not being repaired?  answer: Even in the preset environment software solutions can not guarantee the system from catastrophic failure and natural disasters, whether the use of cloud applications or preset software, each user has its own disaster also planned, willRequired to repair/restore the record.   Today's cloud computing solutions are becoming more sophisticated, and features are becoming more powerful, and functionality will not be a reason to ignore these solutions, but the government may be a hindrance because the government is likely to limit the growth and market penetration of these cloud products. How to get technology to go before policy making? I seriously suspect that the cloud application providers are opening new data centers to users as demand grows. Soon we will be in the data center of Europe because the location of data storage will not be a problem.   Summary: Features do not become a user choice based on cloud computing financial applications of the troubled factors, control and backup restore will not be a problem, with the advantage of cost reduction, cloud applications will occupy a large market, cloud applications will quickly replace the preset software environment. The era of change has come to the collar.   If you are looking for new financial accounting software, you should also consider accounting software based on cloud computing.