Having physical computing devices and hardware for our tax and accounting operation is definitely a costly option. Once we talk about a general data center, a few things come in mind: software, hardware, redundant power supply, efficient network resources and disaster recovery option. A growing accounting firm or any accounting department of a enterprise generate a good amount of business critical data every day and over time data management cost can take a big toll on the organizational monthly expenses. These expenses can hit the revenues of the organization in the form of labor costs, infrastructure practices, hardware devices, maintenance and data recovery options.
Cloud oriented resources has completely changed the course of businesses by offering the most cost effective resources for getting an application online, data management and storage. Cloud based accounting is more economical while we plan to use an infrastructure with business intelligence network. The positive impacts we see on the factors like: labor costs, power distribution and cooling of infrastructure once we compare it with the traditional data center. It also doesn't require bigger space to place hardwares and other storage devices. Furthermore, adoption of cloud based resources help us to increase the efficiency and workflow of an organization.