Accounting systems are employed by finance experts to monitor company accounts. Non-professional users may on the other hand pick easy, single-entry systems, while large enterprises should invest in advanced double-entry apps that do the fine art of processing accounts payable, accounts receivable, inventory, and payroll, as well as other features. Accounting software minimizes accounting expenses, and enables timely and adequate financial reporting which companies may use to pursue smart financial decisions. Small firms normally invest in off-the-shelf accounting solutions, while large organizations take the time to create custom software to deal with their accounting targets. Accounting systems are either desktop-based or cloud-based. Cloud accounting tools are pushing their way to the leading positions due the fact they’re known to be easier to manage and organizations can eliminate maintenance expenses.
Disaster recovery and security are two main factors that need to be considered by SaaS purchasers when analyzing potential providers.
Many SaaS providers do not have a disaster recovery site. Therefore, ask the following questions to your shortlisted providers: How do you test your disaster recovery processes? What is your recovery time? How often do you test? Do you have dispersed infrastructure; are your main site and your disaster recovery site placed in different geographical locations?
You need to be aware that many SaaS providers do not use enterprise-grade infrastructure to install SaaS apps. Many programs have multiple providers. For example, 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 platforms. The solution is to decrease the number of vendors so that there is accountability to ensure they take responsibility about performance.
Ask the potential SaaS vendors the following questions about security: Is your organization SAS70 compliant? What security processes 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 methodically and get the answers to the above questions before you invest in a suitable SaaS solution.