Introduction

MATT HOLMES
MD of Liquid Accounts Limited
Chair of BASDA Cloud S.I.G.
Cloud Computing
• Why is it happening?
Cloud Computing
• Why is it happening?
• Disruptive Technology
Cloud Computing
• Why is it happening?
• Disruptive Technology
• Cloud Software to run your practice
Cloud Computing
• Why is it happening?
• Disruptive Technology
• Cloud Software to run your practice
• Cloud Accounting Software
Cloud Computing
• Why is it happening?
• Disruptive Technology
• Cloud Software to run your practice
• Cloud Accounting Software
• Conclusion
Cloud Computing – Why is it happening?

• Broadband
Cloud Computing – Why is it happening?

• Broadband

• Web Technologies
Cloud Computing – Why is it happening?

• Broadband

• Web Technologies

• Server Hardware/Software
 IaaS
Cloud Computing – Why is it happening?

• Broadband

• Web Technologies

• Server Hardware/Software
 IaaS
 
• Technology development trends
Disruptive Technology
Disruptive Technology

Wikipedia Definition:
• “Disruptive technology and disruptive
innovation are terms used in business
and technology literature to describe
innovation that improve a product or
service in ways that the market does not
expect, typically by being lower priced or
designed for a different set of consumers”
Disruptive Technology

Trains Vs Canals
Disruptive Technology

Trains Vs Canals
• It’s too limited
Disruptive Technology

Trains Vs Canals
• It’s too limited
• It doesn’t work the
same
Disruptive Technology

Trains Vs Canals
• It’s too limited
• It doesn’t work the
same
• I don’t understand it
Disruptive Technology

Trains Vs Canals
• It’s too limited
• It doesn’t work the
same
• I don’t understand it
• It’s not safe
Disruptive Technology

Trains Vs Canals Online Vs Onsite

• It’s too limited
• It doesn’t work the
same
• I don’t understand it
• It’s not safe
Disruptive Technology

Trains Vs Canals Online Vs Onsite

• It’s too limited • It’s too limited
• It doesn’t work the • It doesn’t work the same
same • I don’t understand it
• I don’t understand it • It’s not safe
• It’s not safe
Disruptive Technology

• The move to Cloud will destroy the old product

licence ‘cash cow’ model.
Disruptive Technology

• The move to Cloud will destroy the old product

licence ‘cash cow’ model.

• Microsoft IS moving to a subscription model.

Cloud Software to Run Your Practice
Cloud Software to Run Your Practice
[1] Back-up Software
Cloud Software to Run Your Practice
[1] Back-up Software
[2] Accounts / bookkeeping
Cloud Software to Run Your Practice
[1] Back-up Software
[2] Accounts / bookkeeping
[3] Office Type Software:
    - Word / Email / Spreadsheets
Cloud Software to Run Your Practice
[1] Back-up Software
[2] Accounts / bookkeeping
[3] Office Type Software:
    - Word / Email / Spreadsheets
[4] Websites:
    - Blogging Platforms
Cloud Software to Run Your Practice
[1] Back-up Software
[2] Accounts / bookkeeping
[3] Office Type Software:
    - Word / Email / Spreadsheets
[4] Websites:
    - Blogging Platforms
[5] Company Formations
Cloud Software to Run Your Practice
[1] Back-up Software
[2] Accounts / bookkeeping
[3] Office Type Software:
    - Word / Email / Spreadsheets
[4] Websites:
    - Blogging Platforms
[5] Company Formations
[6] Company Secretarial
Cloud Software to Run Your Practice
[1] Back-up Software
[2] Accounts / bookkeeping
[3] Office Type Software:
    - Word / Email / Spreadsheets
[4] Websites:
    - Blogging Platforms
[5] Company Formations
[6] Company Secretarial
[7] Tax
Cloud Software to Run Your Practice
[1] Back-up Software
[2] Accounts / bookkeeping
[3] Office Type Software:
    - Word / Email / Spreadsheets
[4] Websites:
    - Blogging Platforms
[5] Company Formations
[6] Company Secretarial
[7] Tax
[8] Accounts Production
Cloud Accounting -  Are The Risks Real?
Cloud Accounting - Are The Risks Real?

