The practice cloud is ready to emerge
Suddenly all the tax and practice suppliers are talking about cloud computing. What took them so long, wonders John Stokdyk in the first of a series of articles examining this trend.
For the past seven years, AccountingWEB’s Software Satisfaction Awards survey has helped us to track the adoption of cloud accounting within the UK.
Following the latest round of voting, among AccountingWEB members the level of penetration now sits at 42% - almost exactly the same figure as that quoted in the past few weeks by Intuit and IRIS.
Since it’s an online survey that has included some particularly enthusiastic user pools in the small business accounting categories (47%), the SSA figure may be higher than you would expect from the profession as a whole, but the momentum since 2007 is clear.
Phill Robinson, CEO of IRIS Software confirms that the adoption rate for cloud accounting is accelerating. “Today we have 45,000 end users of cloud technology targeted at accountants and clients. From a standing start three years ago, that’s very rapid growth and it’s more than doubled in the past 12 months. The horizon is getting closer nd we’re expecting to see rapidly increasing levels of adoption in the next 12-24 months.”
The pull of the cloud is undeniable. For the past year, AccountingWEB has been flooded with surveys, webinars, articles and downloadable guides to the subject. But with cloud accounting reaching the mainstream how many people are using it is less interesting than how they are using it, and how it is affecting the way practitioners and business accountants work.
Just before the accountancy profession goes into its traditional self assessment hibernation, AccountingWEB will set out to document in a series of articles what practice applications are available now, what is promised over the next year or so, and how practitioners are adapting their internal and client facing processes for the cloud era.