Accounting system is used by finance experts to control corporate accounts. Individuals may on the other hand pick simple, single-entry systems, while large businesses ought to invest in advanced double-entry apps that can actually deal with processing accounts payable, accounts receivable, inventory, and payroll, among many different tasks. An accounting system minimizes accounting costs, and provides timely and correct financial reports which businesses may benefit from to pursue improved financial decisions. Small firms usually invest in off-the-shelf accounting solutions, while larger companies orientate their efforts to create individualized software to deal with their accounting goals. Accounting software are either desktop-based or cloud-based. Cloud accounting tools are pushing their way to the leading positions as these applications are easier to manage and companies can minimize updating expenses.
Disaster recovery and security are two important factors that need to be considered by SaaS purchasers when evaluating potential providers.
Many SaaS providers do not have a disaster recovery site. Therefore, ask the following questions to your shortlisted vendors: How do you test your disaster recovery procedures? What is your recovery time? How often do you test? Do you have discrete infrastructure; are your chief site and your disaster recovery site placed in different geographical locations?
You need to be aware that many SaaS vendors do not use enterprise-grade infrastructure to install SaaS apps. Many programs have multiple providers. For instance, there may be a firewall provider, an Internet provider, and a few others too in the mix. If a concern rears up, there is a lot of finger-pointing. This issue is common with on-premise IT applications. The solution is to reduce the number of providers so that there is answerability to ensure they take responsibility about performance.
Ask the potential SaaS providers the following questions about security: Is your organization SAS70 compliant? What security procedures are used at your facilities? What security audits and guidelines does your organization follow? Who manages access and identity management, web application firewalls, log file management, and network connectivity?
Needless to say, take your time to research thoroughly and get the answers to the above queries before you invest in an appropriate SaaS system.