• Data
Cloud Accounting - Are The Risks Real?

• Data
• Security
Cloud Accounting - Are The Risks Real?

• Data
• Security
• Recovery
Cloud Accounting - Are The Risks Real?

• Data
• Security
• Recovery
• Lock-In
Cloud Accounting - Are The Risks Real?

• Data
• Security
• Recovery
• Lock-In
• Compliance
Cloud Accounting - Are The Risks Real?

• Data
• Security
• Recovery
• Lock-In
• Compliance
• Interoperability
Cloud Accounting
Cloud Accounting

• Software as a Service
(SaaS)
- Pay As You Go
Cloud Accounting

• Software as a Service
(SaaS)
- Pay As You Go
• Real-time Accounting
- Live
Cloud Accounting

• Software as a Service
(SaaS)
- Pay As You Go

• Real-time Accounting
- Live

• Flexibility
- Anywhere, Anytime, Any Option
Cloud Accounting

• Software as a Service
(SaaS)
- Pay As You Go
• Real-time Accounting
- Live

• Flexibility
- Anywhere, Anytime, Any Option

• Secure
- Backups, Upgrades, Maintenance
Cloud Accounting

What it mean for accountants?

Cloud Accounting

What it mean for accountants?

• Access to customers accounts in real time to allow
advice to be given.
Cloud Accounting

What it mean for accountants?

• Access to customers accounts in real time to allow
advice to be given.
• Mistakes in accounts can be corrected by a
bookkeeper or accountant remotely.
Cloud Accounting

What it mean for accountants?

• Access to customers accounts in real time to allow
advice to be given.
• Mistakes in accounts can be corrected by a
bookkeeper or accountant remotely.
• Allows the accountant to do a full year-end routine
and export all relevant data to accounts production
software without disks.
Cloud Accounting

What it mean for accountants?

• Access to customers accounts in real time to allow
advice to be given.
• Mistakes in accounts can be corrected by a
bookkeeper or accountant remotely.
• Allows the accountant to do a full year-end routine
and export all relevant data to accounts production
software without disks.
• A retained annuity income at no cost.
Cloud Accounting
Cloud Accounting
• Develop your practice and run it more
efficiently.
Cloud Accounting
• Develop your practice and run it more
efficiently.
• Attract and service more clients and keep
them.
Cloud Accounting
• Develop your practice and run it more
efficiently.
• Attract and service more clients and keep
them.
• Stand out from all the other accountancy
practices in your area.
Cloud Accounting
• Develop your practice and run it more
efficiently.
• Attract and service more clients and keep
them.
• Stand out from all the other accountancy
practices in your area.
• Build extra revenue streams from commissions,
training and other added-value services.
Cloud Accounting
• Develop your practice and run it more
efficiently.
• Attract and service more clients and keep
them.
• Stand out from all the other accountancy
practices in your area.
• Build extra revenue streams from commissions,
training and other added-value services.
• Fulfil a business advisor/financial director
role for your clients in addition to bookkeeping
and compliance.
Cloud Computing

Main Stream
Cloud Computing

Main Stream:
• Coca Cola
- 100,000 users into the private cloud
Cloud Computing

Main Stream:
• Coca Cola
- 100,000 users into the private cloud
• Sales Force
- 290 million transactions last month
Cloud Computing

Main Stream:
• Coca Cola
- 100,000 users into the private cloud
• Sales Force
- 290 million transactions last month
• Microsoft – “We’re all in”
- 42,000 developers, 90% working in the
cloud
Cloud Computing

• Main Stream
Cloud Computing
Conclusion

Cloud Computing is here now!

• www.liquidaccounts.net