Accounting system is employed by finance professionals to control firm accounts. Individuals can pick straightforward, single-entry tools, while large enterprises need to pick more advanced and complex double-entry tools that do the fine art of processing accounts payable, accounts receivable, inventory, and payroll, together with many different functionalities. An accounting system reduces accounting expenses, and provides time-efficient and correct financial reporting which companies may trigger to pursue improved financial decisions. Small firms most often invest in innovative accounting solutions, while bigger scale companies orientate their efforts to produce custom software to take care of their accounting targets. Accounting tools are either desktop-based or cloud-based. Cloud accounting systems are pushing their way to the leading positions as these applications are less complicated to manage and companies can minimize maintenance expenses.
Disaster recovery and security are two key factors that need to be considered by SaaS buyers when analyzing potential providers.
Many SaaS vendors do not have a disaster recovery site. Therefore, ask the following queries 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 discrete infrastructure; are your main site and your disaster recovery site positioned in different geographical locations?
You need to be aware that many SaaS providers do not use enterprise-grade infrastructure to install SaaS apps. Many solutions have multiple providers. For example, there may be a firewall provider, an Internet provider, and a few others too in the mix. If a problem rears up, there is a lot of finger-pointing. This problem is common with on-premise IT applications. The solution is to decrease the number of providers so that there is answerability to ensure they take responsibility about performance.
Ask the potential SaaS vendors the following questions about security: Is your company SAS70 compliant? What security processes are used at your facilities? What security audits and principles does your company 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 solution.